DC LICENSING EXAM – STATE Questions
|| || || || || ||
with accurate detailed answers || || ||
The DC commission can impose civil fines for license law violations. Each
|| || || || || || || || || || || ||
violation may garner a fine up to ______. - ✔✔$5,000 || || || || || || || || ||
Joan began a court case against a DC licensee who misrepresented a
|| || || || || || || || || || || ||
property, resulting in a financial loss for Joan. At this point, does Joan need to
|| || || || || || || || || || || || || ||
make any notifications to the mayor? - ✔✔Yes, Joan must notify the mayor
|| || || || || || || || || || || || || ||
within 30 days of the date she began her action
|| || || || || || || || ||
DC licensee Jenna presented her evidence at a commission hearing held
|| || || || || || || || || || ||
March 19. How long does the commission have to issue its final decision
|| || || || || || || || || || || || ||
regarding her case? - ✔✔90 days || || || || ||
Chester is interested in becoming a real estate licensee in the District of
|| || || || || || || || || || || || ||
Columbia. After completing the requirements for obtaining the license for a || || || || || || || || || || ||
real estate salesperson, which agency will administer Chester's license? -
|| || || || || || || || || ||
✔✔DC real estate commission || || ||
In addition to disciplinary sanctions imposed by the DC Real Estate
|| || || || || || || || || || ||
Commission, licensees may face a(n) ________ if the attorney general files for || || || || || || || || || || || ||
one in superior court. - ✔✔Injunction
|| || || || ||
Who or which entity administers the DC Real Estate Guaranty and Education
|| || || || || || || || || || || ||
Fund? - ✔✔DCREC || ||
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? - ✔✔His agent is his wife
|| || || || || || || || || || ||
,You and your client just successfully closed on a home. How long do you
|| || || || || || || || || || || || || ||
have to keep the agency disclosure notice on file that you collected early on
|| || || || || || || || || || || || || ||
in the transaction? - ✔✔3 years
|| || || || ||
Under certain circumstances, an attorney may perform real estate services
|| || || || || || || || || ||
without holding a real estate license. This would be true for an attorney who
|| || || || || || || || || || || || || ||
employs up to ______ salespeople. - ✔✔Zero || || || || || ||
Refusing to show apartments, misrepresenting availability, quoting different
|| || || || || || || ||
terms, and failing to inform persons of color of opportunities to receive more
|| || || || || || || || || || || || ||
favorable rent is discrimination based on what protected class? - ✔✔Color
|| || || || || || || || || ||
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? - ✔✔Name of affiliated firm, licensee's office location, jurisdiction || || || || || || || || || ||
in which license is held
|| || || ||
Forrest found out that he pays higher rent for his DC apartment than another
|| || || || || || || || || || || || ||
tenant in a same-sized unit, and he thinks it's because he is an African-
|| || || || || || || || || || || || || ||
American male. Where should Forrest file a complaint? - ✔✔DC Office of || || || || || || || || || || || ||
Human Rights ||
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 his
|| || || || || || || || || || || || ||
clients were concerned and angry. They filed a complaint with the
|| || || || || || || || || || || ||
commission. Providing services while impaired is a very serious offense, so || || || || || || || || || || ||
it's a good chance that Theodore will receive a ________ as a sanction. -
|| || || || || || || || || || || || || ||
✔✔Revocation
A person performing real estate activities under the judgment or order of a
|| || || || || || || || || || || || ||
court, such as a trustee in a bankruptcy, is _______. - ✔✔Required to have at
|| || || || || || || || || || || || || || ||
least a salesperson license
|| || ||
,Muriel is an endorsement license applicant from Kentucky. Daniel is a
|| || || || || || || || || || ||
reciprocal license applicant from Maryland. While there are some differences || || || || || || || || || ||
in what they must submit to become licensed salespersons in DC, they both
|| || || || || || || || || || || || ||
must submit ________. - ✔✔A Letter of Certification showing that their license
|| || || || || || || || || || || ||
is in good standing
|| || ||
In DC, which type of licensee must renew their license by February 28 in odd
|| || || || || || || || || || || || || || ||
years? - ✔✔Broker || ||
Amanda helps her neighbor sell his DC home by assisting with negotiations.
