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

In Delaware, standing trees would be considered:

A	Chattels
B	Personal Property
C	Emblements
D	Real Property

Question 2

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

Question 3

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

A	Habendum
B	Novation
C	Acknowledgement
D	Premises

Question 4

How many continuing education hours are required?

A	15
B	25
C	21
D	12

Question 5

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

A	False
B	True

Question 6

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

A	Lessee
B	Agent
C	Lessor
D	Seller

Question 7

The Real Estate License Law is administered by:

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

Question 8

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 9

Does Delaware allow Joint Tenancy or Tenancy by the entirety?

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

Question 10

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	In most circumstances, except when the buyer and seller are related
D	Only when both buyer and seller give informed consent to this arrangement

Question 11

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

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

Question 12

How often is continuing education due?

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

Question 13

Does Delaware have Reciprocity states?

A	Yes
B	No

Question 14

Does Delaware recognize Holographic wills?

A	No
B	Yes

Question 15

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

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

Question 16

A Broker's license fee costs how much?

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

Question 17

Does Delaware have Homestead Laws?

A	Yes
B	No

Question 18

Is Delaware a community property state?

A	Yes
B	No

Question 19

What term means "going to the state?"

A	Police Power
B	Taxation
C	Eminent Domain
D	escheat

Question 19 Explanation:

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

Question 20

Does Delaware have Dower laws?

A	No
B	Yes

Question 21

A Salesperson license fee costs how much?

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

Question 22

Which is NOT necessary for a valid contract?

A	due date
B	legal object
C	acceptance
D	offer

Question 23

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 lived in the state for 2 years
C	Must have Bachelors Degree
D	Must be at least 25 years old

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