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DELAWARE REAL ESTATE UPDATED COMPLETE QUESTIONS AND ANSWERS PROFESSIONAL REVIEW SHEET

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DELAWARE REAL ESTATE UPDATED COMPLETE QUESTIONS AND ANSWERS PROFESSIONAL REVIEW SHEET

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DELAWARE REAL ESTATE UPDATED
COMPLETE QUESTIONS AND ANSWERS
PROFESSIONAL REVIEW SHEET

●● General Powers of the Commission
Answer: Grants and renews real estate licenses, establishes professional
standards of competence, drafts rules of practice, and conducts audits
and complaint reviews.


●● Composition of the Commission
Answer: Consists of 9 members appointed directly by the governor.


●● Real Estate Professionals on the Commission
Answer: 5 members: 3 brokers (one representing each county), 1
associate broker, and 1 salesperson.


●● Public Members on the Commission
Answer: 4 members: 1 from New Castle County, 1 from Kent County, 1
from Sussex County, and 1 from the city of Wilmington.


●● Experience & Residency Requirements

, Answer: Brokers and associate brokers must have held an active license
for 5+ years; the salesperson must have held an active license for 4+
years.


●● Restrictions on Commission Members
Answer: No member may serve as an elected official or hold a
leadership role in a real estate professional association.


●● Terms & Leadership of Commission Members
Answer: Members serve a 3-year term and are limited to exactly one
additional re-appointment term.


●● Meetings & Compensation
Answer: The commission must meet at least once per quarter. Members
receive $50 per meeting, capped at a maximum of $500 annually.


●● Forfeiture of Office
Answer: The governor may dismiss a member for neglect of duty,
misfeasance, misconduct, or incompetence.


●● Division of Professional Regulation
Answer: Receives and investigates all consumer and licensee
complaints.

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