|| || || || || || || || || || || ||
She receives no compensation for her assistance. Based on this one
|| || || || || || || || || || ||
transaction, Amanda ______. - ✔✔Doesn't need a real estate license || || || || || || || || ||
THERE'S NO COMPENSATION || ||
Carmen is the vice-president of a DC investment firm that wants to start
|| || || || || || || || || || || || ||
offering real estate sales services for its clients. Which of the following
|| || || || || || || || || || || ||
statements is true about the firm's submission of a broker license || || || || || || || || || || ||
application? - ✔✔Anyone involved in providing real estate services needs to || || || || || || || || || || ||
hold a DC real estate license.
|| || || || ||
If a DC-licensed salesperson decides to quit working for a given broker and
|| || || || || || || || || || || || ||
look for other employment, what happens to the salesperson's license? -
|| || || || || || || || || || ||
✔✔Broker returns it to mayor || || || ||
Nathan assisted with the purchase of a commercial building that will be used
|| || || || || || || || || || || || ||
as a community center. He doesn't hold a DC real estate license, yet his
|| || || || || || || || || || || || || ||
actions didn't violate any license laws. What must be true about Nathan's
|| || || || || || || || || || || ||
situation? - ✔✔Nathan is a public official whose salaried duties include real
|| || || || || || || || || || || ||
estate transactions. ||
DC law requires licensees to disclose their personal interest before acting on
|| || || || || || || || || || || ||
their own behalf in a real estate transaction. Which of the following must
|| || || || || || || || || || || || ||
, licensee Ben disclose to a buyer client when writing up an offer? - ✔✔He is
|| || || || || || || || || || || || || || ||
the seller||
DC broker Antonio was thrilled to close on a listing that had been on the
|| || || || || || || || || || || || || || ||
market for six months. He realizes that it was a team effort and would like to
|| || || || || || || || || || || || || || || ||
compensate people who helped get it sold. Antonio can share his || || || || || || || || || || ||
commission with which of the following people? - ✔✔Licensed sales assistant || || || || || || || || || ||
Jess is selling her condo unit in DC. Within how many days of purchase
|| || || || || || || || || || || || || ||
contract ratification must she provide the condo documents stated in the
|| || || || || || || || || || ||
condo seller disclosure/resale addendum? - ✔✔10 business days
|| || || || || || ||
Carla and her clients, Bert and Ina Nowland, have just finished preparing
|| || || || || || || || || || || ||
their first listing agreement. Before they conclude their meeting, what should
|| || || || || || || || || ||
Carla do? - ✔✔Obtain the Nowlands' written consent for designated/dual
|| || || || || || || || || || ||
representation.
Shara's friend Sonny was with her when an apartment manager refused to
|| || || || || || || || || || || ||
give Shara, who is South Asian, a rental application. Now Shara has filed a
|| || || || || || || || || || || || || ||
complaint with the DC Office of Human Rights. Sonny was initially scared to
|| || || || || || || || || || || || ||
testify but was reassured when he learned that ________. - ✔✔DC human
|| || || || || || || || || || || ||
rights law prohibits retaliation against witnesses
|| || || || ||
How long must property owners or property managers keep a copy of a
|| || || || || || || || || || || || ||
signed DC Lead Disclosure Form? - ✔✔The signed original DC Lead form must
|| || || || || || || || || || || ||
be kept for six years.
|| || || || ||
Under what circumstances can DC buyer agency agreements be terminated
|| || || || || || || || || ||
early? - ✔✔Buyers and their agent both agree in writing to end the
|| || || || || || || || || || || || ||
agreement
Which statement is an example of puffery? - ✔✔"This condo has the best
|| || || || || || || || || || || || ||
view this side of the river!"
