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DC Real Estate Exam || Already Passed!!
Online disclosures must include: correct answers Firm's licensed name, city/state of main office, jurisdiction(s) in which the firm holds a license. Commission related violations may be subject to disciplinary action and fines up to ____ per violation. correct answers $2,500 Electronic documents are permissible per the _____ correct answers Uniform Electronic Transactions (UET) Difference between conversion and commingling? correct answers Conversion: illegally using money received. C...
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- Exam (elaborations)
- • 5 pages •
Online disclosures must include: correct answers Firm's licensed name, city/state of main office, jurisdiction(s) in which the firm holds a license. Commission related violations may be subject to disciplinary action and fines up to ____ per violation. correct answers $2,500 Electronic documents are permissible per the _____ correct answers Uniform Electronic Transactions (UET) Difference between conversion and commingling? correct answers Conversion: illegally using money received. C...
Chapter 33 - DC Real Estate Licensing Laws and Regulations || Questions with verified answers.
Law correct answers is the body of rules and principles that every member of society must follow. It is a collection of norms and rules that allow, mandate, or forbid conduct by both people and organizations. The system is designed to promote safety, equity, equality, and the general welfare of all its members. Without laws, society would be in chaos and anarchy would prevail. For this reason, society has designed a complex set of laws that set guidelines for personal and business conduct. I...
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- Exam (elaborations)
- • 25 pages •
Law correct answers is the body of rules and principles that every member of society must follow. It is a collection of norms and rules that allow, mandate, or forbid conduct by both people and organizations. The system is designed to promote safety, equity, equality, and the general welfare of all its members. Without laws, society would be in chaos and anarchy would prevail. For this reason, society has designed a complex set of laws that set guidelines for personal and business conduct. I...
DC Real Estate Law || Well-Enlightened.
Real estate law in DC is created by___________and enforced by_____________ correct answers City Council; DC Real Estate Commission The DC Real Estate Commission is part of the________________________ correct answers DC Department of Consumer and Regulatory Affairs DCREC... correct answers creates the rules and regulations concerning real property and land interests including condos, co-ops, leases and time shares The DC Real Estate Commission has the authority to (3 things) correct answ...
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- Exam (elaborations)
- • 9 pages •
Real estate law in DC is created by___________and enforced by_____________ correct answers City Council; DC Real Estate Commission The DC Real Estate Commission is part of the________________________ correct answers DC Department of Consumer and Regulatory Affairs DCREC... correct answers creates the rules and regulations concerning real property and land interests including condos, co-ops, leases and time shares The DC Real Estate Commission has the authority to (3 things) correct answ...
DC RE State Exam (Review 1) 100% Verified answers.
Relationship of parties correct answers When a dispute occurs, courts tend to favor tenants and buyers over landlords and sellers. What does obtaining a survey do correct answers Obtaining a survey will clearly define the property and its boundaries and will reveal any potential issues related to those boundaries. lot and block correct answers Provides plat references In a real estate transaction in which you represent the seller, your duty to other parties is to ______. Be honest ...
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- Exam (elaborations)
- • 37 pages •
Relationship of parties correct answers When a dispute occurs, courts tend to favor tenants and buyers over landlords and sellers. What does obtaining a survey do correct answers Obtaining a survey will clearly define the property and its boundaries and will reveal any potential issues related to those boundaries. lot and block correct answers Provides plat references In a real estate transaction in which you represent the seller, your duty to other parties is to ______. Be honest ...
Real Estate: DC (With complete solutions)
How many hours does a licensee have to complete every two year? correct answers 15 hours Complainants who wish to may bypass HUD and file a civil suit in a federal district court have to do so in what time period? correct answers Complainants have one year of the alleged violation. If a complaint has been filed with HUD, the deadline for a civil suit Online advertising that contains the licensee's name must also include what additional information? correct answers It must the name of the ...
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- Exam (elaborations)
- • 3 pages •
How many hours does a licensee have to complete every two year? correct answers 15 hours Complainants who wish to may bypass HUD and file a civil suit in a federal district court have to do so in what time period? correct answers Complainants have one year of the alleged violation. If a complaint has been filed with HUD, the deadline for a civil suit Online advertising that contains the licensee's name must also include what additional information? correct answers It must the name of the ...
DC Real Estate Law || With error-free answers.
