Delaware Real Estate Exam Study Guide

If a workers license is revokes, then all salespersons working under this broker will have the license suspended How many days notice must be given to terminate a lease 60 days How long does somebody have to make application for real estate licnesure 1 year from completion of the prelincensing course The property disclosure form is required to be filled out by 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 the seller having aids Who may remove commissioners from the real estate commission 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 dual agent The main objectives of the real estate commission are 1. Protect the general public from unsafe real estate practices maintain and establish minimum standards of license competency The powers and duties of the commission include all of the fallowing except 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 disclose the fact to both buyer and seller All licensees must: 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 unit properties act Under what circumstances may the commission investigate the actions of a salesperson or broker 1. Upon its own mention 2. Upon the verified complaint in writing of any person