|| || || || ||
|| || || || || ||
with accurate detailed answers || || ||
The DC commission can impose civil fines for license law violations. Each
|| || || || || || || || || || || ||
violation may garner a fine up to ______. - ✔✔$5,000 || || || || || || || || ||
Joan began a court case against a DC licensee who misrepresented a
|| || || || || || || || || || || ||
property, resulting in a financial loss for Joan. At this point, does Joan need to
|| || || || || || || || || || || || || ||
make any notifications to the mayor? - ✔✔Yes, Joan must notify the mayor
|| || || || || || || || || || || || || ||
within 30 days of the date she began her action
|| || || || || || || || ||
DC licensee Jenna presented her evidence at a commission hearing held
|| || || || || || || || || || ||
March 19. How long does the commission have to issue its final decision
|| || || || || || || || || || || || ||
regarding her case? - ✔✔90 days || || || || ||
Chester is interested in becoming a real estate licensee in the District of
|| || || || || || || || || || || || ||
Columbia. After completing the requirements for obtaining the license for a || || || || || || || || || || ||
real estate salesperson, which agency will administer Chester's license? -
|| || || || || || || || || ||
✔✔DC real estate commission || || ||
In addition to disciplinary sanctions imposed by the DC Real Estate
|| || || || || || || || || || ||
Commission, licensees may face a(n) ________ if the attorney general files for || || || || || || || || || || || ||
one in superior court. - ✔✔Injunction
|| || || || ||
Who or which entity administers the DC Real Estate Guaranty and Education
|| || || || || || || || || || || ||
Fund? - ✔✔DCREC || ||
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? - ✔✔His agent is his wife
|| || || || || || || || || || ||
,You and your client just successfully closed on a home. How long do you
|| || || || || || || || || || || || || ||
have to keep the agency disclosure notice on file that you collected early on
|| || || || || || || || || || || || || ||
in the transaction? - ✔✔3 years
|| || || || ||
Under certain circumstances, an attorney may perform real estate services
|| || || || || || || || || ||
without holding a real estate license. This would be true for an attorney who
|| || || || || || || || || || || || || ||
employs up to ______ salespeople. - ✔✔Zero || || || || || ||
Refusing to show apartments, misrepresenting availability, quoting different
|| || || || || || || ||
terms, and failing to inform persons of color of opportunities to receive more
|| || || || || || || || || || || || ||
favorable rent is discrimination based on what protected class? - ✔✔Color
|| || || || || || || || || ||
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? - ✔✔Name of affiliated firm, licensee's office location, jurisdiction || || || || || || || || || ||
in which license is held
|| || || ||
Forrest found out that he pays higher rent for his DC apartment than another
|| || || || || || || || || || || || ||
tenant in a same-sized unit, and he thinks it's because he is an African-
|| || || || || || || || || || || || || ||
American male. Where should Forrest file a complaint? - ✔✔DC Office of || || || || || || || || || || || ||
Human Rights ||
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 his
|| || || || || || || || || || || || ||
clients were concerned and angry. They filed a complaint with the
|| || || || || || || || || || || ||
commission. Providing services while impaired is a very serious offense, so || || || || || || || || || || ||
it's a good chance that Theodore will receive a ________ as a sanction. -
|| || || || || || || || || || || || || ||
✔✔Revocation
A person performing real estate activities under the judgment or order of a
|| || || || || || || || || || || || ||
court, such as a trustee in a bankruptcy, is _______. - ✔✔Required to have at
|| || || || || || || || || || || || || || ||
least a salesperson license
|| || ||
,Muriel is an endorsement license applicant from Kentucky. Daniel is a
|| || || || || || || || || || ||
reciprocal license applicant from Maryland. While there are some differences || || || || || || || || || ||
in what they must submit to become licensed salespersons in DC, they both
|| || || || || || || || || || || || ||
must submit ________. - ✔✔A Letter of Certification showing that their license
|| || || || || || || || || || || ||
is in good standing
|| || ||
In DC, which type of licensee must renew their license by February 28 in odd
|| || || || || || || || || || || || || || ||
years? - ✔✔Broker || ||
Amanda helps her neighbor sell his DC home by assisting with negotiations.
