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REAL ESTATE PRINCIPLES 1 LEVEL 3 (ALL OF THE KEY TERMS OF LEVEL 1) LATEST UPDATED VERSION 2025 COMPLETE ACTUAL QUESTIONS AND CORRECT ANSWERS) GUARANTEED PASS

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REAL ESTATE PRINCIPLES 1 LEVEL 3 (ALL OF THE KEY TERMS OF LEVEL 1) LATEST UPDATED VERSION 2025 COMPLETE ACTUAL QUESTIONS AND CORRECT ANSWERS) GUARANTEED PASS

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Real Estate Exam || Questions with 100% correct answers.
G G G G G G G G




TheGDCGInventoryGofGHistoricGSitesGcorrectGanswersGCreatedGwhenGtheGDCGHistoricGLandmar
kGandGHistoricGDistrictGProtectionGActGwasGenactedGandGcombinedGtheGLandmarkGlistGwithGthe
GNationalGRegister'sGcatalogGofGDCGproperties.




WhatGhappensGifGaGDCGlicenseeGviolatesGtheGFairGHousingGLaw?GcorrectGanswersGTheyGmayGr
eceiveGaGcivilGfineGofGupGtoG$50,000GandGmayGhaveGtoGpayGcompensatoryGdamagesGforGtheGco
mplainants.

HowGmanyGdaysGdoesGtheGDCGCommissionGhaveGbetweenGhearingGandGdecisionGofGaGlicenseeG
potentiallyGinGviolation?GcorrectGanswersG90Gdays

WhoGisGresponsibleGforGregulatingGrealGestateGlicenseesGinGDC?GcorrectGanswersGTheGDCGReal
GEstateGCommission




WhenGmustGaGDCGSalespersonGrenewGtheirGlicense?GcorrectGanswersGAugustG31GofGOddGNumb
erGYears

HowGmanyGdaysGdoesGaGLandlordGhaveGwhenGfloorGplans,Getc.GareGrequestedGbyGtenantsGafterG
anGofferGofGsaleGwasGgivenGtoGthem?GcorrectGanswersG7GDays

WhatGmayGanGAttorneyGGeneralGfileGforGifGaGlicenseeGisGengagingGinGunlawfulGpractices?Gcorre
ctGanswersGInjuction

WithinGhowGmanyGdaysGmustGaGcomplaintantGmakeGaGnotificationGtoGtheGmayorGwhenGbeginni
ngGaGcourtGcaseGagainstGaGDCGLicensee?GcorrectGanswersG30GDays

WithinGhowGmanyGdaysGmustGtheGtenantsGofG2-to-
4GunitGplacesGsubmitGaGstatementGofGintrestGtoGexcersiseGtheirGrightGtoGpurchaseGwhenGaGlandGo
wnerGisGsellingGtheGproperty?GcorrectGanswersG15GDaysGifGtheGtenantsGareGcollectivelyGexcersis
ingGtheGright,GandGanGadditionalG7GdaysGifGtenantsGareGactingGindividually.

RealGPropertyGtaxGpaymentsGinGDCGareGdueGtwiceGaGyear.GOnGwhichGdatesGareGtheGpaymentsGd
ue?GcorrectGanswersGMarchG31GandGSeptemberG15

IsGcitizenshipGaGrequirementGtoGpurchaseGpropertyGinGDC?GcorrectGanswersGNo

WhatGareGtheGtermsGofGserviceGforGsomeoneGappointedGasGcommissionerGonGtheGDCGCommissi
onGofGHumanGRights?GcorrectGanswersGThreeGyearsGofGserviceGwithoutGcompensation

AdvanceGnoticeGofGhowGmanyGdaysGmustGbeGprovidedGtoGtheGtenantsGwhenGconvertingGanGapar
tmentGcomplexGtoGcondos?GcorrectGanswersG120GDays

HowGmanyGCommissionersGserveGonGtheGDCGcommissionGonGHumanGRights?GcorrectGanswers
G11




WhoGorGwhatGentityGisGresponsibleGforGprotectingGtheGdistrict'sGhistoric,Garchaeological,Gagricu
ltural,GandGculturalGresourcesGbyGworkingGalongsideGfederalGagencies?GcorrectGanswersGStateG
HistoricGPreservationGOfficeG(SHPO)

,WhichGboardGimplementsGfederalGreviewGprogramsGandGevaluatesGapplicationsGtoGensureGtheGp
roposedGworkGmeetsGDCGrequirementsGandGadvisesGtheGMayor'sGAgentGandGtheGStateGHistoricG
PreservationGOfficeGonGhistoricGproperties?GcorrectGanswersGHistoricGPreservationGReviewGBo
ard

InGorderGtoGfulfillGtheGDCGstatutoryGdutyGtoGpromoteGtheGclient'sGbestGinterests,GwhenGmustGlice
nseesGpresentGoffersGorGcounter-
offersGtoGtheirGclients?GcorrectGanswersGPromptlyGuntilGanGofferGhasGbeenGaccepted.

