UPDATED ACTUAL Exam Questions and
CORRECT Answers
How much time is given to pass the Delaware salesperson exam?
A. 2 hours
B. 3 hours
C. 4 hours
D. 5 hours - CORRECT ANSWER - 4 hours
How many continuing education hours are required?
A. 10 hours
B. 15 hours
C. 21 hours
D. 25 hours - CORRECT ANSWER - 21 hours
In order to obtain a Delaware Real Estate License you must have a high-school diploma?
A. True
B. False - CORRECT ANSWER - true
How often must you renew your sales agent license?
A. every year
B. every two years
C. every three years
D. every four years - CORRECT ANSWER - every two years
How old do you have to be in Delaware to obtain a Real Estate License?
A. 25 years old
, B. 21 years old
C. 20 years old
D. 18 years old - CORRECT ANSWER - 18 years olf
What information would be unethical for a listing agent to share with a potential buyer?
A. "The neighbors next door are really great and have two young children about the age of your
kids."
B. "The community association fee are $800 this year, but they will be going up to $1200 next
year."
C. "The roof might need to be replaced in the next year or two."
D."The seller is very eager for an offer because he lost his job and found a new one in a different
state." - CORRECT ANSWER - The seller is very eager for an offer because he lost his
job and found a new one in a different state."
A subdivision has a rule that each home in the neighborhood be at least 2,500 square feet. This is
an example of which concept?
A. cooperative ownership
B. Fair Housing law violation
C. restrictive covenant
D. homestead laws - CORRECT ANSWER - restrictive covenant
Which of the following describes a transaction brokerage?
A. The broker represents the seller in the transaction
B. the broker represents both the buying and selling parties
C. the broker represents the buyer in the transaction
D. the broker does not represent either party, but provides general information and services to
each - CORRECT ANSWER - the broker does not represent either party, but provides
general information and services to each
Who take the biggest risk in a open listing?