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

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

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

Question 2

How often is continuing education due?

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

Question 3

Which is NOT necessary for a valid contract?

A	offer
B	acceptance
C	legal object
D	due date

Question 4

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

A	Habendum
B	Acknowledgement
C	Novation
D	Premises

Question 5

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

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

Question 6

Does Delaware have Homestead Laws?

A	Yes
B	No

Question 7

In Delaware, standing trees would be considered:

A	Personal Property
B	Chattels
C	Emblements
D	Real Property

Question 8

Is Delaware a community property state?

A	No
B	Yes

Question 9

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

A	True
B	False

Question 10

What term means "going to the state?"

A	Taxation
B	escheat
C	Eminent Domain
D	Police Power

Question 10 Explanation:

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

Question 11

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

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

Question 12

How many continuing education hours are required?

A	12
B	15
C	25
D	21

Question 13

Does Delaware have Dower laws?

A	Yes
B	No

Question 14

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

A	Agent
B	Lessor
C	Lessee
D	Seller

Question 15

A Salesperson license fee costs how much?

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

Question 16

Does Delaware recognize Holographic wills?

A	Yes
B	No

Question 17

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

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

Question 18

Does Delaware allow Joint Tenancy or Tenancy by the entirety?

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

Question 19

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

Question 20

Does Delaware have Reciprocity states?

A	No
B	Yes

Question 21

A Broker's license fee costs how much?

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

Question 22

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

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

Question 23

The Real Estate License Law is administered by:

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

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