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District of Columbia Statutes, Title 42

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District of Columbia/Statutes

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Title 42, Real Property.

57 chapters · 703 sections in this title.

All chapters in Title 42703 Ch 19, Condominiums.77 Ch 35, Rental Housing Generally.69 Ch 34, Rental Housing Conversion and Sale.60 Ch 27, Housing Finance Agency.38 Ch 20, Horizontal Property Regimes.32 Ch 32, Landlord and Tenant.32 Ch 8, Mortgages and Deeds of Trust.26 Ch 5, Estates in Land.23 Ch 10, Powers Relating to Realty.19 Ch 28, Housing Production Trust Fund.19 Ch 31A, Abatement of Nuisance Property.17 Ch 31, Drug-, Firearm-, or Prostitution-Rel…16 Ch 31C, Quick Acquisition of Abandoned and N…16 Ch 11, Recordation Tax on Deeds.15

9 sections·Filtered byTitle 42✕Ch 17✕

D.C. Code § 42-1701 Purposes
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The purposes of this subchapter are to protect the public against incompetence, fraud and deception in real estate transactions; to establish a Real Estate Guaranty and Educational Fund to compensate victims of unlawful real estate practices; and for other purposes.
D.C. Code § 42-1702 Definitions
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For purposes of this subchapter: (1) The term “advance fee” means any fee, commission, or other valuable consideration contracted for, claimed, demanded, charged, received, or collected prior to the listing, advertisement, or offer to sell or lease real estate, paid or offered to…
D.C. Code § 42-1703 Duties of real estate brokers, salespersons, and property managers
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(1) A licensee engaged by a seller shall: (A) Perform in accordance with the terms of the brokerage relationship; (B) Promote the interests of the seller by: (i) Seeking a sale at the price and terms agreed upon in the brokerage relationship or at a price and terms acceptable to …
D.C. Code § 42-1704 Escrow accounts
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(a) In any real estate transaction in which any person is entrusted, receives, and accepts, or otherwise holds or deposits monies or other trust instruments, of whatever kind or nature, pending consummation or termination of the transaction involved, whether or not the person is …

D.C. Code § 42-1705 Written listing contract required

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A written listing contract is required in the District for the sale of all real property. A licensee shall not receive payment of a commission in the absence of a written listing agreement.

D.C. Code § 42-1706 Establishment of Real Estate Guaranty and Education Fund; Mayor to determine sum for deposit into Fund

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(a) There is established a Real Estate Guaranty and Education Fund (“Fund”). (b) Except as provided in § 42-1707(k), on or after March 10, 1983, every real estate broker, real estate salesperson and property manager licensed under this subchapter shall, as a condition for renewin…

D.C. Code § 42-1707 Applications for payments from Fund; maximum payment; management of Fund

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(a) Any person who: (1) obtains a final judgment, including a settlement reduced to a final judgment, in any court of competent jurisdiction in the District against any other person on the grounds of fraud, misrepresentation, deceit, embezzlement, false pretenses, forgery, failur…

D.C. Code § 42-1708 Additional criminal penalties

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(a) Any person who knowingly files with the Mayor any application, notice, or other document required to be filed under this subchapter or any rule issued thereunder, which is false or fraudulent or contains any material misstatement of fact, shall, upon conviction, be punished b…

D.C. Code § 42-1709 Savings clause

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(a) The repeal of any provision of §§ 42-1721 to 42-1738 [repealed], or any rule issued pursuant to this subchapter, shall not affect any act done, or any right accruing or accrued on any liability arising, or any suit or proceeding had or commenced in any civil cause under §§ 42…