ComplaintsGofGviolationsGofGtheGHumanGRightsGActGinGDCGcanGbeGfiledGwithGwhoGwithinGaGye
arGofGaGviolation?GcorrectGanswersGDCGOfficeGofGHumanGRightsG(OHR)

WhatGisGGreenwashing?GcorrectGanswersGTheGmisrepresentationGofGaGproperty'sGenergyGefficie
ncyGandGenvironmentalGbenefit,GgenerallyGportrayingGaGpropertyGtoGbeGmoreGenegryGefficientG
ofGenvironmentallyGfriendlyGthanGitGactuallyGis.

TheGDCGCommissionGcanGimposeGcivilGfinesGforGlicenseGlawGviolations.GEachGviolationGmayGg
arnerGaGfineGupGtoGhowGmuch?GcorrectGanswersG$5,000

WhenGaGlicensee'sGactionsGcouldGhaveGanGimmediateGnegativeGeffectGonGtheGpublic,GtheGmayor
GofGDCGcanGtakeGwhatGactionGwithoutGanGinvestigationGorGhearing? GcorrectGanswersGSummaril

yGsuspendGtheGlicense

OnlineGadvertisingGthatGcontainsGtheGlicensee'sGnameGmustGalsoGincludeGwhat?GcorrectGanswer
sGTheGnameGofGtheGfirmGtheGlicenseeGisGaffiliatedGwith,Gcity/stateGwhereGtheGlicensee'sGofficeGis
Glocated,GandGjurisdiction(s)GwhereGtheGlicenseeGholdsGaGlicense.




TheGstatutoryGminimumGnegotiaitonGperiodGforGaGtenantGwhoGhasGfiledGaGstatementGofGinterestG
forGtheGofferGofGsaleGfromGtheGlandlordGisG:GcorrectGanswersG90Gdays

WhoGcanGlegallyGcompleteGaGSellerGDisclosureGStatement?GcorrectGanswersGOnlyGtheGseller.GA
GlicensedGhomeGinspectorGcanGhelpGbyGgivingGthemGinformationGtoGuseGtoGcompleteGtheGform.




TheGDCGRealGEstateGCommissionGmayGaskGbothGpartiesGtoGparticipateGinGaGwhatGpriorGtoGaGhea
ring?GcorrectGanswersGAGsettlementGconference

DCGLicenseesGconvictedGofGcriminalGchargesGmayGfaceGupGtoGaG$10,000Gfine,GasGwellGasG:Gcorr
ectGanswersGUpGtoGoneGyearGinGjail

IfGtheGmayorGsummarilyGsuspendsGaGlicense,GhowGlongGdoesGtheGlicenseeGhaveGtoGrequestGaGhe
aring?GcorrectGanswersG72GHours

MembersGofGtheGDCGRealGEstateGCommissionGareGlimitedGtoGhowGmanyGconsecutiveGterms?Gc
orrectGanswersG3

HowGlongGdoesGanGescrowGagentGhaveGtoGdepositGearnestGmoneyGafterGreceivingGitGfromGtheGb
uyer?GcorrectGanswersG7Gdays

,WhoGmayGfileGaGfairGhousingGcomplaintGonGbehalfGofGothers?GcorrectGanswersGAttorneyGGener
al

HowGlongGmustGpropertyGownersGorGpropertyGmanagersGkeepGaGcopyGofGaGsignedGDCGLeadGDi
sclosureGForm?GcorrectGanswersG6Gyears

WhenGmustGBrokersGrenewGtheirGlicense?GcorrectGanswersGFebruaryG28thGofGoddGyears

WhatGdoesGtheGNPMA-
33GformGdocument?GcorrectGanswersGTheGresultsGofGanGinspectionGforGwood-
destroyingGinsects,GsuchGasGtermitesGandGcarpenterGants.

HowGmanyGhoursGofGContinuingGEducationGmustGlicensee'sGcompleteGeveryGtwoGyears?Gcorrec
tGanswersG15Ghours

BrokersGfromGMarylandGandGVirginiaGmayGbeGelegibleGforGDCGwhatGlicensing?GcorrectGanswe
rsGReciprocal

BrokersGthatGwishGtoGchangeGtheirGstatusGtoGthatGofGanGassociateGbrokerGshouldGdoGwhat?Gcorre
ctGanswersGNotifyGtheGcommissionGbyGcertifiedGmail

AreGPropertyGManagersGinGDCGrequiredGtoGbeGlicensed?GcorrectGanswersGYes

DCGconsumersGwhoGbelieveGthatGtheyGareGvictimsGofGhousingGdiscriminationGhaveGhowGmuchG
timeGfromGtheGallegedGviolationGtoGfileGaGcomplaint?GcorrectGanswersG1Gyear

WhatGadministrativeGofficeGusesGplanning,Gprotection,GandGpublicGeducationGtoGpromoteGstewa
rdshipGofGDC'sGhistoricGproperties?GcorrectGanswersGHistoricGPreservationGOffice

TheGDCGRealGEstateGCommissionGisGunderGtheGadministrativeGoversightGofGwho/what?Gcorrect
GanswersGTheGDCGMayor




WhoGisGaGlicenseeGrequiredGtoGpresentGtheGdisclosureGofGbrokerageGrelationshipGformGto?Gcorre
ctGanswersGTheGpartiesGinvolvedGinGtheGtransactionGwhomGtheGlicenseeGdoesn'tGrepresent.

