Delaware State Broker Real Estate Exam

DE Broker Practice Exam

Our Delaware Broker Real Estate Exam Prep guide will have you quickly prepared for your upcoming Delaware Broker License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Delaware’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

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Delaware License Requirements

Meet an experience requirement by having practiced real estate as a licensee for a continuous period of five (5) years immediately prior to applying for the license and have accrued at least 30 qualified sales transactions within the past five (5) years.
Complete a 99 hour broker’s course accredited by the Delaware Real Estate Commission.
Pass the two part standardized broker licensing examination which is administered by a professional testing service.
Submit the original application distributed by the testing service upon successful completion of the examination to the Commission within one year of the completion of the broker course. The pro-rated license fee payable to the “State of Delaware”, a copy of your broker course certificate, and any other documentation listed on the application must be included with your application in addition to a current original personal credit report from a major credit reporting bureau, and a list of 30 sales transactions made within the last five (5) years certified by the broker of record at the time of the transactions. The format for the list of sales includes the buyers’ and sellers’ names, address of the property, type of property, price, date of settlement, and signature of the broker of record.
Submit an affidavit that the applicant has not engaged in any acts or offenses that would be grounds for discipline pursuant to 24 Del. C., Chapter 29, 2907(a)(4).

Delaware Sample Practice Real Estate Exam Questions and Answers

Delaware State Section

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Question 1

Mortgage "discount" points only apply if which of the following conditions are met?

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The loan does not close and the buyer owes the lender for services rendered
C	The interest rate on the mortgage loan has been lowered by 2% for each point charged
D	The seller has agreed to pay 1% of the closing costs

Question 2

How often is continuing education due?

A	every 3 years.
B	every year.
C	every 4 years.
D	every 2 years.

Question 3

What term means "going to the state?"

A	escheat
B	Police Power
C	Eminent Domain
D	Taxation

Question 3 Explanation:

Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.

Question 4

Which of the following is required for an Delaware applicant to obtain a Real Estate License?

A	Must have Bachelors Degree
B	Must be at least 25 years old
C	Must have lived in the state for 2 years
D	Must sit and pass the exam

Question 5

In what circumstances, if any, can a broker in Delaware who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	Only when both buyer and seller have legal representation
B	None; the broker may only collect compensation from one party to a transaction
C	Only when both buyer and seller give informed consent to this arrangement
D	In most circumstances, except when the buyer and seller are related

Question 6

Does Delaware have Reciprocity states?

A	No
B	Yes

Question 7

In order to obtain a Delaware Real Estate License you must have a high-school diploma or equivalent?

A	False
B	True

Question 8

Is Delaware a community property state?

A	Yes
B	No

Question 9

A Salesperson license fee costs how much?

A	$134
B	$150
C	$120
D	$100

Question 10

A Broker's license fee costs how much?

A	$266
B	$150
C	$210
D	$167

Question 11

The Real Estate License Law is administered by:

A	Delaware Real Estate Commission
B	Judicial Department
C	Delaware Real Estate Department
D	Department of Real Estate

Question 12

In Delaware, who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Seller
B	Agent
C	Lessee
D	Lessor

Question 13

Does Delaware have Dower laws?

A	Yes
B	No

Question 14

Which is NOT necessary for a valid contract?

A	acceptance
B	legal object
C	due date
D	offer

Question 15

Does Delaware have Homestead Laws?

A	No
B	Yes

Question 16

In Delaware, which of the following is a landlord's option for a tenant not paying rent?

A	shut off the power
B	Unlawful detainer action in court
C	lock out the tenant
D	shut off the gas

Question 17

In Delware, how soon can a broker receive a commission check after a closing?

A	When the Seller accepts the offer.
B	Once the Buyers signs the offer sheet.
C	Once the Seller moves out.
D	Once the transaction is completed and funded.

Question 18

In Delaware, standing trees would be considered:

A	Emblements
B	Personal Property
C	Real Property
D	Chattels

Question 19

Does Delaware allow Joint Tenancy or Tenancy by the entirety?

A	Tenancy by the entirety
B	Both
C	Joint Tenancy
D	Neither

Question 20

Which of the following would NOT put a sales person in jeopardy of losing their license in Delaware?

A	Depositing his/her clients escrow money into a personal account
B	Convicted of a felony
C	Placing an ad claiming to be a broker when they are not.
D	Being authorized to accept and excessive commission.

Question 21

How many continuing education hours are required?

A	25
B	12
C	15
D	21

Question 22

Which of the following isn't part of a deed?

A	Acknowledgement
B	Novation
C	Habendum
D	Premises

Question 23

Does Delaware recognize Holographic wills?

A	No
B	Yes

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