Page 1 of 43
Delaware Real Estate FINAL exam COMPLETE
QUESTIONS AND VERIFIED SOLUTIONS 2026-2027
LATEST UPDATE THIS YEAR
QUESTION: Mardee represented condo owner Carol, and they signed an exclusive agency listing
agreement. If Carol found her own buyer, would she owe Mardee a commission? - ANSWER-No,
because Carol procured the buyer.
QUESTION: Who's responsible for paying for recording documents to clear all defects from the
title? - ANSWER-The seller
QUESTION: What is one of the many programs offered for free by the Delaware Community
Reinvestment Action Council (DCRAC) to support and educate Delawareans about financial
aspects regrading credit, housing, and taxes? - ANSWER-Foredlosure prevention
QUESTION: 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?
- ANSWER-Risk of Loss
,Page 2 of 43
QUESTION: Delaware licensee Wendy is helping a buyer who is in search of a one-bedroom
condo. They find the perfect unit from seller Shania, who's lived there for five years, and are
prepared to make an offer. Wendy advises her buyer to review the resale certificate. What
information is NOT included with the resale certificate? - ANSWER-A history of the unit's
ownership since the community was first developed or became a common interest community
QUESTION: When a contract is executory (for instance, in an installment sales contract), what
type of title does the buyer hold? - ANSWER-Equitable
QUESTION: Whose contact information is listed on the final page of the Delaware statewide
residential sales contract? - ANSWER-The brokers', agents', and brokerages'
QUESTION: her uncle for the job. However, her uncle works as a home inspector in Maryland,
not in Delaware. She assures When you advise your buyer client to have a home inspection
done on the home she wants to buy, she contacts you he's licensed. Can he legally perform a
home inspection for your dient? - ANSWER-Yes, but only if he applies for and is issued a
temporary Delaware license for this specific assignment.
,Page 3 of 43
QUESTION: Licensees who take an out-of-state broker's licensing course of 99+ hours will earn
hours of CE credit in Delaware. - ANSWER-18
QUESTION: Dorcas is a Delaware licensee, so she's not allowed to_______ as a statutory agent.
- ANSWER-Draft legal forms presenting offers and counter-offers on behalf of her clients
QUESTION: Delaware licensee Sandra has been selected for a CE compliance audit. How much
time does she have to submit CE verification? - ANSWER-20 days
QUESTION: In Delaware, _______is/are considered the owner of the property on closing day. -
ANSWER-The buyer
QUESTION: The Delaware Mortgage Loan Modification Services Act (MLMSA) requires
mortgage loan modification service providers to obtain a _________ surety bond to provide
coverage to consumers who suffer damages due to the provider's misrepresentation, wrongful
acts, etc. - ANSWER-$100,000
, Page 4 of 43
QUESTION: When you are approaching your first renewal date for your real estate license in
Delaware, which of these is true? - ANSWER-The total number of CE credits you must complete
will depend on how many months you've been licensed.
Q; If a licensee needs a waiver for completion of Delaware CE requirements, when must the
request be submitted? - ANSWER-No later than 60 days before the biennial license renewal
date
QUESTION: Which lien has highest priority of these options? - ANSWER-A real property tax lien
QUESTION: How many members are appointed to the Delaware Real Estate Commission? -
ANSWER-Nine
QUESTION: Associate broker applicants must complete hours of pre-licensing education courses
to be eligible for a Delaware broker real estate license. - ANSWER-64
QUESTION: The assessed value on a home in Kent County is $165,000. What's the taxable
amount of the property? - ANSWER-$99,000
Delaware Real Estate FINAL exam COMPLETE
QUESTIONS AND VERIFIED SOLUTIONS 2026-2027
LATEST UPDATE THIS YEAR
QUESTION: Mardee represented condo owner Carol, and they signed an exclusive agency listing
agreement. If Carol found her own buyer, would she owe Mardee a commission? - ANSWER-No,
because Carol procured the buyer.
QUESTION: Who's responsible for paying for recording documents to clear all defects from the
title? - ANSWER-The seller
QUESTION: What is one of the many programs offered for free by the Delaware Community
Reinvestment Action Council (DCRAC) to support and educate Delawareans about financial
aspects regrading credit, housing, and taxes? - ANSWER-Foredlosure prevention
QUESTION: 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?
- ANSWER-Risk of Loss
,Page 2 of 43
QUESTION: Delaware licensee Wendy is helping a buyer who is in search of a one-bedroom
condo. They find the perfect unit from seller Shania, who's lived there for five years, and are
prepared to make an offer. Wendy advises her buyer to review the resale certificate. What
information is NOT included with the resale certificate? - ANSWER-A history of the unit's
ownership since the community was first developed or became a common interest community
QUESTION: When a contract is executory (for instance, in an installment sales contract), what
type of title does the buyer hold? - ANSWER-Equitable
QUESTION: Whose contact information is listed on the final page of the Delaware statewide
residential sales contract? - ANSWER-The brokers', agents', and brokerages'
QUESTION: her uncle for the job. However, her uncle works as a home inspector in Maryland,
not in Delaware. She assures When you advise your buyer client to have a home inspection
done on the home she wants to buy, she contacts you he's licensed. Can he legally perform a
home inspection for your dient? - ANSWER-Yes, but only if he applies for and is issued a
temporary Delaware license for this specific assignment.
,Page 3 of 43
QUESTION: Licensees who take an out-of-state broker's licensing course of 99+ hours will earn
hours of CE credit in Delaware. - ANSWER-18
QUESTION: Dorcas is a Delaware licensee, so she's not allowed to_______ as a statutory agent.
- ANSWER-Draft legal forms presenting offers and counter-offers on behalf of her clients
QUESTION: Delaware licensee Sandra has been selected for a CE compliance audit. How much
time does she have to submit CE verification? - ANSWER-20 days
QUESTION: In Delaware, _______is/are considered the owner of the property on closing day. -
ANSWER-The buyer
QUESTION: The Delaware Mortgage Loan Modification Services Act (MLMSA) requires
mortgage loan modification service providers to obtain a _________ surety bond to provide
coverage to consumers who suffer damages due to the provider's misrepresentation, wrongful
acts, etc. - ANSWER-$100,000
, Page 4 of 43
QUESTION: When you are approaching your first renewal date for your real estate license in
Delaware, which of these is true? - ANSWER-The total number of CE credits you must complete
will depend on how many months you've been licensed.
Q; If a licensee needs a waiver for completion of Delaware CE requirements, when must the
request be submitted? - ANSWER-No later than 60 days before the biennial license renewal
date
QUESTION: Which lien has highest priority of these options? - ANSWER-A real property tax lien
QUESTION: How many members are appointed to the Delaware Real Estate Commission? -
ANSWER-Nine
QUESTION: Associate broker applicants must complete hours of pre-licensing education courses
to be eligible for a Delaware broker real estate license. - ANSWER-64
QUESTION: The assessed value on a home in Kent County is $165,000. What's the taxable
amount of the property? - ANSWER-$99,000
