Delaware Real Estate Exam Questions
and Verified Answers
3 years - ✔✔How many years does a member of the DE real estate commission
serve?
Conducting Audits - ✔✔Name something the DE Commission has the power to
do
9 - ✔✔How many members are appointed to the Delaware Real Estate
Commission?
The governor - ✔✔Who appoints members to the Delaware Real Estate
Commission?
1 - ✔✔How many escrow accounts are brokers required to maintain in the
firm's name at a federally insured financial institution with offices in Delaware?
CMA - ✔✔What service are all real estate licensees permitted to perform for
clients to assess a property's value?
At least 10 feet from the edge of a public road - ✔✔In Delaware, which of these
is a legal spot to place a sign advertising one of your listings?
3 years - ✔✔How long does a brokerage have to retain escrow accounting for?
Page 1 of 18
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
,Immediately after the estimated price - ✔✔Where must the disclosure
pertaining to CMAs that begins, "Notwithstanding any language to the contrary
contained herein, this Competitive Market Analysis is NOT an appraisal ..." be
listed on the CMA?
Broker - ✔✔Katy's in charge of all the real estate activities at Katy-Did Realty in
Delaware. What license does she hold?
Easement - ✔✔What is it called when one party has the right to use land owned
by another party for a special purpose?
Voluntary - ✔✔Hope's mortgage created a lien against the property she
purchased with the mortgage. What kind of lien is this?
The dominant estate owner takes action that shows a clear intent to stop using
the easement. - ✔✔What must happen for an easement to be terminated due
to abandonment?
Easement, encroachment, Lien - ✔✔Name 3 types of encumbrances
encroachment - ✔✔Justin decided to build a privacy fence around his yard. He
thought the fence was along the property line, but it turns out he built it one
foot inside his neighbor's property. What will an inspector document as existing
on the neighboring property?
Page 2 of 18
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, An agreement between two lien holders to modify the order of lien priority -
✔✔What's a subordination agreement
They could trigger a foreclosure - ✔✔What would happen if you bought a house
and later found out that there were unpaid liens against the property?
Servient estate - ✔✔An easement dictates that property owner A gives the right
to property owner B to use a portion of the property. Which term describes
property A?
Prescriptive easement - ✔✔Which type of easement is acquired through years
of use, with one person acquiring the permanent right to use another's property
by doing so for an extended period of time?
Easement by necessity - ✔✔Without this easement—usually involving access to
a road—the owner requiring the right of passage would be landlocked.
Everything that's not real property - ✔✔What's the best definition of personal
property?
Method of annexation, agreement of parties, relationship of parties - ✔✔What
are three of the five basics tests that courts use to determine whether an item is
a fixture or personal property?
Page 3 of 18
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
and Verified Answers
3 years - ✔✔How many years does a member of the DE real estate commission
serve?
Conducting Audits - ✔✔Name something the DE Commission has the power to
do
9 - ✔✔How many members are appointed to the Delaware Real Estate
Commission?
The governor - ✔✔Who appoints members to the Delaware Real Estate
Commission?
1 - ✔✔How many escrow accounts are brokers required to maintain in the
firm's name at a federally insured financial institution with offices in Delaware?
CMA - ✔✔What service are all real estate licensees permitted to perform for
clients to assess a property's value?
At least 10 feet from the edge of a public road - ✔✔In Delaware, which of these
is a legal spot to place a sign advertising one of your listings?
3 years - ✔✔How long does a brokerage have to retain escrow accounting for?
Page 1 of 18
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
,Immediately after the estimated price - ✔✔Where must the disclosure
pertaining to CMAs that begins, "Notwithstanding any language to the contrary
contained herein, this Competitive Market Analysis is NOT an appraisal ..." be
listed on the CMA?
Broker - ✔✔Katy's in charge of all the real estate activities at Katy-Did Realty in
Delaware. What license does she hold?
Easement - ✔✔What is it called when one party has the right to use land owned
by another party for a special purpose?
Voluntary - ✔✔Hope's mortgage created a lien against the property she
purchased with the mortgage. What kind of lien is this?
The dominant estate owner takes action that shows a clear intent to stop using
the easement. - ✔✔What must happen for an easement to be terminated due
to abandonment?
Easement, encroachment, Lien - ✔✔Name 3 types of encumbrances
encroachment - ✔✔Justin decided to build a privacy fence around his yard. He
thought the fence was along the property line, but it turns out he built it one
foot inside his neighbor's property. What will an inspector document as existing
on the neighboring property?
Page 2 of 18
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, An agreement between two lien holders to modify the order of lien priority -
✔✔What's a subordination agreement
They could trigger a foreclosure - ✔✔What would happen if you bought a house
and later found out that there were unpaid liens against the property?
Servient estate - ✔✔An easement dictates that property owner A gives the right
to property owner B to use a portion of the property. Which term describes
property A?
Prescriptive easement - ✔✔Which type of easement is acquired through years
of use, with one person acquiring the permanent right to use another's property
by doing so for an extended period of time?
Easement by necessity - ✔✔Without this easement—usually involving access to
a road—the owner requiring the right of passage would be landlocked.
Everything that's not real property - ✔✔What's the best definition of personal
property?
Method of annexation, agreement of parties, relationship of parties - ✔✔What
are three of the five basics tests that courts use to determine whether an item is
a fixture or personal property?
Page 3 of 18
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
