Delaware Real Estate Salesperson Exam — All Questions
4 questions
A person who passes the Delaware salesperson examination may begin practicing real estate when:
- a.The applicant joins a trade association
- b.The license is placed with and supervised by a licensed Delaware broker✓
- c.The applicant pays the Guaranty Fund assessment
- d.The exam results are posted
Passing the exam is one step; a Delaware salesperson may conduct licensed activity only after the license is placed with a licensed broker who agrees to supervise the salesperson and accept responsibility for the licensed activity and escrow money. Without an employing broker, the license is not active.
The minimum age for a Delaware associate broker licence applicant is:
- a.Eighteen years
- b.Twenty-one years
- c.Twenty-three years✓
- d.Twenty-five years of age
A salesperson applicant must be at least 18; an applicant for an associate broker licence must be at least 23 years of age, in addition to meeting the experience, financial, education and examination requirements. Cite: 24 Del. C. Sec. 2907(c)(2).
A Delaware salesperson applicant's prelicensing course of instruction must include real estate principles and practices and:
- a.A supervised apprenticeship under a licensed broker
- b.Delaware real estate law✓
- c.A course in appraisal theory approved by the Commission
- d.Forty-five hours of property management instruction
The salesperson applicant must have completed a prescribed prelicensing course of instruction including real estate principles and practices and Delaware real estate law, and must pass a uniform national and state examination. Cite: 24 Del. C. Sec. 2907(b)(3), (4).
In Delaware, a real estate licence is issued to:
- a.The brokerage organisation, which then assigns it to its broker
- b.A corporation or partnership that provides real estate services
- c.Either an individual or a business entity, at the applicant's option
- d.An individual only, never to a brokerage organisation or corporation✓
No brokerage organisation, corporation, partnership or other business entity is licensed under Chapter 29. A brokerage organisation may provide real estate services so long as it has a broker who is responsible for those services. Cite: 24 Del. C. Sec. 2901(c).