BuyersGhaveGhowGmanyGdaysGfromGtheGdateGcondoGdocumentationGandGstatementsGareGreceive
dGtoGcancelGtheGcontract?GcorrectGanswersGThreeGbusinessGdays

DCGtransactionGrecordsGmustGbeGretainedGforGhowGlong?GcorrectGanswersGAGminimumGofGthree
GyearsGfromGtheGclosingGorGtransactionGterminationGdate




WhatGisGtrueGregardingGagencyGdisclosureGnoticesGinGDC?GcorrectGanswersGTheyGareGinformati
onalGonly,GbutGrequiredGbyGlaw

WhoGappointsGmembersGofGtheGDCGRealGEstateGCommission?GcorrectGanswersGTheGmayorGsel
ectsGallGcommissioners,GwhoseGappointmentsGmustGthenGbeGapprovedGbyGtheGDCGCouncil.

SellersGmustGdeliverGcondoGdocsGtoGprospectiveGbuyersGonGorGbeforeGwhatGbusinessGdayGfromG
theGdateGtheGpurchaseGcontractGisGratified?GcorrectGanswersGTheG10thGbusinessGday.GBuyersGca
nGcancelGtheGcontractGifGtheGdocumentsGaren'tGreceivedGinGthisGtimeGframe.

, IfGaGDCGpropertyGownerGisGconsideringGdonatingGaGconservationGeasementGtoGtheGL'EnfantGTru
st,GwhatGtaxGbenefitsGmayGtheyGreceive?GcorrectGanswersGTheGownerGmayGreceiveGaGtaxGbenefi
tGbasedGonGtheGdiminshedGvalueGofGtheGpropertyGresultingGfromGtheGplacementGofGtheGeasemen
t

WhoGreviewsGpermitGrequestsGinvolvingGhistoricGproperties?GcorrectGanswersGTheGMayor'sGag
entGforGhistoricGpreservation

TheGamountGofGearnestGmoneyGisGnegotiableGbetweenGparties,GbutGitGmustGbeGconsideredGwhat
?GcorrectGanswersG"Reasonable"

HowGlongGisGaGDCGcondoGdeveloperGrequiredGtoGwarrantyGstructualGdefectsGofGaGnewlyGconstr
uctedGunit?GcorrectGanswersGTwoGyears

TheGDCGRealGEstateGCommissionGrequiresGthatGallGprofessionalGmembersGhaveGnoGfewerGthan
GhowGmuchGexperienceGimmediatelyGprecedingGtheirGappointment? GcorrectGanswersGFiveG year

s

AGbroker'sGsignGmustGincludeGwhat?GcorrectGanswersGTheGbrokerageGname,Gaddress,GandGmust
GindicateGthatGtheGpersonGisGaGlicensedGrealGestateGbroker




ComplaintsGwhoGwishGtoGbypassGtheGHUDGmayGdoGsoGtoGfileGaGcivilGsuitGinGaGfederalGdistrictGc
ourt.GHowGlongGdoGtheyGhaveGtoGdoGthis?GcorrectGanswersGThisGmustGoccurGwithinG1GyearGofGth
eGallegedGviolation.GIfGaGcomplaintGhasGbeenGfiledGwithGtheGHUD,GtheGdeadlineGforGaGcivilGsuitG
isGtwoGyears.

IfGaGlicenseeGisGfoundGtoGhaveGliedGonGtheirGlicenseGapplication,GwhatGdisciplinaryGactionGmayG
theyGreceive?GcorrectGanswersGLicenseGDenial

WhatGtypeGofGtermiteGisGmostGlikelyGtoGcauseGdamagesGtoGhomesGinGDC?GcorrectGanswersGSubt
erraneanGTermite

WhoGorGwhichGentityGadministersGtheGDCGRealGEstateGGuarantyGandGEducationGFund?Gcorrect
GanswersGTheGRealGEstateGCommission




ClaimantsGhaveGhowGmuchGtimeGfromGtheGdateGaGjudgementGbecomesGfinalGtoGfileGaGclaimGforG
paymentGfromGtheGfund?GcorrectGanswersG12Gmonths

AGveryGseriousGdisciplinaryGinfractionGisGlikelyGtoGresultGinGwhat?GcorrectGanswersGTheGrevoca
tion,GorGatGleastGsuspensionGofGaGlicense.GAGcensure,Gfine,GandGreprimandGareGforGminorGviolati
ons.

WhatGpenaltiesGcanGaGlicenseeGfaceGifGtheyGareGhavingGaGhearingGoffGofGtheGbasisGofGdiscrimina
tionGcomplaints?GcorrectGanswersGPenaltiesGcanGincludeGinjunctiveGreliefGforGtheGcomplainants
,GcompensatoryGdamages,GreimbursementGofGattorneyGfees,GbackGandGfrontGpay,GandGcivilGpena
ltiesGrangingGfromG$10,000GtoG$50,000GpaidGtoGtheGdistrictGgovernment.

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