US Real Estate District Of Columbia Test 2

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Real Estate — District Of Columbia Professional (Real Estate, USA) USA — District Of Columbia State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — District Of Columbia.
For adults preparing for Real Estate license in the USA
Section: Real Estate — District Of Columbia · Education: Professional (Adult) · Part: Real Estate — District Of Columbia · Country: USA · Region: USA — District Of Columbia

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

Agents in District of Columbia answer to which agency?

A) FBI

B) State Senate

C) District of Columbia Real Estate Commission

D) City Council

Question 2

What is a fiduciary duty?

A) secrecy from client

B) dual profit

C) loyalty, obedience, care to client

D) profit first

Question 3

What is agency in real estate?

A) broker acting for a client

B) zoning

C) tenancy

D) ownership

Question 4

What is a listing agreement?

A) lease

B) purchase offer

C) contract to sell a property

D) deed

Question 5

What is dual agency?

A) one broker representing both sides

B) two brokers

C) no representation

D) buyer only

Question 6

What is the Fair Housing Act?

A) tax law

B) bans housing discrimination

C) zoning code

D) building code

Question 7

What classes are protected in housing?

A) race, color, religion, sex, handicap, family, national origin

B) age only

C) politics

D) income

Question 8

What is redlining?

A) illegal denial by neighborhood

B) appraising

C) surveying

D) mapping

Question 9

What is steering?

A) negotiating

B) advertising

C) showing homes

D) guiding buyers by race (illegal)

Question 10

What is a CMA?

A) appraisal

B) comparative market analysis

C) survey

D) inspection

Question 11

What is an appraisal?

A) inspection

B) listing

C) offer

D) professional value opinion

Question 12

What are the three appraisal approaches?

A) sales comparison, cost, income

B) offer, accept, record

C) show, stage, sell

D) list, sell, close

Question 13

What is PITI?

A) principal, interest, taxes, insurance

B) a deed

C) a loan type

D) a tax

Question 14

What is LTV?

A) land title verification

B) lease term value

C) listing traffic volume

D) loan-to-value ratio

Question 15

What is PMI?

A) insurance for low down payments

B) title insurance

C) property tax

D) flood insurance

Question 16

What is escrow?

A) neutral third-party holding

B) tax

C) down payment

D) commission

Question 17

What is a deed?

A) loan paper

B) ownership transfer document

C) offer

D) lease

Question 18

What is a warranty deed?

A) quitclaim

B) lease

C) option

D) guarantees clear title

Question 19

What is a quitclaim deed?

A) loan

B) full warranty

C) transfers whatever interest exists

D) lease

Question 20

What is title insurance?

A) flood policy

B) protects against title defects

C) life insurance

D) home warranty

US Real Estate District Of Columbia Test 2

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