DC Property Manager (Obscure DC Section)
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The DC Real Estate Commission is overseeing a
hearing for licensee Doug Jones, who was accused
of mishandling both client and broker funds. The
complainants are also talking to the DA about
possible criminal charges. Civil fines are one thing,
but if Doug is found guilty in a criminal proceeding,
what maximum fine might he face? - Answer-
$10,000
Kunal lost money due to his DC real estate agent's
negligence, but he's not a candidate to submit a
claim to the real estate guaranty fund. What's a likely
reason why he's not a candidate? - Answer-His
agent was his wife
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Darnell is a DC real estate licensee whose former
client filed a complaint against him. The real estate
commission may impose sanctions if he is found
guilty of any violations. What other entity may
pursue penalties against Darnell? - Answer-Attorney
General
Which of the following statements about condo/co-
op conversions in DC is true? - Answer-Conversions
require a tenant vote.
Jaden, a DC licensee, presents his seller client with
offers as soon as he receives them. What statutory
duty is Jaden performing for his client? - Answer-
Promote the client's best interests.
Breanna is selling her DC condo in order to pay for
grad school. Her father Stan has agreed to pay
listing broker Martin's commission so that Breanna
can use all of the equity in the condo. What is true
about the relationships in this situation? - Answer-
Martin represents Breanna only
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Which type of termite is most likely to cause damage
to homes in DC? - Answer-Subterranean Termite
Online advertising that contains a DC licensee's
name must include an online disclosure. Which
option best details the items required to be in this
disclosure? - Answer-Name of affiliated firm,
licensee's office location, jurisdiction where license
is held
Alyce worked as a DC real estate salesperson for
three years before obtaining her broker's license last
year. She was excited to learn about current
vacancies on the real estate commission. For which
of the following corresponding vacancies would
Alyce be eligible? - Answer-None, because she
doesn't have five years of professional experience
Theodore was showing his buyer clients some
homes in DC after he'd had lunch with a colleague.
He was clearly under the influence of alcohol, and