DC Real estate exam 2.1 w ith
com plete ver ifi ed solution s
(Guar an teed Success )
Based on DC's statutory reasons for eviction, for which of the
following reasons can Don's landlord evict him from the house
that Don rents? - answer Don's landlord sold the house to
Jeanette, who intends to live in it.
What is a primary factor a lender reviews when determining if a
borrower is a good credit risk? - answer Buyer's income
A DC licensee whose license has been inactive may reinstate the
license if certain conditions have been met. Reinstatement must
be requested within five years, must be accompanied by a fee, and
the licensee must provide ________. - answer Proof that
continuing education requirements have been met
Zoning regulations must be aligned with an area's ______. -
answer Comprehensive plan
Mario doesn't want to include a religious preference in his listing
ad, so which of the following phrases should he use? - answer
Apartment available for members of attached temple
,Jamal is a real estate licensee. What's his responsibility regarding
household lead hazards? - answer He must remind the sellers to
disclose the possible presence of lead-based paint to a buyer if the
home was built prior to 1978.
Appraiser Niles uses ______ to determine a range of values
based on comparing a subject property to comparable sales. He
makes sure to use some comparables that lack features of his
subject property, and others that have even more desirable
features, to balance out the comparison. - answer Bracketing
Which of the following can indicate drainage problems? - answer
Water that pools after a heavy rain and is present more than 24
hours later
What is a legal description? - answer A description of the land
that specifies the boundaries and location of a specific piece of real
property
Which document is provided to borrowers no fewer than three
days prior to closing and provides details about the costs of the
transaction? - answer Closing Disclosure
, When it comes to paying or receiving compensation or
commission in DC, which of the following statements is true? -
answer No brokerage activity-related compensation may be paid
to an unlicensed person.
Which of the following is true about title to a property? - answer
Constructive notice to the public of interest in a parcel of real
estate occurs when the deed is recorded and physical possession
of the property is taken.
Rhonda is interested in putting money toward a timeshare estate,
which would allow her to use a condominium for two weeks each
year. Timeshare estates ______. - answer Can be sold or passed
down to heirsCheryl wants new carpeting for her rectangular
living room. Her living room is 18 feet by 12 feet. How much
carpeting does she need?
Cheryl wants new carpeting for her rectangular living room. Her
living room is 18 feet by 12 feet. How much carpeting does she
need? - answer 216 square feet
The ______ provides administration and enforcement of federal
fair housing laws. - answer Office of Fair Housing and Equal
Opportunity (FHEO)
com plete ver ifi ed solution s
(Guar an teed Success )
Based on DC's statutory reasons for eviction, for which of the
following reasons can Don's landlord evict him from the house
that Don rents? - answer Don's landlord sold the house to
Jeanette, who intends to live in it.
What is a primary factor a lender reviews when determining if a
borrower is a good credit risk? - answer Buyer's income
A DC licensee whose license has been inactive may reinstate the
license if certain conditions have been met. Reinstatement must
be requested within five years, must be accompanied by a fee, and
the licensee must provide ________. - answer Proof that
continuing education requirements have been met
Zoning regulations must be aligned with an area's ______. -
answer Comprehensive plan
Mario doesn't want to include a religious preference in his listing
ad, so which of the following phrases should he use? - answer
Apartment available for members of attached temple
,Jamal is a real estate licensee. What's his responsibility regarding
household lead hazards? - answer He must remind the sellers to
disclose the possible presence of lead-based paint to a buyer if the
home was built prior to 1978.
Appraiser Niles uses ______ to determine a range of values
based on comparing a subject property to comparable sales. He
makes sure to use some comparables that lack features of his
subject property, and others that have even more desirable
features, to balance out the comparison. - answer Bracketing
Which of the following can indicate drainage problems? - answer
Water that pools after a heavy rain and is present more than 24
hours later
What is a legal description? - answer A description of the land
that specifies the boundaries and location of a specific piece of real
property
Which document is provided to borrowers no fewer than three
days prior to closing and provides details about the costs of the
transaction? - answer Closing Disclosure
, When it comes to paying or receiving compensation or
commission in DC, which of the following statements is true? -
answer No brokerage activity-related compensation may be paid
to an unlicensed person.
Which of the following is true about title to a property? - answer
Constructive notice to the public of interest in a parcel of real
estate occurs when the deed is recorded and physical possession
of the property is taken.
Rhonda is interested in putting money toward a timeshare estate,
which would allow her to use a condominium for two weeks each
year. Timeshare estates ______. - answer Can be sold or passed
down to heirsCheryl wants new carpeting for her rectangular
living room. Her living room is 18 feet by 12 feet. How much
carpeting does she need?
Cheryl wants new carpeting for her rectangular living room. Her
living room is 18 feet by 12 feet. How much carpeting does she
need? - answer 216 square feet
The ______ provides administration and enforcement of federal
fair housing laws. - answer Office of Fair Housing and Equal
Opportunity (FHEO)