Purpose of the DC Real Estate Commission correct answers To protect the public from incompetent and fraudulent practices Commission Members correct answers 9 members. 3 real estate brokers. 2 salespersons. 2 Property Managers. 1 attorney. 1 consumer member. Commission terms correct answers 3 years. Max of 3 consecutive 3 year terms commission membership Requirements correct answers Active license in DC. Actively engaged in their field at least for the 5 years prior to appointment a...
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- Exam (elaborations)
- • 4 pages •
Purpose of the DC Real Estate Commission correct answers To protect the public from incompetent and fraudulent practices Commission Members correct answers 9 members. 3 real estate brokers. 2 salespersons. 2 Property Managers. 1 attorney. 1 consumer member. Commission terms correct answers 3 years. Max of 3 consecutive 3 year terms commission membership Requirements correct answers Active license in DC. Actively engaged in their field at least for the 5 years prior to appointment a...
DC Real estate exam 2.1 || 100%correct answers.
Based on DC's statutory reasons for eviction, for which of the following reasons can Don's landlord evict him from the house that Don rents? correct answers Don's landlord sold the house to Jeanette, who intends to live in it. What is a primary factor a lender reviews when determining if a borrower is a good credit risk? correct answers Buyer's income A DC licensee whose license has been inactive may reinstate the license if certain conditions have been met. Reinstatement must be reque...
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- Exam (elaborations)
- • 10 pages •
Based on DC's statutory reasons for eviction, for which of the following reasons can Don's landlord evict him from the house that Don rents? correct answers Don's landlord sold the house to Jeanette, who intends to live in it. What is a primary factor a lender reviews when determining if a borrower is a good credit risk? correct answers Buyer's income A DC licensee whose license has been inactive may reinstate the license if certain conditions have been met. Reinstatement must be reque...
DC Real Estate (Questions with accurate answers)
Minimum and Maximum Balance of the Guaranty & Education Fund correct answers $1,040,000 $5,000,000 The certificate filed with the Real Estate Commission to license a real estate partnership must contain all of the following correct answers The names of the partners, The residence address of all partners The percentage of each partners ownership Misreprentation of a material fact which results in a loss is correct answers fraud If you do not agree with a penalty imposed by the DC Real...
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- Exam (elaborations)
- • 4 pages •
Minimum and Maximum Balance of the Guaranty & Education Fund correct answers $1,040,000 $5,000,000 The certificate filed with the Real Estate Commission to license a real estate partnership must contain all of the following correct answers The names of the partners, The residence address of all partners The percentage of each partners ownership Misreprentation of a material fact which results in a loss is correct answers fraud If you do not agree with a penalty imposed by the DC Real...
DC Real Estate Law (Questions with 100% correct solutions)
District of Columbia Licensure Act was enacted by? correct answers The City Council as an exercise of the police powers of the city. The Purpose of the DC Licensure Act is? correct answers To protect the public interest against incompetence. In addition to the usual definition, Real Estate in DC includes? correct answers 1. Condominiums 2. Leaseholds 3. Timeshare 4. Government owned property, and 5. Cooperative apartments. How is the DC Licensure Act implemented? correct answers The...
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- Exam (elaborations)
- • 19 pages •
District of Columbia Licensure Act was enacted by? correct answers The City Council as an exercise of the police powers of the city. The Purpose of the DC Licensure Act is? correct answers To protect the public interest against incompetence. In addition to the usual definition, Real Estate in DC includes? correct answers 1. Condominiums 2. Leaseholds 3. Timeshare 4. Government owned property, and 5. Cooperative apartments. How is the DC Licensure Act implemented? correct answers The...
DC Broker Exam || Questions with 100% correct solutions.
Chinese drywall is a problem because: correct answers defective material that emitted sulfurous gases and volatile chemicals. The Real Estate Board correct answers In the District of Columbia, the real estate license law is administered by By the Mayor correct answers How are the members of the Real Estate Board selected? The Real Estate Board has the authority to correct answers make and enforce the rules by which all real estate licensees must abide The Real Estate Board may undert...
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- Exam (elaborations)
- • 39 pages •
Chinese drywall is a problem because: correct answers defective material that emitted sulfurous gases and volatile chemicals. The Real Estate Board correct answers In the District of Columbia, the real estate license law is administered by By the Mayor correct answers How are the members of the Real Estate Board selected? The Real Estate Board has the authority to correct answers make and enforce the rules by which all real estate licensees must abide The Real Estate Board may undert...
ALA Lighting Specialist (Possible questions with complete solutions; 100% verified)
Astronomy 1010 Clemson Final Exam 2023; A+ GRADED
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Nurs 172 - Exam 4 (Guaranteed Pass!)
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