Delaware Real Estate Salesperson Exam Questions and Answers

Primary Objective Of Delaware Real Estate Commission Protect General Public From Unsafe Practices Which Tend To Reduce Competition Or Fix The Prices. Second To Maintain Standards Of Licensee Competency Cma Comparative Market Analysis;Not An Appraisal; Designated Agent A Person Authorized By The Broker To Act As The Agent Of A Specific Principal. Designated On-Site Supervisor 5 Years Licensee Ministerial Task Does Not Involve Discretion Or Exercise Of The Licensee Statutory Agent Licensee The Commissioners Are Selected In The Following Way: 9 Members By Governor; 5 Pros 3 Brokers ( Each County) 1 Associate Broker; 1 Salesperson 4 Public Members; 5 Years Resident.... (3 Year Tenure,) ( Can't Miss More Than 3 Meetings) ($50 Comp) (At Least 1 Meeting Quarter) Salesperson Tenure To Be On Board And Licensee Req 4 Years; 18 Yrs, Prelicense; National And State Waiver Of Felony 5 Years Elapsed Real Estate Guaranty Fund Compensation In An Not Exceeding In The Aggregate The Sum Of $25k ( Can't Get New License Unless Pay Back) Escrow Deposit Timeline 72hours Penalties 1st Offense Not Less Than $500 Or More Than $5k Psychological Impacts Need Written Request By Client To Homeowner Commencement Of Duties For A Statutory 1st Appointment , 1 St Showing, Making An Offering , Working For Client Broker Terms 3 Years Salesperson Or Associate Broker