DC Exam Prep Flashcards by Rena Champaco

An airline pilot told a broker about some friends who were looking for a new home. The broker contacted the friends and eventually sold them a house. When may the broker pay the airline pilot for this valuable lead?

In the District of Columbia (DC), the broker may not pay the airline pilot for the valuable lead if the pilot is not a licensed real estate salesperson or broker. It is illegal to pay an unlicensed person for a real estate referral in DC.

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What is the expiration date of every Salesperson’s license in the District of Columbia?

August 31 of each odd-numbered year

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A salesperson engaged in activities that Constitute violations of the District of Columbia Human rights act, including blockbusting and discrimination on the basis of disability. The salesperson also cashed a $25,000 earnest Money check from a prospective buyer and used the proceeds to buy a new car. The Salesperson’s employing broker was unaware of All these activities. What is the impact on the Salesperson’s broker when the salesperson’s Violations are brought to the attention of the Real Estate Board?

The employing broker will not likely have his or her license revoked as a result of the salesperson’s violations

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DC Real Estate Law is created by

The City Council and is enforced by the DCREC

The Council is made up of 13 members, who are elected to four-year terms.

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Commission consists of how many members?

9 members

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Commission members are appointed by the?

Mayor with the advice and consent of the DC City Council

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Goal of the Commission

To protect the public from incompetent and fraudulent practices

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Commission member consists of?

3 Brokers,
2 Salespersons,
2 Property Managers,
1 Real Estate Attorney,
1 Consumer Member

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Commission Member Terms

3 year terms; maximum 3 consecutive terms

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Commission Member Qualifications

-Must reside in DC for 1 year prior to appointment and remain resident during the term
-Industry members must have 5 years experience
-No Compensation but are reimbursed for expenses

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Commission Member Qualifications

1 Must be a resident of the District of Columbia throughout their tenure on the Commission.
2. (3) members must each hold a Broker’s license.
3. (2) members must hold a Salesperson’s license.
4. (2) members must hold a Property Manager’s license.
5. (1) member must be a licensed attorney.
6. (1) member must be a consumer member who does not hold a real estate license.

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DC Real Estate Law is created by

The City Council and is enforced by the DCREC

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Goal of the Commission

To protect the public from incompetent and fraudulent practices

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True or False: The failure of a member to attend at least half of the regularly scheduled meetings of the DCREC board within a 12-month period constitutes neglect of duty.

True. According to DC real estate law, the failure of a member to attend at least half of the regularly scheduled meetings of the DCREC board within a 12-month period constitutes neglect of duty.

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What is the maximum payout of the Guaranty and Education Fund in DC, regardless of how many claimants?

Regardless of the number of claimants, the maximum payout from the Guaranty and Education Fund in DC is $50,000.

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According to DC Law 11, which of the following is NOT an additional protected class? Personal appearance.

Personal appearance is not an additional protected class under DC Law 11, but it is a protected class under the DC Human Rights Act.
The other choices, age, marital status, and sexual orientation, are all protected classes under DC Law 11, but they are not additional protected classes.

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In DC, how many days’ notice must be given for a demolition?

180 days

In the District of Columbia, the owner of a property must give 180 days’ notice to tenants before demolishing a building. This notice is required by the District of Columbia Housing and Community Development (DHCD) and is intended to give tenants time to find new housing.

The notice must be in writing and must be served on the tenant in person or by certified mail.

How long is a DC real estate license considered inactive before it expires?

Up to 5 years

What is the passing score on the DC real estate salesperson exam?

75%

If an escrow account is held for 90 days or more in DC, when does it start earning interest?

A) From the date the account is opened

B) From the 60th day

C) From the 91st day

D) From the date the transaction is consummated or terminated

91st day

An escrow account will start earning interest after 90 days. So, if an escrow account is held for 89 days or less, it will not earn any interest. However, if the escrow account is held for 90 days or more, it will start earning interest from the 91st day onwards.

What are the minimum and maximum amounts for the Guaranty Fund in DC?

Minimum: $1,040,000, Maximum: $3,500,000-$5,000,000

What is the composition of the Commission member in DC?

3 Brokers,
2 Salespersons,
2 Property Managers,
1 Real Estate Attorney, 1 Consumer Member

How does the DC Real Estate Commission notify license holders of the renewal of their license?

Regular Mail

The DC Real Estate Commission notifies license holders of the renewal of their license primarily through regular mail.

What is the time limit for a licensee to complete and submit continuing education requirements if their license expires?

60 days

Where should claims for discriminatory acts be filed in DC?

DC Office of Human Rights

What is the maximum number of consecutive terms a Commission member can serve?

