Page 1 of 102
Delaware Real Estate Exam COMPLETE 400 QUESTIONS
AND VERIFIED SOLUTIONS 2026-2027 LATEST UPDATE
THIS YEAR
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
C. restrictive covenant
D. homestead laws - ANSWER-restrictive covenant
QUESTION: Which of the following describes a transaction brokerage?
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
,Page 2 of 102
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
D. The agent resigns from the contract because he is overload with homes to sell - ANSWER-The
agent resigns from the contract because he is overload with homes to sell
,Page 3 of 102
QUESTION: Foreclosure occurs when a ____ seizes and sells a borrower's ____ after the
borrower has failed to ____ the lender.
A. bank, personal property, appreciate
B. lender, home, alert
C. lender, collateral, repay
D. bank, property, notify - ANSWER-lender, collateral, repay
QUESTION: A buyer agree to purchase a home once the sale on her current home is completed.
Legally, this is known as____?
A. contingency
B. specific performance
C. option agreement
D. negotiation - ANSWER-contingency
, Page 4 of 102
QUESTION: Mr. and Mrs. Cox make Mr. and Mrs. Green an offer on their home, but they have
not heard back from them on whether or not the offer has been accepted. In the meantime,
they have found another home they would like to purchase instead. What is their best option?
A. Withdraw their offer with penalty
B. Modify their offer to one they are confident Mr. and Mrs. Green will not accept.
C. Withdraw their offer with no penalty.
D. Wait for Mr. and Mrs Green's response. If they accept the offer, pay the withdraw fee
outlined in the contract. - ANSWER-Withdraw their offer with no penalty
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
Delaware Real Estate Exam COMPLETE 400 QUESTIONS
AND VERIFIED SOLUTIONS 2026-2027 LATEST UPDATE
THIS YEAR
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
C. restrictive covenant
D. homestead laws - ANSWER-restrictive covenant
QUESTION: Which of the following describes a transaction brokerage?
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
,Page 2 of 102
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
D. The agent resigns from the contract because he is overload with homes to sell - ANSWER-The
agent resigns from the contract because he is overload with homes to sell
,Page 3 of 102
QUESTION: Foreclosure occurs when a ____ seizes and sells a borrower's ____ after the
borrower has failed to ____ the lender.
A. bank, personal property, appreciate
B. lender, home, alert
C. lender, collateral, repay
D. bank, property, notify - ANSWER-lender, collateral, repay
QUESTION: A buyer agree to purchase a home once the sale on her current home is completed.
Legally, this is known as____?
A. contingency
B. specific performance
C. option agreement
D. negotiation - ANSWER-contingency
, Page 4 of 102
QUESTION: Mr. and Mrs. Cox make Mr. and Mrs. Green an offer on their home, but they have
not heard back from them on whether or not the offer has been accepted. In the meantime,
they have found another home they would like to purchase instead. What is their best option?
A. Withdraw their offer with penalty
B. Modify their offer to one they are confident Mr. and Mrs. Green will not accept.
C. Withdraw their offer with no penalty.
D. Wait for Mr. and Mrs Green's response. If they accept the offer, pay the withdraw fee
outlined in the contract. - ANSWER-Withdraw their offer with no penalty
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