|| || || || || || || || || || || ||
She receives no compensation for her assistance. Based on this one
|| || || || || || || || || || ||
transaction, Amanda ______. - ✔✔Doesn't need a real estate license || || || || || || || || ||
THERE'S NO COMPENSATION || ||
Carmen is the vice-president of a DC investment firm that wants to start
|| || || || || || || || || || || || ||
offering real estate sales services for its clients. Which of the following
|| || || || || || || || || || || ||
statements is true about the firm's submission of a broker license || || || || || || || || || || ||
application? - ✔✔Anyone involved in providing real estate services needs to || || || || || || || || || || ||
hold a DC real estate license.
|| || || || ||
If a DC-licensed salesperson decides to quit working for a given broker and
|| || || || || || || || || || || || ||
look for other employment, what happens to the salesperson's license? -
|| || || || || || || || || || ||
✔✔Broker returns it to mayor || || || ||
Nathan assisted with the purchase of a commercial building that will be used
|| || || || || || || || || || || || ||
as a community center. He doesn't hold a DC real estate license, yet his
|| || || || || || || || || || || || || ||
actions didn't violate any license laws. What must be true about Nathan's
|| || || || || || || || || || || ||
situation? - ✔✔Nathan is a public official whose salaried duties include real
|| || || || || || || || || || || ||
estate transactions. ||
DC law requires licensees to disclose their personal interest before acting on
|| || || || || || || || || || || ||
their own behalf in a real estate transaction. Which of the following must
|| || || || || || || || || || || || ||
, licensee Ben disclose to a buyer client when writing up an offer? - ✔✔He is
|| || || || || || || || || || || || || || ||
the seller||
DC broker Antonio was thrilled to close on a listing that had been on the
|| || || || || || || || || || || || || || ||
market for six months. He realizes that it was a team effort and would like to
|| || || || || || || || || || || || || || || ||
compensate people who helped get it sold. Antonio can share his || || || || || || || || || || ||
commission with which of the following people? - ✔✔Licensed sales assistant || || || || || || || || || ||
Jess is selling her condo unit in DC. Within how many days of purchase
|| || || || || || || || || || || || || ||
contract ratification must she provide the condo documents stated in the
|| || || || || || || || || || ||
condo seller disclosure/resale addendum? - ✔✔10 business days
|| || || || || || ||
Carla and her clients, Bert and Ina Nowland, have just finished preparing
|| || || || || || || || || || || ||
their first listing agreement. Before they conclude their meeting, what should
|| || || || || || || || || ||
Carla do? - ✔✔Obtain the Nowlands' written consent for designated/dual
|| || || || || || || || || || ||
representation.
Shara's friend Sonny was with her when an apartment manager refused to
|| || || || || || || || || || || ||
give Shara, who is South Asian, a rental application. Now Shara has filed a
|| || || || || || || || || || || || || ||
complaint with the DC Office of Human Rights. Sonny was initially scared to
|| || || || || || || || || || || || ||
testify but was reassured when he learned that ________. - ✔✔DC human
|| || || || || || || || || || || ||
rights law prohibits retaliation against witnesses
|| || || || ||
How long must property owners or property managers keep a copy of a
|| || || || || || || || || || || || ||
signed DC Lead Disclosure Form? - ✔✔The signed original DC Lead form must
|| || || || || || || || || || || ||
be kept for six years.
|| || || || ||
Under what circumstances can DC buyer agency agreements be terminated
|| || || || || || || || || ||
early? - ✔✔Buyers and their agent both agree in writing to end the
|| || || || || || || || || || || || ||
agreement
Which statement is an example of puffery? - ✔✔"This condo has the best
|| || || || || || || || || || || || ||
view this side of the river!"
|| || || || ||
