Delaware Real Estate Exam Questions
with 100% Correct Answers
If a licensee needs a waiver for completion of Delaware CE requirements, when
must the request be submitted? - ✔✔No later than 60 days before the biennial
license renewal date
Which lien has highest priority of these options? - ✔✔A real property tax lien
How many members are appointed to the Delaware Real Estate Commission? -
✔✔Nine
Associate broker applicants must complete hours of pre-licensing education
courses to be eligible for a Delaware broker real estate license. - ✔✔64
The assessed value on a home in Kent County is $165,000. What's the taxable
amount of the property? - ✔✔$99,000
Mardee represented condo owner Carol, and they signed an exclusive agency
listing agreement. If Carol found her own buyer, would she owe Mardee a
commission? - ✔✔No, because Carol procured the buyer.
Who's responsible for paying for recording documents to clear all defects from
the title? - ✔✔The seller
Page 1 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, What is one of the many programs offered for free by the Delaware Community
Reinvestment Action Council (DCRAC) to support and educate Delawareans
about financial aspects regrading credit, housing, and taxes? - ✔✔Foredlosure
prevention
Which of the following provisions of the Delaware residential sales contract
states that the sellers bear responsibility for any loss in value or damage to the
house prior to closing? - ✔✔Risk of Loss
Delaware licensee Wendy is helping a buyer who is in search of a one-bedroom
condo. They find the perfect unit from seller Shania, who's lived there for five
years, and are prepared to make an offer. Wendy advises her buyer to review
the resale certificate. What information is NOT included with the resale
certificate? - ✔✔A history of the unit's ownership since the community was first
developed or became a common interest community
When a contract is executory (for instance, in an installment sales contract),
what type of title does the buyer hold? - ✔✔Equitable
Whose contact information is listed on the final page of the Delaware statewide
residential sales contract? - ✔✔The brokers', agents', and brokerages'
Page 2 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
with 100% Correct Answers
If a licensee needs a waiver for completion of Delaware CE requirements, when
must the request be submitted? - ✔✔No later than 60 days before the biennial
license renewal date
Which lien has highest priority of these options? - ✔✔A real property tax lien
How many members are appointed to the Delaware Real Estate Commission? -
✔✔Nine
Associate broker applicants must complete hours of pre-licensing education
courses to be eligible for a Delaware broker real estate license. - ✔✔64
The assessed value on a home in Kent County is $165,000. What's the taxable
amount of the property? - ✔✔$99,000
Mardee represented condo owner Carol, and they signed an exclusive agency
listing agreement. If Carol found her own buyer, would she owe Mardee a
commission? - ✔✔No, because Carol procured the buyer.
Who's responsible for paying for recording documents to clear all defects from
the title? - ✔✔The seller
Page 1 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, What is one of the many programs offered for free by the Delaware Community
Reinvestment Action Council (DCRAC) to support and educate Delawareans
about financial aspects regrading credit, housing, and taxes? - ✔✔Foredlosure
prevention
Which of the following provisions of the Delaware residential sales contract
states that the sellers bear responsibility for any loss in value or damage to the
house prior to closing? - ✔✔Risk of Loss
Delaware licensee Wendy is helping a buyer who is in search of a one-bedroom
condo. They find the perfect unit from seller Shania, who's lived there for five
years, and are prepared to make an offer. Wendy advises her buyer to review
the resale certificate. What information is NOT included with the resale
certificate? - ✔✔A history of the unit's ownership since the community was first
developed or became a common interest community
When a contract is executory (for instance, in an installment sales contract),
what type of title does the buyer hold? - ✔✔Equitable
Whose contact information is listed on the final page of the Delaware statewide
residential sales contract? - ✔✔The brokers', agents', and brokerages'
Page 2 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
