Chapter 2 Licensing Requirements Flashcards

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1
Q

What does it mean to be licensed?

A

A person so designated has been granted a license by the Mayor to practice an occupation or profession in the district.

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2
Q

Who is exempt from a real estate license?

A

Receivers, referees, adminstrators, executors, guardians, conservators, trustees, or other persons appointed or acting under the judgement of any court order, or attorneys at a law.

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3
Q

Does a US or DC government employee need a license while performing his or her official duties?

A

No

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4
Q

How does a person become a broker?

A

1-Qualifies as a salesperson.
2-Has been licensed as a real estate broker or salesperson in the District or elsewhere the 2 years preceding the date of the application.

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5
Q

What are the eligibility requirements for a real estate salesperson?

A

1-Is able to read and write English.
2-Is a high school graduate, or equivalent.
3-Has successfully completed a course of study prescribed by the board.
4-Has passed an examination.
5-Has not had an application for a real estate denied for reasons other than failure of a test, within one year.
6-Has not a real estate license suspended in the District or elsewhere.
7-Has not had a real estate license revoked in the District or elsewhere within 3 years prior to the date of application.

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6
Q

How long is the term of RE license?

A

2 years.

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7
Q

What are the continuing education requirements?

A

15 hours, Nine hours mandated by the board, 6 general elective courses.

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8
Q

When are the renewal dates for licensees?

A

1-Feb 28th in odd years for Brokers
2-August 31 in odd years for Salespersons
3-Feb. 28th in odd years for Property Managers

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