 |
D.C. Municipal Regulations (Last Updated: September 13, 2017) |
 |
Title 17. BUSINESS, OCCUPATIONS, AND PROFESSIONALS |
|
Chapter 17-26. REAL ESTATE LICENSES |
Section 17-2602. LICENSURE OF REAL ESTATE SALESPERSONS
-
2602.1Every applicant for a license shall apply for a salesperson license in writing upon an application prescribed and provided by the Board. The applicant shall include a business and a home addresses, which cannot be a post office box, on the application.
2602.2The proper fees and all required documents shall accompany the application at the time of filing. Each application shall be sworn to or affirmed before a notary public.
2602.3Unless the application is based upon waiver or reciprocity pursuant to § 2611 of this chapter, all applicants for licensure as a real estate salesperson shall furnish, at the time of filing an application, evidence of having satisfactorily completed a course of instruction in the Principles and Practices of Real Estate pursuant to § 2606 of this chapter. The course shall consist of a minimum of sixty (60) clock hours and shall be distributed in clock hours, as indicated, among the following subject areas:
A.
Principles of Real Estate
2
B.
Salesperson's Duties and Responsibilities
2
C.
Rules of Agency and Listings
2
D.
Deposits, Escrow, and Recordkeeping
2
E.
Interests and Rights in Real Property
2
F.
Forms of Ownership
2
G.
Forms of Legal Description
1
H.
Real Estate Contracts and the Law
2
I.
Fair Housing/Equal Opportunity in Housing
2
J.
Ethical Practices in Real Estate (National)
1
K.
Code of Ethics - District of Columbia
2
L.
D.C. Real Estate Licensing Laws and Regulations
2
M.
D.C. Law & Common Violations of the Real Estate
Licensure Act of 1982 - Case Studies and Review
1
N.
Regulatory and Consumer Affairs
1
O.
Reciprocity & Dual Licenses (Tri - area issues)
1
P.
Federal & Regional Laws and Practices
2
Q.
The Property Manager
3
R.
Landlord/Tenant Relationship
2
S.
Condominiums, Cooperatives
1
T.
Transfer of Title to Real Property
2
U.
Real Estate Economics and Fiscal Policy
1
V.
Real Estate Financing
4
W.
Real Estate Mathematics
3
X.
Pricing Property and the Appraisal Process
2
Y.
Taxes and Assessments
2
Z.
Real Property Insurance and Investments
1
AA.
Title Insurance and Settlements (no practicum)
3
BB.
Introduction to Commercial Property
1
CC.
Land-Use Control
1
DD.
Securities & Syndication
1
EE.
Residential Construction and Home Inspection
1
FF.
Environmental Issues
2
GG.
Real Estate Office Management
1
HH.
Technology & Real Estate Trends
1
II.
New Home Sales & Marketing
1
Total Required Hours 60
2602.4Unless a waiver is granted pursuant to § 2611 of this chapter an applicant for licensure as a real estate salesperson shall furnish, at the time of filing, a completed application and evidence of having satisfactorily completed an examination, the type and form to be determined by the Board. The applicant must achieve a passing score on the examination of at least 75 percent.
2602.5An applicant for a real estate salesperson's license who has passed the required examination shall submit an application for a license to the Board with the required fees within six (6) months of passing the examination. An applicant who fails to comply with the requirements of this section shall be required to retake and pass the examination.
2602.6An applicant whom the Board determines is eligible for licensure as a real estate salesperson by waiver or reciprocity shall take and pass the D.C. Real Estate Law Examination and a D.C. Fair Housing course approved by the Board.
2602.7 An applicant may satisfy the pre-license education requirements by taking distance learning courses that have been approved by the Commission pursuant to § 2606.14 of this chapter.