DC Broker State Exam Prep (Compcu)

Question 1

The Real Estate Commission’s jurisdiction and authority to award damages to an aggrieved party pursuant to D.C. law is limited to?

Answer 1

Compensatory Damages

Question 2

Every hearing authorized by this chapter and held before the Commission shall be?

Answer 2

Open to the public

Question 3

A licensee can appeal a Commission ruling based on

Answer 3

mistake in the procedure

Question 4

How often must the Real Estate Commission meet?

Answer 4

Once each month

Question 5

In any disciplinary hearing before the Commission which involves any licensee who has allegedly violated any provision of this chapter or commission regulations, the commission shall first?

Answer 5

Notify the licensee that they are in violation

Question 6

Before any actions are taken when a complaint is filed the Commission first seeks to determine if a violation has

Answer 6

Occurred

Question 7

The purpose of the Real Estate Recovery Fund is to?

Answer 7

To protect the public

Question 8

The Commission shall issue its final decision, in writing, no later than how long after the hearing?

Answer 8

60 days

Question 9

The Commission shall issue its final decision, in writing, no later than how long after the hearing?

Answer 9

90 days

Question 10

What is the maximum fine issued as a civil penalty by the District of Columbia Real Estate Commission?

Answer 10

$5,000

Question 11

What is the maximum fine issued as a civil penalty by the District of Columbia Real Estate Commission?

Answer 11

$5,000

The DC Real Estate Commission can fine up to $5000 per violation of license law.

Question 12

If the District of Columbia Real Estate Commission believes the licensee has violated the law where would they file for an injunction to keep the licensee from further violating the law?

Answer 12

District court in the county that the licensee lives in.

To prevent the licensee from further violating license law the District of Columbia Real Estate Commission will ask a court for an injunction. They file in the county where the licensee lives.

Question 13

In the event a person shall have been served with a subpoena as herein provided and fails to comply therewith, the commission may?

Answer 13

Recommend disciplinary action

Question 14

Earnest money

Answer 14

A licensee is required to deposit funds within 7 calendar days of the consummation of a contract.

Question 15

If the District of Columbia Real Estate Commission believes the licensee has violated the law where would they file for an injunction to keep the licensee from further violating the law?

Answer 15

The district court where the violation occurred
or ***?District court in the county that the licensee lives in.

To prevent the licensee from further violating license law the District of Columbia Real Estate Commission will ask a court for an injunction. The district court where the violation occurred

Question 15

The Real Estate Commission meets once a month but can only conduct matters if they have a quorum of at least 5.

Answer 15

The Real Estate Commission meets once a month but can only conduct matters if they have a quorum of at least 5.

Question 16

An applicant for a brokers, salespersons, associate broker, or a property manager license in addition to the set fee will pay $60.00 into the Real Estate Guaranty and education fund.

Answer 16

An applicant for a brokers, salespersons, associate broker, or a property manager license in addition to the set fee will pay $60.00 into the Real Estate Guaranty and education fund.

Question 17

Records kept by the Department on behalf of the Commission under the authority of the law shall be open to the public pursuant to the D.C. Freedom of information Act.

Answer 17

Records kept by the Department on behalf of the Commission under the authority of the law shall be open to the public pursuant to the D.C. Freedom of information Act.

Question 17

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Answer 17

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Question 18

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Answer 18

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Question 19

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Answer 19

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Question 19

A licensee for filing fraudulent documents can receive a fine of up to $3,000 and one year in prison.

Answer 19

A licensee for filing fraudulent documents can receive a fine of up to $3,000 and one year in prison.

Question 19

The members of the Commission are under the administrative control of the Mayor.

Answer 19

The members of the Commission are under the administrative control of the Mayor.

Question 20

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Answer 20

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Question 21

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.

Answer 21

The Chairperson of the D.C. Real Estate Commission is elected by the members of the Commission.