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DELAWARE REAL ESTATE FULL SOLUTION VIEW AHEAD QUESTIONS AND ANSWERS STUDY COMPANION

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DELAWARE REAL ESTATE FULL SOLUTION VIEW AHEAD QUESTIONS AND ANSWERS STUDY COMPANION

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DELAWARE REAL ESTATE FULL SOLUTION
VIEW AHEAD QUESTIONS AND ANSWERS
STUDY COMPANION

●● how many days notice must be given to terminate a lease
Answer: 60 days


●● how long does somebody have to make application for real estate
licnesure
Answer: 1 year from completion of the prelincensing course


●● the property disclosure form is required to be filled out by
Answer: all sellers including for sale by owner


●● when asked in writing by a buyer, which topic must a real estate
agent refrain from talking about
Answer: the seller having aids


●● who may remove commissioners from the real estate commission
Answer: the govoner

, ●● a real estate agent who lists a property for sale and then writes an
offer on that property with another person is a
Answer: dual agent


●● the main objectives of the real estate commission are
Answer: 1. protect the general public from unsafe real estate practices
2.to maintain and establish minimum standards of license competency


●● the powers and duties of the commission include all of the fallowing
except
Answer: set acceptable ranges for rates of commission charged by
brokers


●● if a real estate agent observes material defect in a property not
mentioned on the property disclosure form, he/she should
Answer: disclose the fact to both buyer and seller


●● all licensees must:
Answer: make application to the commission on or before the first day
of january biennially for a renewal of license


●● the state statue that deals with the creation of condominiums in
delaware is the
Answer: unit properties act

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