Washington D.C. Law Quiz

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  1. Under the District of Columbia's Agency laws:
    1. Only the broker can be a Dual Representative.
    2. The listing agent can help both the buyer an seller in their negotiations.
    3. If one licensee represents a buyer, and another licensee in the same firm represents the seller in the same transaction, then only the broker would be a Dual Representative.
    4. A salesperson who represents both the buyer and seller in the same transaction is called a Designated Representative.

 

 

 

 

 

 

 

 

 

 

CORRECT!

  1. Which of the following forms must be attached to a sales contract or lease when Dual Agency occurs on a D.C. transaction?
    1. Disclosure of Brokerage Relationship
    2. Consent for Dual Representation and Designated Representation in the District of Columbia
    3. Consent for Dual Agency
    4. Disclosure/Confirmation of Dual Representation and/or Designated Representation

 

 

 

 

 

 

 

 

 

 

RIGHT!!

  1. All of the following groups are protected under D.C.'s fair housing laws, except :
    1. Creed.
    2. Family responsibilities.
    3. Gender identity and expression.
    4. Genetic information.

 

 

 

 

 

 

 

 

 

 

FANTASTIC!!!

  1. All of the following are exempt from licensure requirement except:
    1. An attorney-at-law regularly engaged in the business of real estate.
    2. An executor of a will.
    3. A trustee.
    4. A receiver.

 

 

 

 

 

 

 

 

 

 

COOL!!

  1. A licensee representing a seller must:
    1. Present all written offers in a timely manner, even when the property is already subject to a contract of sale.
    2. Follow all the instructions of the seller.
    3. Never have a contract to represent a buyer.
    4. None of the above.

 

 

 

 

 

 

 

 

 

 

CORRECT!

  1. Which of the following groups of people is protected under D.C.'s fair housing laws?
    1. Matriculation.
    2. Place of business.
    3. Age.
    4. All of the above.

 

 

 

 

 

 

 

 

 

 

MUY BIEN!

  1. Washington, D.C.'s fair housing laws prohibit discrimination based on:
    1. Political affiliation.
    2. Personal appearance.
    3. Sexual orientation.
    4. All of the above.

 

 

 

 

 

 

 

 

 

 

CORRECT!

  1. Which of the following statements is true?
    1. If a seller fills out a property Disclaimer, they do not have to disclose any problems with the property.
    2. There is no property Disclosure requirement in Washington, D.C.
    3. If a seller signs a property Disclaimer, they must still fill out a property Disclosure.
    4. There is no option to disclaim in Washington, D.C.

 

 

 

 

 

 

 

 

 

 

RIGHT!!

  1. An agent is working with a buyer who has seen a house he loves, but is not for sale. The agent contacts the homeowners and tells them that they should sell their house because minorities moving into the neighborhood are bringing down property values, and they could lose a lot of money if they stay there. The agent is guilty of:
    1. Blockbusting.
    2. Steering.
    3. Redlining.
    4. Nothing. This is an acceptable business practice.

 

 

 

 

 

 

 

 

 

 

FANTASTIC!!!

  1. A salesperson may accept a commission from:
    1. The broker with whom they are affiliated as a licensee.
    2. A cooperating broker.
    3. A seller.
    4. All of the above.

 

 

 

 

 

 

 

 

 

 

COOL!!

  1. A broker or salesperson may be subject for a fine of up to $2500 for all of the following except:
    1. Making a substantial misrepresentation.
    2. Demonstrating unworthiness or incompetency to act as a real estate broker so as to endanger the public interest.
    3. Charging a 25% percent commission.
    4. Using a trade name from an organization of which the licensee is not a member.

 

 

 

 

 

 

 

 

 

 

YOU’VE BEEN STUDYING!

  1. If a broker changes his or her principal place of business:
    1. The broker must notify the D.C. Real Estate Board within 10 days of the move.
    2. The broker must notify the Mayor within 15 days of the move.
    3. The broker must notify the Mayor and the Real Estate Board, or face a thirty day suspension of his or her license.
    4. The broker must notify the Mayor within 10 days of the event, in writing, and return to the Mayor his or her license along with the licenses of all the salespersons employed by him or her.

 

 

 

 

 

 

 

 

 

 

MUY BIEN!

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