Q&A 100% Guaranteed Pass
Of the nine members on the commission, how many are real estate
professionals?
Five
Nine
Seven
Three - ✔✔Five
Who appoints members to the Delaware Real Estate Commission?
A lottery system
The Delaware Association of REALTORS®
The governor
The public - ✔✔The governor
The purpose of the Delaware Real Estate Commission is to protect the public by
______.
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,Developing standards for the real estate industry
Offering free legal advice for real estate matters
Regulating real estate sales in the state
Testing licensees annually - ✔✔Developing standards for the real estate
industry
One of the fees charged to licensees by the Delaware Real Estate Commission is
for _____.
Credit check
License application
Licensure tax
Membership - ✔✔License application
Which of the following is a power of the Delaware Real Estate Commission?
Assigning a licensee to a specific broker affiliate for mentoring
Conducting audits
Issuing an automatic fine to a licensee without holding a hearing
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,Teaming up with law enforcement agencies to crack down on license law
violations - ✔✔Conducting audits
Which of these things is the Delaware Real Estate Commission empowered to
do to ensure that licensees are following license laws appropriately?
Assign new licensee Chad to a brokerage with an excellent reputation for
supporting licensees rather than the firm to which he asked to be associated.
Conduct an audit of the escrow accounts at ABC Brokerage during normal
business hours.
Issue an automatic fine to licensee Brenda upon notification that she'd violated
her brokerage's policy.
Work in conjunction with law enforcement to initiate a "sting" operation
designed to catch licensees violating license laws. - ✔✔Conduct an audit of the
escrow accounts at ABC Brokerage during normal business hours.
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, How many commission members are appointed from the public?
Eight
Four
Six
Two - ✔✔Four
After holding license law violation hearings, what action will the Delaware Real
Estate Commission take?
Impose any necessary sanctions or other penalties against the licensee.
Impose jail time.
Provide counseling to the licensee.
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