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Delaware Real Estate Practice TEST ALL
QUESTIONS AND CORRECT ANSWERS
LATEST UPDATE THIS YEAR
QUESTION: In order to obtain a Delaware Real Estate License you must have a high-school
diploma?
A. True
B. False - ANSWER-true
QUESTION: How often must you renew your sales agent license?
A. every year
B. every two years
C. every three years
D. every four years - ANSWER-every two years
QUESTION: How old do you have to be in Delaware to obtain a Real Estate License?
A. 25 years old
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B. 21 years old
C. 20 years old
D. 18 years old - ANSWER-18 years olf
QUESTION: What information would be unethical for a listing agent to share with a potential
buyer?
A. "The neighbors next door are really great and have two young children about the age of your
kids."
B. "The community association fee are $800 this year, but they will be going up to $1200 next
year."
C. "The roof might need to be replaced in the next year or two."
D."The seller is very eager for an offer because he lost his job and found a new one in a
different state." - ANSWER-The seller is very eager for an offer because he lost his job and
found a new one in a different state."
QUESTION: A subdivision has a rule that each home in the neighborhood be at least 2,500
square feet. This is an example of which concept?
A. cooperative ownership
B. Fair Housing law violation
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C. restrictive covenant
D. homestead laws - ANSWER-restrictive covenant
Q; How much time is given to pass the Delaware salesperson exam?
A. 2 hours
B. 3 hours
C. 4 hours
D. 5 hours - ANSWER-4 hours
QUESTION: How many continuing education hours are required?
A. 10 hours
B. 15 hours
C. 21 hours
D. 25 hours - ANSWER-21 hours
QUESTION: Which of the following describes a transaction brokerage?
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A. The broker represents the seller in the transaction
B. the broker represents both the buying and selling parties
C. the broker represents the buyer in the transaction
D. the broker does not represent either party, but provides general information and services to
each - ANSWER-the broker does not represent either party, but provides general information
and services to each
QUESTION: Who take the biggest risk in a open listing?
A. the buyer
B. the agent
C. the seller
D. the lending institution - ANSWER-the agent
QUESTION: An agency contract is being terminated. In which scenario might there be damages
to one of the parties?
A. the owner discharge the agent because she was not acting in their best interest.
B. the agency files for bankruptcy
C. The property owner discovers another claim on the title of the house
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Delaware Real Estate Practice TEST ALL
QUESTIONS AND CORRECT ANSWERS
LATEST UPDATE THIS YEAR
QUESTION: In order to obtain a Delaware Real Estate License you must have a high-school
diploma?
A. True
B. False - ANSWER-true
QUESTION: How often must you renew your sales agent license?
A. every year
B. every two years
C. every three years
D. every four years - ANSWER-every two years
QUESTION: How old do you have to be in Delaware to obtain a Real Estate License?
A. 25 years old
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B. 21 years old
C. 20 years old
D. 18 years old - ANSWER-18 years olf
QUESTION: What information would be unethical for a listing agent to share with a potential
buyer?
A. "The neighbors next door are really great and have two young children about the age of your
kids."
B. "The community association fee are $800 this year, but they will be going up to $1200 next
year."
C. "The roof might need to be replaced in the next year or two."
D."The seller is very eager for an offer because he lost his job and found a new one in a
different state." - ANSWER-The seller is very eager for an offer because he lost his job and
found a new one in a different state."
QUESTION: A subdivision has a rule that each home in the neighborhood be at least 2,500
square feet. This is an example of which concept?
A. cooperative ownership
B. Fair Housing law violation
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C. restrictive covenant
D. homestead laws - ANSWER-restrictive covenant
Q; How much time is given to pass the Delaware salesperson exam?
A. 2 hours
B. 3 hours
C. 4 hours
D. 5 hours - ANSWER-4 hours
QUESTION: How many continuing education hours are required?
A. 10 hours
B. 15 hours
C. 21 hours
D. 25 hours - ANSWER-21 hours
QUESTION: Which of the following describes a transaction brokerage?
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A. The broker represents the seller in the transaction
B. the broker represents both the buying and selling parties
C. the broker represents the buyer in the transaction
D. the broker does not represent either party, but provides general information and services to
each - ANSWER-the broker does not represent either party, but provides general information
and services to each
QUESTION: Who take the biggest risk in a open listing?
A. the buyer
B. the agent
C. the seller
D. the lending institution - ANSWER-the agent
QUESTION: An agency contract is being terminated. In which scenario might there be damages
to one of the parties?
A. the owner discharge the agent because she was not acting in their best interest.
B. the agency files for bankruptcy
C. The property owner discovers another claim on the title of the house
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