Delaware Real Estate Exam Prep

DE Salesperson Practice Exam

Our Delaware Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson 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

Complete a 99 hour prelicensing course accredited by the Delaware Real Estate Commission.
Pass the two-part standardized salesperson licensing examination. Following completion of the course, one is eligible to sit a maximum of three times for the two part standardized licensing examination administered by aprofessional 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 prelicensing course. The pro-rated license fee and the Guaranty Fund fee of $25.00 payable to the “State of Delaware”, a copy of your prelicensing course certificate, and any other documentation listed on the application must be included with your application.
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, section 2907(a)(4).

Delaware Sample Practice Real Estate Exam Questions and Answers

Delaware State Section

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Question 1

Does Delaware recognize Holographic wills?

A	Yes
B	No

Question 2

Which is NOT necessary for a valid contract?

A	offer
B	acceptance
C	due date
D	legal object

Question 3

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

Question 4

A Broker's license fee costs how much?

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

Question 5

A Salesperson license fee costs how much?

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

Question 6

How often is continuing education due?

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

Question 7

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

A	Agent
B	Lessor
C	Seller
D	Lessee

Question 8

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

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

Question 9

Does Delaware have Reciprocity states?

A	No
B	Yes

Question 10

The Real Estate License Law is administered by:

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

Question 11

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

A	Novation
B	Premises
C	Habendum
D	Acknowledgement

Question 12

Is Delaware a community property state?

A	No
B	Yes

Question 13

In Delaware, standing trees would be considered:

A	Chattels
B	Personal Property
C	Real Property
D	Emblements

Question 14

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

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

Question 15

Does Delaware have Dower laws?

A	Yes
B	No

Question 16

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

A	False
B	True

Question 17

What term means "going to the state?"

A	escheat
B	Police Power
C	Eminent Domain
D	Taxation

Question 17 Explanation:

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

Question 18

Does Delaware allow Joint Tenancy or Tenancy by the entirety?

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

Question 19

Does Delaware have Homestead Laws?

A	No
B	Yes

Question 20

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

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

Question 21

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

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

Question 22

How many continuing education hours are required?

A	25
B	12
C	15
D	21

Question 23

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

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