DC Real Estate case studies
DC Real Estate · Put your knowledge to work in context.
The DC Real Estate Salesperson Examination - also referred to as the District of Columbia Real Estate Licensing Examination - is the credentialing test that candidates must pass as one step toward becoming licensed to practice real estate in the District of Columbia. It is meant for people entering the field for the first time as salespersons or associate brokers, and for licensees whose advancement toward a broker credential runs through the same testing structure. The DC Real Estate case studies are 5 cases and about 4,001 words.
1The Seller's Divorce and the Buyer Who Called Directly
Ana is the listing licensee for a one-bedroom condo at 1420 Belmont St NW, listed at 525,000. Her brokerage, Meridian Realty, also represents buyer Marcus under a written buyer-broker agreement signed by a different Meridian licensee.
814 words, about 4 min2The Unlicensed Nephew on a Six-Person Team
Devon leads a six-person team affiliated with a DC brokerage. His licensed assistant quit, so he brings in his nephew Ray, who finished the DC licensing course but has not sat for the exam and holds no license.
760 words, about 4 min3The Six-Unit Building, the Cash Buyer, and the Tenant Association
Priya lists a six-unit apartment building at 3312 Sherman Ave NW for 1.85 million. The seller is a small LLC that wants a 21-day cash closing.
828 words, about 4 min4"No Vouchers, No Kids, and Ideal for Young Professionals"
Separately, Kim's new buyer client says she wants a "safe neighborhood, not too many rentals," and Kim has been showing her homes in only two census tracts. Identify every legal problem in the rental side of this file and the legal basis for each.
818 words, about 4 min5The $612,000 Condo and the $1,365 Gap
Buyer Dana is under contract on a condo at 1301 V St NW for 612,000, closing February 18. Terms: 20% down, 30-year conventional, 1 origination point, estimated closing costs other than points 14,200, prepaids and reserves 6,300 (which includes the 2-month reserve requirement of 1,700), seller concession negotiated at 9,000 with a contract cap of 3% of price, and 15,000 earnest money already deposited from Dana's funds and separate from what remains.
781 words, about 4 min