Take a free Washington DC Real Estate practice exam online: a full 106-question paper with every answer explained, no sign-up, scored by topic. The full 106-question bank and the timed simulator are $14.99 for 30 days.
Real Estate Salesperson License (DC): a 106-question practice bank for the real Professional Licensing (Real Estate & Insurance) standard, 3 full papers of 106 questions each with no repeats, every question written to the regulation it comes from.
Every question in this bank cites a source -- primarily PSI/NREC Candidate Handbook (66%) and D.C. Official Code (14%) of this exam's citations.
Correct answer: B. Covenants, conditions, and restrictions (CC&Rs)
Correct. CC&Rs are private restrictions recorded against all lots in a subdivision by the developer or a homeowners' association.
Correct answer: B. Eminent domain
Correct. Eminent domain allows government to take private property for public use upon payment of just compensation.
Correct answer: B. Private controls on property use
Correct. Condominium declarations and association bylaws are private controls created by owners/developers, not government.
Correct answer: B. Sales comparison approach
Correct. The sales comparison approach relies on adjusted recent sales of comparable properties.
Correct answer: B. A new, special-purpose building with no comparable sales
Correct. The cost approach works best for newer or special-purpose properties lacking sales or income data.