Real Estate Exam Delaware Exam
Questions and Verified Detailed Answers
Most residential real estate transfers require the seller to provide the buyer
with this - ✔✔Seller's Disclosure of Real Property Condition Report
Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex
breaches the sales contract, how long does Piper have to sue Alex for breach of
contract?
Eight years
Four years - ✔✔Three years
Which of the following statements accurately describes the written lease
requirements in Delaware?
Lease agreements always have to be written.
Lease agreements don't have to be written.
Lease agreements for 120 or more days must be written.
Lease agreements for more than one year must be written. - ✔✔Lease
agreements for more than one year must be written.
Page 1 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
,Sondra, a buyer, signs all the required mortgage documentation, promising to
make all payments to her lender. Unfortunately, Sondra falls on hard times and
misses multiple payments, and the bank indicates that it's going to foreclose on
her. The foreclosure proceedings are more difficult for the lender because
Sondra holds the title to the land. What kind of state does Sondra live in?
A deed of trust theory state
A lien theory state
An intermediary theory state
A title theory state - ✔✔A lien theory state
Which form would the seller (who is the property developer) use to make
legally required disclosures for a newly constructed home in a Delaware
subdivision?
Developer's Real Property Condition Report
Seller's Real Property Condition Report
Seller's Real Property Condition Report and Radon Disclosure - Exempt Property
Certification
Page 2 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
,Seller's Real Property Condition Report - New Construction Only - ✔✔Seller's
Real Property Condition Report - New Construction Only
Which of the following provisions of the Delaware residential sales contract
states that the sellers bear responsibility for any loss in value or damage to the
house prior to closing?
Homeowners Warranty
Loss of Value
Notice to Sellers
Risk of Loss - ✔✔Risk of Loss
Which of the following is a true statement about general exemptions in
Delaware?
Charitable and religious property are typically county-specific exemptions.
Counties may offer county-specific exemptions, such as for cemeteries.
Farmland is typically exempt statewide.
Governmental and educational property are typically county-specific
exemptions. - ✔✔Counties may offer county-specific exemptions, such as for
cemeteries.
Page 3 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Delaware's statutory agency is different from common law agency because it
_______.
Begins with an agreement to compensate the licensee
Creates a fiduciary relationship
Doesn't require a written agreement to establish the agency relationship
Prohibits an agent from representing both the buyer and the seller in the same
transaction - ✔✔Doesn't require a written agreement to establish the agency
relationship
New Castle County resident Alex pays her rent to her landlord, Kyle, who lives in
Sussex County, on the first of the month. What is the grace period on her rent
payment?
10 days
Eight days
Five days
Three days - ✔✔Eight days
Which of these would be an illegal place to put a real estate sign in Delaware?
In the window of a real estate office
Page 4 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
Questions and Verified Detailed Answers
Most residential real estate transfers require the seller to provide the buyer
with this - ✔✔Seller's Disclosure of Real Property Condition Report
Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex
breaches the sales contract, how long does Piper have to sue Alex for breach of
contract?
Eight years
Four years - ✔✔Three years
Which of the following statements accurately describes the written lease
requirements in Delaware?
Lease agreements always have to be written.
Lease agreements don't have to be written.
Lease agreements for 120 or more days must be written.
Lease agreements for more than one year must be written. - ✔✔Lease
agreements for more than one year must be written.
Page 1 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
,Sondra, a buyer, signs all the required mortgage documentation, promising to
make all payments to her lender. Unfortunately, Sondra falls on hard times and
misses multiple payments, and the bank indicates that it's going to foreclose on
her. The foreclosure proceedings are more difficult for the lender because
Sondra holds the title to the land. What kind of state does Sondra live in?
A deed of trust theory state
A lien theory state
An intermediary theory state
A title theory state - ✔✔A lien theory state
Which form would the seller (who is the property developer) use to make
legally required disclosures for a newly constructed home in a Delaware
subdivision?
Developer's Real Property Condition Report
Seller's Real Property Condition Report
Seller's Real Property Condition Report and Radon Disclosure - Exempt Property
Certification
Page 2 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
,Seller's Real Property Condition Report - New Construction Only - ✔✔Seller's
Real Property Condition Report - New Construction Only
Which of the following provisions of the Delaware residential sales contract
states that the sellers bear responsibility for any loss in value or damage to the
house prior to closing?
Homeowners Warranty
Loss of Value
Notice to Sellers
Risk of Loss - ✔✔Risk of Loss
Which of the following is a true statement about general exemptions in
Delaware?
Charitable and religious property are typically county-specific exemptions.
Counties may offer county-specific exemptions, such as for cemeteries.
Farmland is typically exempt statewide.
Governmental and educational property are typically county-specific
exemptions. - ✔✔Counties may offer county-specific exemptions, such as for
cemeteries.
Page 3 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Delaware's statutory agency is different from common law agency because it
_______.
Begins with an agreement to compensate the licensee
Creates a fiduciary relationship
Doesn't require a written agreement to establish the agency relationship
Prohibits an agent from representing both the buyer and the seller in the same
transaction - ✔✔Doesn't require a written agreement to establish the agency
relationship
New Castle County resident Alex pays her rent to her landlord, Kyle, who lives in
Sussex County, on the first of the month. What is the grace period on her rent
payment?
10 days
Eight days
Five days
Three days - ✔✔Eight days
Which of these would be an illegal place to put a real estate sign in Delaware?
In the window of a real estate office
Page 4 of 34
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
