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DC Real Estate Exam
| Question | Answer |
|---|---|
| Number of Members in the DC Real Estate Board Total | 9 |
| Number of Brokers in the DREB | 3 |
| Number of Salespersons in the DCREB | 2 |
| Number of Consumers in the DCREB | 1 |
| Number of Attorneys in the DCREB | 1 |
| Number of Property Managers | 2 |
| Requirements for ALL Members of the DCREB | DC resident for at least a year prior to appointment DC resident at the time & during term |
| Quorum of DCREB | 5/9 |
| Powers/Duties of DCREB | Determine the scope of practice, licensure & continuing education requirements, hear and decide licensing protests, receive complaints, investigate & discipline |
| DCREB members are appointed by | The Mayor |
| DCREB members are confirmed by | The City Council |
| The Chairman of the DCREB is selected by | the members, the mayor may remove |
| Powers of the Mayor over the DCREB | The DCREB provides administrative support for the Mayor. Mayors sets fees; issues & renews licenses, budgets & records |
| Qualification for a DC Real Estate License | - 18 - Read & write English - Have no suspensions in effect - No license revocation within the last 3 years - No Fraud within the last 5 years |
| Real Estate Sales Person License Term Length | 2 years from September 1 in odd year |
| How long to activate Real Estate Sales Person & Brokers License from passing exam | 6 Months |
| Brokers License Term Length | 2 years from March 1 in an odd year |
| Continuing Education Hours required for Salesperson & Broker | 15 hours for each 2 year renewal |
| Qualification for a Brokers License | 2 years as Salesperson 135 hour class Pass exam |
| DC Fiscal Year | October 1 - September 30 |
| DC Tax Year | July 1 - June 30 |
| When are taxes paid? | March & September |
| Professional Members of the DCREB Requirements | - Licensed in DC - Must be engaged in their practice for 3 years before being appointed - Must be actively engaged in their field for at least 5 years & remain active during term |
| Consumer Members of the DCREB Requirments | - 18 - Not currently prac. or training to be come one of the professions surpervised by that board - not have a household member training or currently one the board surpsersvived professions - Not own, operate or be employed in one of those profe |
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Navid1224