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DC Real Estate Exam Practice Test
Questions and answers new solution
update
Trina applied for inactive status for her DC broker's license when her son was diagnosed with leukemia
four years ago. How long does she have to reactivate her license from the time it was made inactive? -
answer 5 years
which entity provides budget and resource support to the DC real estate commission? - answer
department of consumer and regulatory affairs
colin was found guilty of a minor violation of dc license law. the commission decided that Colin needed
remediation, which in this case likely includes _______ - answer retraining
several buyers attended Neil's open house last weekend. He made the DC seller's disclosure statement
available, but there is one person for whom he was legally required to provide it. Who would that be? -
answer the buyer who emailed him about the property
Which protected classes does DC's Human Rights Act add to those already protected under the federal
fair housing act? - answer age, marital status, personal appearance, sexual orientation, gender identity
or expression, family responsibilities, matriculation, and political affiliation
The DC Real Estate Commission is under the administrative oversight of__________ - answer The
National Association of REALTORS
Who else can file a fair housing complaint? - answer attorney general
Licensees must complete ______ hours of continuing education every two years - answer 15
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What is the current per-licensee maximum that can be collected from the DC Real Estate Guaranty and
Education Fund? - answer $50,000
Carl lives in a 3 unit DC rental property owned by Margaret. Which of these is the most inclusive
statement about Carl's petition rights and responsibilities? - answer Tenants have 7 days after the offer
of the sale to request more information; Margaret has 7 days to comply. The tenant organization has 15
days to file a statement of interest; Carl has 7 days after that to file an individual petition
Simon is selling a 10 unit property. Within how many days from the offer of sale must the tenants
provide Simon with a statement of interest to purchase if a tenant organization already exists? - answer
30 days (bc tenant org already exists; if one doesn't exist it is 45 days)
mixing earnest money with personal funds - answer commingling
How long must property owners or property managers keep a copy of a signed DC lead disclosure form?
- answer 6 years
salesperson license renewal date - answer august 31
broker license renewal date - answer february 28
What is this an example of: Herve withdrew funds from the trust account to pay the brokerage's rent -
answer conversion
How long do you have to keep the agency disclosure notice on file that you collected early on in the
transaction? - answer 3 years
NPMA-33 form - answer documents the results of an inspection looking for wood-destroying insects
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DC Real Estate Exam Practice Test
Questions and answers new solution
update
Trina applied for inactive status for her DC broker's license when her son was diagnosed with leukemia
four years ago. How long does she have to reactivate her license from the time it was made inactive? -
answer 5 years
which entity provides budget and resource support to the DC real estate commission? - answer
department of consumer and regulatory affairs
colin was found guilty of a minor violation of dc license law. the commission decided that Colin needed
remediation, which in this case likely includes _______ - answer retraining
several buyers attended Neil's open house last weekend. He made the DC seller's disclosure statement
available, but there is one person for whom he was legally required to provide it. Who would that be? -
answer the buyer who emailed him about the property
Which protected classes does DC's Human Rights Act add to those already protected under the federal
fair housing act? - answer age, marital status, personal appearance, sexual orientation, gender identity
or expression, family responsibilities, matriculation, and political affiliation
The DC Real Estate Commission is under the administrative oversight of__________ - answer The
National Association of REALTORS
Who else can file a fair housing complaint? - answer attorney general
Licensees must complete ______ hours of continuing education every two years - answer 15
CLASSROOM CLASSROOM CLASSROOM
, CLASSROOM CLASSROOM CLASSROOM
What is the current per-licensee maximum that can be collected from the DC Real Estate Guaranty and
Education Fund? - answer $50,000
Carl lives in a 3 unit DC rental property owned by Margaret. Which of these is the most inclusive
statement about Carl's petition rights and responsibilities? - answer Tenants have 7 days after the offer
of the sale to request more information; Margaret has 7 days to comply. The tenant organization has 15
days to file a statement of interest; Carl has 7 days after that to file an individual petition
Simon is selling a 10 unit property. Within how many days from the offer of sale must the tenants
provide Simon with a statement of interest to purchase if a tenant organization already exists? - answer
30 days (bc tenant org already exists; if one doesn't exist it is 45 days)
mixing earnest money with personal funds - answer commingling
How long must property owners or property managers keep a copy of a signed DC lead disclosure form?
- answer 6 years
salesperson license renewal date - answer august 31
broker license renewal date - answer february 28
What is this an example of: Herve withdrew funds from the trust account to pay the brokerage's rent -
answer conversion
How long do you have to keep the agency disclosure notice on file that you collected early on in the
transaction? - answer 3 years
NPMA-33 form - answer documents the results of an inspection looking for wood-destroying insects
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