Delaware State Real Estate Practice Exam 1 Questions and Answers

Delaware State Real Es tate Practice Exam 1 Questions and Answer s Mike, a Delaware licensee, is sitting down with a potential buyer for their first scheduled appointment. What must he make sure they do when he meets with her? ✅Sign the CIS. You're spending your Sunday morning planting signs that advertise the open house hours for your listing. Which Delaware law specifically prohibits you from placing your signs in the median of the nearest intersection, where the most people would see it? ✅Clear Zone Safety Law Which of these would be an illegal place to put a real estate sign in Delaware? ✅On the side of a bus shelter, as long as it doesn't obstruct the view of the street Where must the disclosure pertaining to CMAs that begins, "Notwithstanding any language to the contrary contained herein, this Competitive Market Analysis is NOT an appraisal ..." be listed on the CMA? ✅Immediately after the estimated price Delaware licensees who are chemically dependent or impaired due to drug or alcohol addiction can enter into _______. ✅A voluntary treatment option Delaware buyer Morey agreed to pay for a type of survey called a mortgage survey plan. What will Morey receive from the surveyor? ✅The property improvements that are present, shown on a plat map, without setting corner markers that would identify the property boundaries Drainage organizations created to support the state's drainage and water management systems in Delaware are referred to as ______. ✅Tax ditches A Delaware homeowner leases a roof -mounted solar system and pays a monthly rental rate to a third party. There are seven years remaining on the lease term. The homeowner is preparing to list the property for sale. Which statement best describes the homeown er's obligations related to the system? ✅The system is considered a fixture that must be disclosed by the homeowner, in addition to the terms of the lease which may need to be assumed by the buyer. Katy's in charge of all the real estate activities at Katy -Did Realty in Delaware. What license does she hold? ✅Broker Which of the following signs of a malfunctioning or leaking OWTDS should a Delaware licensee look for on a property? ✅Abundant plant growth around the system site