DELAWARE REAL ESTATE ACTUAL EXAM
SCRIPT QUESTIONS AND ANSWERS FULLY
REVIEWED MATERIAL
●● Who are the parties to the sales contract in Delaware? (Q6)
Answer: The buyers and sellers
●● Which of these is NOT a Delaware broker of record's responsibility?
Q15
Answer: To ensure all licensees develop a successful business model that
follows NAR guidelines
●● Q18 - Which of these statements accurately represents how Delaware
real estate firms should manage escrow records?
Answer: Brokerage firms must retain escrow accounting records for at
least three years in either electronic or hard-copy format.
●● Q22 - Julie is a Delaware licensee. Unless a customer signs a written
agreement stating otherwise, which type of agent is she?
Answer: Statutory
●● Q26 - You're a Delaware licensee meeting with a potential seller
client for the first time. Which of these things must you do first?
, Answer: Present the seller with the Consumer Information Statement
●● Q28 - Corinne is the proud new owner of a one-acre property in
Sussex County. Now that the deed has been recorded, the transfer tax is
due. How much is Corinne required to pay?
Answer: Negotiable, per the terms of the sales contract
●● Q29 - You're assisting Amanda and Tim in their first home purchase.
You've already met with them on several occasions and shown them a
few homes, but they haven't found that dream home quite yet. According
to Delaware law, which of the following is a true statement?
Answer: They're your clients.
●● Q30 - A condo in Sussex County has a taxable assessment amount of
$70,260. The combined tax rate is 3.1. Calculate the condo's current tax
amount.
Answer: $2,178.06
●● Q38 - Malia's seller client has accepted an offer for her Delaware
home, but the buyer is threatening to walk away from the deal when
Malia's client refuses to make some relatively minor repairs before
closing. Malia manages to negotiate a solution, and the grateful buyer
slips her a thank you gift of $100 after the closing. What should Malia
do?
Answer: Ask the buyer to pay the money to her broker and tell her client
about it, as well.
SCRIPT QUESTIONS AND ANSWERS FULLY
REVIEWED MATERIAL
●● Who are the parties to the sales contract in Delaware? (Q6)
Answer: The buyers and sellers
●● Which of these is NOT a Delaware broker of record's responsibility?
Q15
Answer: To ensure all licensees develop a successful business model that
follows NAR guidelines
●● Q18 - Which of these statements accurately represents how Delaware
real estate firms should manage escrow records?
Answer: Brokerage firms must retain escrow accounting records for at
least three years in either electronic or hard-copy format.
●● Q22 - Julie is a Delaware licensee. Unless a customer signs a written
agreement stating otherwise, which type of agent is she?
Answer: Statutory
●● Q26 - You're a Delaware licensee meeting with a potential seller
client for the first time. Which of these things must you do first?
, Answer: Present the seller with the Consumer Information Statement
●● Q28 - Corinne is the proud new owner of a one-acre property in
Sussex County. Now that the deed has been recorded, the transfer tax is
due. How much is Corinne required to pay?
Answer: Negotiable, per the terms of the sales contract
●● Q29 - You're assisting Amanda and Tim in their first home purchase.
You've already met with them on several occasions and shown them a
few homes, but they haven't found that dream home quite yet. According
to Delaware law, which of the following is a true statement?
Answer: They're your clients.
●● Q30 - A condo in Sussex County has a taxable assessment amount of
$70,260. The combined tax rate is 3.1. Calculate the condo's current tax
amount.
Answer: $2,178.06
●● Q38 - Malia's seller client has accepted an offer for her Delaware
home, but the buyer is threatening to walk away from the deal when
Malia's client refuses to make some relatively minor repairs before
closing. Malia manages to negotiate a solution, and the grateful buyer
slips her a thank you gift of $100 after the closing. What should Malia
do?
Answer: Ask the buyer to pay the money to her broker and tell her client
about it, as well.
