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10 Cards in this Set
- Front
- Back
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Number of members on the DC Real Estate Board (DCREB)
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Nine
3 brokers 2 salespersons 2 property managers 1 consumer 1 attorney Must be DC residents with 5 years experience and engaged in practice (except attorney). |
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Term of DCREB Members
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3 year term beginning Feburary 28th.
No more than three 3-year terms. |
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Appointment of DCREB Members
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Appointed by the Mayor and confirmed by the City Council; The Chairman is selected from its members. Mayor may remove.
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Quorum of DCREB
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Five of nine.
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Powers of DCREB
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Determine the scope of practice, licensure and continuing education requirements; hear and decide licensing protests; receive complaints, investigate and discpline.
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Powers of the Mayor
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DCREB provides administrative support for Mayor. Mayor sets fees; issues and renewes licenses, budgets, records...
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Qualifications for Licensure
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18; read and write English; high school graduate; take 60 hour course; have no suspensions in effect; no revocation within the last three years; no fraud within 5 years.
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License Terms
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Salesperson is for two years, starting September 1 in an odd year; Broker starts March 1 in an odd year. 6 months to activate license from passing of exam.
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Continuing Education Requirement
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15 hours for each two year renewal.
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Broker Qualifications
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Two years as salesperson, 135 hours, and exam.
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