Delaware Real Estate Broker Class Exam
Questions and Verified Answers |
Graded A+
Real Estate Brokerage - ✔✔The business of bringing people together in a real
estate transaction. Real estate brokerage
APPRAISAL - ✔✔Process of developing an opinion of a property's value.
Appraisal
Salesperson - ✔✔A person who performs real estate activities while employed
by or associated with a licensed real estate broker. Salesperson
What Makes You a Realtor - ✔✔Being a member of tje National Association Of
Realtors (NAR)
LICENSEES - ✔✔A licensed real estate agent. Licensee
How Many CE Credits Do You Need - ✔✔21, Bi-Annually
Types Of Real Property - ✔✔(1) Residential, (2) Commercial, (3) Industrial, (4)
Agricultural, (5) Special Purpose
Property Manager - ✔✔A person or company hired to maintain and manage
property on behalf of the property owner
Page 1 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Financing - ✔✔The business of providing the funds that make real estate
transactions possible
Types Of Housing - ✔✔Single-family detached house, apartment building ,
condominium, cooperative, Planned unit developments, mixed use
developments, converted use properties, factory built housing.
Federally Protected Classes - ✔✔Race, color, religion, national origin, sex,
familial status, and disability
HUD - ✔✔Enforces federal fair housing
Delaware Protected Classes - ✔✔Martial Status, Gender Identity & Orientation,
creed, age, source of income
Market - ✔✔Exists when goods can be bought and sold. The function of a
market is to providea setting in which supply and demand can establish market
value, making it adventagous for sellers ans buyers to trade
Supply & Demand - ✔✔relationship between the amount of product and the
desire for the product
Uniqueness - ✔✔The idea that no matter how identical they may appear, no
two parcels of real estate are ever exactly alike
Page 2 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
Questions and Verified Answers |
Graded A+
Real Estate Brokerage - ✔✔The business of bringing people together in a real
estate transaction. Real estate brokerage
APPRAISAL - ✔✔Process of developing an opinion of a property's value.
Appraisal
Salesperson - ✔✔A person who performs real estate activities while employed
by or associated with a licensed real estate broker. Salesperson
What Makes You a Realtor - ✔✔Being a member of tje National Association Of
Realtors (NAR)
LICENSEES - ✔✔A licensed real estate agent. Licensee
How Many CE Credits Do You Need - ✔✔21, Bi-Annually
Types Of Real Property - ✔✔(1) Residential, (2) Commercial, (3) Industrial, (4)
Agricultural, (5) Special Purpose
Property Manager - ✔✔A person or company hired to maintain and manage
property on behalf of the property owner
Page 1 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Financing - ✔✔The business of providing the funds that make real estate
transactions possible
Types Of Housing - ✔✔Single-family detached house, apartment building ,
condominium, cooperative, Planned unit developments, mixed use
developments, converted use properties, factory built housing.
Federally Protected Classes - ✔✔Race, color, religion, national origin, sex,
familial status, and disability
HUD - ✔✔Enforces federal fair housing
Delaware Protected Classes - ✔✔Martial Status, Gender Identity & Orientation,
creed, age, source of income
Market - ✔✔Exists when goods can be bought and sold. The function of a
market is to providea setting in which supply and demand can establish market
value, making it adventagous for sellers ans buyers to trade
Supply & Demand - ✔✔relationship between the amount of product and the
desire for the product
Uniqueness - ✔✔The idea that no matter how identical they may appear, no
two parcels of real estate are ever exactly alike
Page 2 of 7
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
