DE real estate practice exam Verified
Questions and Correct Answers
Residential mortgage foreclosure, mediation program mediators, who work with
the program are
Federal employees
Lender employees
Neutral
Paid for by the homeowners - ANSWER>>Neutral
Which of the following statements is true about groundwater?
It is a source of drinking water
It is easy to decontaminate
It is not affected by severe weather
It is not regulated because it is hard to contaminate - ANSWER>>Its a source of
drinking water
As part of her service to real estate client Delaware real estate licensee Gwen
offers opinions about the validity and status of her clients property title. Under
what circumstance can she do this? - ANSWER>>Never
Which of the following is the DE Real Estate Commission empowered to do?
Hold a public vote when licensee law violation have been committed
Monitor complaints against licenses
Provide internships to new licenses
Seal all commission documents from public record - ANSWER>>Monitor
complaints against licensees
Which Delaware law proceeded the Delaware uniform time and interest
ownership act and may be relevant to certain or communities - ANSWER>>Unit
property act
, Which type of ownership termination allows each tenant to have a specific
divided portion (partition) of the property exclusively?
Termination by division
Termination of co-ownership by partition
Termination of estate in severalty
Termination of joint tenancies - ANSWER>>Termination of co-ownership by
partition
Delaware licensee Gina is under investigation for potential violation of license
law. Which of these statements is not true?
A commission member can service a confidential advisor to the investigator
After hearing is allowed to submit an appeal, she disagrees with the commissions
decision
If found guilty at seven, members of the commission must agree to any
disciplinary post on Gina
Commission request doc documents for guidance and witnesses to provide
evidence if the investigation results and hearing - ANSWER>>If Gina is found guilty
at least seven members of the commission must agree to any disciplinary
measure imposed on Gina
Instead of paying part, all of the security deposit tenant decides to purchase a
surety bond. His landlord agrees he can do this from where must he purchase the
bond?
From a carrier license by the Delaware department of insurance
From a carrier licensed by the Delaware real estate commission
From any bank licensed in Delaware
From his landlord - ANSWER>>From a carrier licensed by the DE Real Estate
Commission
Under what circumstances is a real estate licensing permitted to give legal advice
and Delaware? - ANSWER>>Never
Questions and Correct Answers
Residential mortgage foreclosure, mediation program mediators, who work with
the program are
Federal employees
Lender employees
Neutral
Paid for by the homeowners - ANSWER>>Neutral
Which of the following statements is true about groundwater?
It is a source of drinking water
It is easy to decontaminate
It is not affected by severe weather
It is not regulated because it is hard to contaminate - ANSWER>>Its a source of
drinking water
As part of her service to real estate client Delaware real estate licensee Gwen
offers opinions about the validity and status of her clients property title. Under
what circumstance can she do this? - ANSWER>>Never
Which of the following is the DE Real Estate Commission empowered to do?
Hold a public vote when licensee law violation have been committed
Monitor complaints against licenses
Provide internships to new licenses
Seal all commission documents from public record - ANSWER>>Monitor
complaints against licensees
Which Delaware law proceeded the Delaware uniform time and interest
ownership act and may be relevant to certain or communities - ANSWER>>Unit
property act
, Which type of ownership termination allows each tenant to have a specific
divided portion (partition) of the property exclusively?
Termination by division
Termination of co-ownership by partition
Termination of estate in severalty
Termination of joint tenancies - ANSWER>>Termination of co-ownership by
partition
Delaware licensee Gina is under investigation for potential violation of license
law. Which of these statements is not true?
A commission member can service a confidential advisor to the investigator
After hearing is allowed to submit an appeal, she disagrees with the commissions
decision
If found guilty at seven, members of the commission must agree to any
disciplinary post on Gina
Commission request doc documents for guidance and witnesses to provide
evidence if the investigation results and hearing - ANSWER>>If Gina is found guilty
at least seven members of the commission must agree to any disciplinary
measure imposed on Gina
Instead of paying part, all of the security deposit tenant decides to purchase a
surety bond. His landlord agrees he can do this from where must he purchase the
bond?
From a carrier license by the Delaware department of insurance
From a carrier licensed by the Delaware real estate commission
From any bank licensed in Delaware
From his landlord - ANSWER>>From a carrier licensed by the DE Real Estate
Commission
Under what circumstances is a real estate licensing permitted to give legal advice
and Delaware? - ANSWER>>Never
