DC Real Estate Law Study guides, Class notes & Summaries

DC Real Estate Law is created by correct answers The City Council and is enforced by the DCREC Commission consists of how many members? correct answers 9 members Commission members are appointed by the? correct answers Mayor with the advice and consent of the DC City Council Goal of the Commission correct answers To protect the public from incompetent and fraudulent practices Commission member consists of? correct answers 3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate ...

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...

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...

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 Real Estate Law Questions and Answers Rated A+ DC Real Estate Law is created by The City Council and is enforced by the DCREC Commission consists of how many members? 9 members Commission members are appointed by the? Mayor with the advice and consent of the DC City Council Goal of the Commission To protect the public from incompetent and fraudulent practices Commission member consists of? 3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate Attorney, 1 Consumer M...

DC Real Estate Law Latest Update with Verified Solutions Purpose of the DC Real Estate Commission To protect the public from incompetent and fraudulent practices Commission Members 9 members. 3 real estate brokers. 2 salespersons. 2 Property Managers. 1 attorney. 1 consumer member. Commission terms 3 years. Max of 3 consecutive 3 year terms commission membership Requirements Active license in DC. Actively engaged in their field at least for the 5 years prior to appointm...

DC Real Estate Law Latest Update Graded A+ DC Real Estate Law is created by The City Council and is enforced by the DCREC Commission consists of how many members? 9 members Commission members are appointed by the? Mayor with the advice and consent of the DC City Council Goal of the Commission To protect the public from incompetent and fraudulent practices Commission member consists of? 3 Brokers, 2 Salespersons, 2 Property Managers, 1 Real Estate Attorney, 1 Consumer Member ...

DC Real Estate Law quiz 1 Latest Update 100% Pass A broker's license could be revoked for which of the following? Quoting a price below the listed price to a prospective purchaser. Members of the Real Estate Commission include: 2 licensed salespersons with at least 5 years experience One day after an exclusive right-to-sell listing agreement has expired, a salesperson who works for the listing broker buys the property. Which of the following is true in this situation? This is pr...