Delaware Salesperson Exam with correct Answers

Delaware Salesperson Exam with correct Answers Of the nine members on the commission, how many are real estate professionals? Five Nine Seven Three - Answer-Five /.Who appoints members to the Delaware Real Estate Commission? A lottery system The Delaware Association of REALTORS® The governor The public - Answer-The governor /.The purpose of the Delaware Real Estate Commission is to protect the public by ______. Developing standards for the real estate industry Offering free legal advice for real estate matters Regulating real estate sales in the state Testing licensees annually - Answer-Developing standards for the real estate industry /.One of the fees charged to licensees by the Delaware Real Estate Commission is for _____. Credit check License application Licensure tax Membership - Answer-License application /.Which of the following is a power of the Delaware Real Estate Commission? Assigning a licensee to a specific broker affiliate for mentoring Conducting audits Issuing an automatic fine to a licensee without holding a hearing Teaming up with law enforcement agencies to crack down on license law violations - Answer-Conducting audits /.Which of these things is the Delaware Real Estate Commission empowered to do to ensure that licensees are following license laws appropriately? Assign new licensee Chad to a brokerage with an excellent reputation for supporting licensees rather than the firm to which he asked to be associated. Conduct an audit of the escrow accounts at ABC Brokerage during normal business hours. Issue an automatic fine to licensee Brenda upon notification that she'd violated her brokerage's policy. Work in conjunction with law enforcement to initiate a "sting" operation designed to catch licensees violating license laws. - Answer-Conduct an audit of the escrow accounts at ABC Brokerage during normal business hours. /.How many commission members are appointed from the public? Eight Four Six Two - Answer-Four /.After holding license law violation hearings, what action will the Delaware Real Estate Commission take? Impose any necessary sanctions or other penalties against the licensee. Impose jail time. Provide counseling to the licensee. Refer the licensee to the state district attorney for prosecution. - Answer-Impose any necessary sanctions or other penalties against the licensee. /.Which of these is NOT a power of the Delaware Real Estate Commission? Create standard fee structures for real estate activities. Investigate complaints against real estate licensees or unlicensed individuals who are allegedly practicing real estate. Issue and renew real estate licenses to those who have completed licensing and continuing education requirements. Regulate the professional behavior of real estate licensees. - Answer-Create standard fee structures for real estate activities. /.How many years must commission members have resided in Delaware prior to their appointment? Five years Nine years Seven years Two years - Answer-Five years /.Delaware Real Estate Commission members serve a _____-year term. Five Four Three Two - Answer-Three /.How many members are appointed to the Delaware Real Estate Commission? Eight Four Nine Six - Answer-Nine /.When a consumer or another licensee files a complaint against a licensee, to which entity does the commission refer the complaint for an investigation? A private investigator A quorum of the Delaware Real Estate Commission The Division of Professional Regulation The state district attorney's office - Answer-The Division of Professional Regulation /.Sherry is a new licensee, but when she helps her first client through the purchase of a home, she does so with professional competence. What entity is responsible for ensuring that Delaware licensees such as Sherry are able to safely help the public with real estate transactions? The Delaware Association of REALTORS® The Delaware Public Health and Safety Commission The Delaware Real Estate Commission The Department of Housing and Urban Development - Answer-The Delaware Real Estate Commission /.Which of the following is the Delaware Real Estate Commission empowered to do? Hold a public vote when license law violations have been committed. Monitor complaints against licensees. Provide internships to new licensees. Seal all commission documents from public record. - Answer-Monitor complaints against licensees. /.Licensees who take an out-of-state broker's licensing course of 99+ hours will earn ____ hours of CE credit in Delaware. 12 16 18 9 - Answer-18 /.If a licensee needs a waiver for completion of Delaware CE requirements, when must the request be submitted? No later than 20 days before the biennial license renewal date No later than 30 days before the biennial license renewal date No later than 60 days before the biennial license renewal date No later than 90 days before the biennial license renewal date - Answer-No later than 60 days before the biennial license renewal date /.If you choose to affiliate with more than one broker, which of these is a step you must take? Give notice to the Delaware Association of REALTORS®. Obtain an additional license for the new broker's firm. Obtain approval from the governor's office. Receive dispensation from the commission. - Answer-Obtain an additional license for the new broker's firm. /.Which of these is a requirement of ALL levels of real estate licensure in Delaware? Be competent to transact the business for which the individual is licensed, and do so in a manner that safeguards the public's interests. Be demonstrably professional, honest, and able to assist others in a patient and knowledgeable manner. Demonstrate experience with real estate transactions in Delaware over the previous three years. Prove experience with supervising others and holding responsibility for handling funds for others. - Answer-Be competent to transact the business for which the individual is licensed, and do so in a manner that safeguards the public's interests. /.Delaware licensee Sandra has been selected for a CE compliance audit. How much time does she have to submit CE verification? 20 days 30 days 60 days 90 days - Answer-20 days /.Which of these is NOT a part of the license renewal process for real estate licensees in Delaware? Complete CE requirements prior to the renewal date Pay the renewal fee Submit certification of CE Submit the renewal application - Answer-Submit certification of CE /.When must a real estate license be renewed in Delaware? Annually before April 30 Annually on the date it was issued Biennially before April 30 Biennially on the date it was issued - Answer-Biennially before April 30 /.Associate broker applicants must be at least _____ of age to be eligible for a Delaware real estate license. 18 21 23 24 - Answer-23 /.Which of the following statements is true regarding Delaware's licensing requirements? Anyone acting as an attorney in fact under an executed power of attorney whose duties include real estate transactions needs a real estate license.