Delaware - Real Estate State Exam
Practice Q&A 100% Pass
Stan and Laura own a mobile home located in the Delaware Downs Mobile
Home Park. When the park's owner gives them notice that the park is up for
sale, what right do they and the other resident homeowners have? (Q4) -
✔✔The right to accept, counter, or reject the price and terms
Who are the parties to the sales contract in Delaware? (Q6) - ✔✔The buyers and
sellers
Which of these is NOT a Delaware broker of record's responsibility? Q15 - ✔✔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? - ✔✔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? - ✔✔Statutory
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COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Q26 - You're a Delaware licensee meeting with a potential seller client for the
first time. Which of these things must you do first? - ✔✔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? - ✔✔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? - ✔✔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. -
✔✔$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
Page 2 of 5
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
Practice Q&A 100% Pass
Stan and Laura own a mobile home located in the Delaware Downs Mobile
Home Park. When the park's owner gives them notice that the park is up for
sale, what right do they and the other resident homeowners have? (Q4) -
✔✔The right to accept, counter, or reject the price and terms
Who are the parties to the sales contract in Delaware? (Q6) - ✔✔The buyers and
sellers
Which of these is NOT a Delaware broker of record's responsibility? Q15 - ✔✔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? - ✔✔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? - ✔✔Statutory
Page 1 of 5
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Q26 - You're a Delaware licensee meeting with a potential seller client for the
first time. Which of these things must you do first? - ✔✔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? - ✔✔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? - ✔✔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. -
✔✔$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
Page 2 of 5
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
