District of Columbia (DC) Real Estate Commission Practice Test

The real estate commission administers the DC Real Estate Guaranty and Education Fund. This fund is designed to provide financial protection to consumers in real estate transactions and to support educational programs for real estate professionals. By having the real estate commission in charge, it ensures that the fund is managed by those who are knowledgeable about the industry, regulations, and the needs of both consumers and licensed real estate professionals. This oversight helps maintain the quality and integrity of real estate practices in the District of Columbia.

In contrast, the other options do not possess the specialized focus or mandate related to real estate operations necessary for the effective administration of this fund. The district secretary of education and the district treasurer, while vital to their respective areas, do not have the expertise or direct involvement in real estate matters that the real estate commission possesses. The mayor may have overarching authority in governance, but the responsibility of managing the education and guaranty fund specifically falls under the jurisdiction of the dedicated real estate commission.