Delaware Real Estate Salesperson Exam — All Questions

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1 questions

Real Estate Practice in Delaware

Escrow money a Delaware salesperson receives from a buyer must be:

  • a.Delivered promptly to the employing broker for deposit in the broker's escrow account✓
  • b.Held by the salesperson until closing
  • c.Deposited in the salesperson's personal account
  • d.Paid directly to the seller with the offer

Escrow and trust money must be handled through the broker's escrow account and kept separate from personal and operating funds. A salesperson who receives escrow money must deliver it promptly to the employing broker. Commingling or converting escrow money is a serious violation of Delaware license law.

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