3 terms A Commission member can serve a maximum of 3 consecutive terms.

Which classes are included in the additional protected classes under DC Law 11? A) Age, Marital Status, Personal Appearance B) Sexual Orientation, Family Responsibilities, Victim of Domestic Violence C) Matriculation, Political Affiliation, Source of Income D) Place of Residence or Business, Gender Identity or Expression

C) Matriculation, Political Affiliation, Source of Income DC Law 11, also known as the Human Rights Act of 1977, prohibits discrimination on the basis of race, color, religion, national origin, sex, sexual orientation, familial status, and disability. It also includes three additional protected classes: matriculation, political affiliation, and source of income. Matriculation: This refers to the state of being enrolled in a college, university, or other educational institution. Political affiliation: This refers to a person's political beliefs or party affiliation. Source of income: This refers to the way in which a person earns their living, such as through employment, self-employment, or government benefits.

Who is responsible for providing relocation assistance for tenants in DC? A) The DC Office of Human Rights B) The DC City Council C) The Mayor D) The Home Builders Association

C) The Mayor

Property manager asks a rental applicant are you a democrat or republican, this is a violation of what:

DC human rights act

DC Human Rights Act

1. Personal Appearance 2. Political Affiliation 3. Matriculation (College Students) The Human Rights Act provides that a person may not be discriminated against based on the individual’s

DC Human Rights Act PERSONAL APPEARANCE is a protected trait in the DC Human Rights Act and is applicable to all four areas of OHR’s enforcement: (1) employment, (2) public accommodations, (3) housing, and (4) educational institutions.

PERSONAL APPEARANCE means a person’s outward appearance, regardless of sex, which includes an individual’s bodily condition (including deformities) or characteristics, manner or style of dress, and manner or style of personal grooming, including hair style and beards.

DC Human Rights Act POLITICAL AFFILIATION is a protected trait in the DC Human Rights Act and is applicable to all four areas of OHR’s enforcement: (1) employment, (2) public accommodations, (3) housing, and (4) educational institutions.

POLITICAL AFFILIATION means the state of belonging to or endorsing a political party. See D.C. Code § 2-1401.02(25). Political party, in turn, means a national political party, a State political party, or an affiliated organization that is regulated by the District.1 A political party is not a special interest group that may have a political message.

DC Human Rights Act MATRICULATION is a trait protected in three areas: (1) Employment, (2) Public Accommodations, and (3) Housing.

MATRICULATION means the condition of being enrolled in a college, university, an adult education program, or a secondary education program. See D.C. Code § 2-1401.02(18). Secondary education programs include business, nursing, professional, secretarial, technical, and vocational schools.

If a real estate broker maintains more than one place of business within the District, a duplicate license shall be issued to the broker for each office upon payment of the required fee. A copy of the license must be posted within each office.

Whenever a real estate broker changes the location of his or her principal place of business, or discontinues his or her business, he or she shall notify?

The Mayor within 15 days of the event, in writing, and return to the Mayor his or her license together with the licenses of all real estate salespersons employed by him or her.

The Mayor shall issue a new license to the broker upon payment of the required fee. A salesperson shall be issued a new license upon reemployment and payment of the required fees.

Failure to notify the Mayor or to return the license as required by this section will result in immediate suspension of the license until the real estate broker has complied with the provisions of this section.

Exemptions from licensure requirement

Receivers, referees, administrators, executors, guardians, conservators, trustees, or other persons appointed or acting under the judgment or order of any court while acting in that capacity, or attorneys-at-law in the ordinary practice of their profession, but these persons shall not be regularly engaged in the real estate business and shall not hold themselves out as real estate brokers, salespersons or property managers;

A person licensed as a real estate broker may, upon written request to the Mayor, change his or her status from that of a real estate broker to that of a member, partner, trustee, or officer of a firm, franchise, partnership, association, or corporation, or to that of an associate real estate broker with a corporation, for any unexpired portion of his or her licensure term, upon the payment of the requisite fees required pursuant to this subchapter.

Any broker who wishes to change his or her status to that of an associate real estate broker shall notify the Board of Real Estate by certified mail.

Whenever a real estate broker’s license has been suspended or revoked pursuant to this subchapter, all real estate salespersons employed by that real estate broker must?

Mail their licenses to the Mayor within 15 days of the revocation or suspension.

When a real estate salesperson is discharged or terminates his or her employment with a licensee, the licensee, within 15 calendar days, shall mail notification to the former employee that his or her license has been mailed to the Mayor.

A copy of the notice to the real estate salesperson shall accompany the license when it is mailed to the Mayor.