Delaware Salesperson Exam Prep Edge Delaware Practice Real Estate Exam Questions

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In order to become a Delaware real estate agent, you'll need to pass the real estate exam! Below are eight free real estate practice exam questions that will closely resemble your Delaware licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. Delaware licensee Teresa has been contacted by another licensee whose client wants to view one of Teresa’s listings. Does Teresa have to give the buyer a copy of the Consumer Information Statement?

  1. No, but she must give the CIS to the buyer’s agent to disclose the existing agency relationships.
  2. No, the buyer is represented by another licensee, so Teresa doesn’t need to present the CIS to this consumer.
  3. Yes, she must give the CIS to any consumer with whom she discusses a potential sale, whether it’s a buyer or a seller.
  4. Yes, she must give the CIS to every consumer to whom she shows a property.

2. To which of the following rentals would the Delaware Residential Landlord-Tenant Code apply?

  1. "A five-month lease in Rehoboth Beach
  2. A hospital
  3. A hotel stay
  4. A nonrenewable three-month lease in Baltimore Hundred

3. The Delaware Real Estate Commission has the authority to impose which of these sanctions on a licensee who's violated license law?

  1. A fine of not more than $5,000 for each violation
  2. A fine of up to $10,000
  3. House arrest
  4. Jail time

4. Sasha’s buyer clients almost always obtain financing to buy property. In Delaware's New Castle county, what type of survey may be performed in Sasha’s transactions, as long as the buyer signs a waiver?

  1. A minimal survey for financing (MSF)
  2. A mortgage survey plan (MSP)
  3. An improvement location certificate (ILC)
  4. An improvements financing survey (IFS)

5. As part of her service to real estate clients, Delaware real estate licensee Gwen offers opinions about the validity and status of her clients’ property title. Under what circumstance can she do this?

  1. After she consults her former boss where she was a title examiner
  2. As long as she researches the situation on the Internet and provides a printout
  3. If she has a document verifying her opinion notarized
  4. Never

6. What is one of the steps you need to take if you choose to affiliate with more than one Delaware broker?

  1. Give notice to the Delaware Association of REALTORS®.
  2. Give written notice to each broker with whom you’re currently affiliated that you plan to affiliate with an additional broker.
  3. Obtain approval from the governor’s office.
  4. Receive approval from your current clients.

7. In Delaware, which of these is a legal spot to place a sign advertising one of your listings?

  1. At least 10 feet from the edge of a public road
  2. At least four feet from the paved edge of a residential street
  3. At least seven feet above the ground on a utility pole
  4. On the median strip of a roadway with at least four lanes

8. Your seller client has offered financing to the buyers, who aren’t able to qualify for an institutional loan. They’re using an installment sales contract. Which of these provisions will NOT be part of the contract according to Delaware law?

  1. A description of the property’s rental value
  2. The buyer’s right of redemption, which requires paying the full purchase price within 120 days after default
  3. The conversion of the sales contract to a landlord/tenant agreement if the buyer defaults and doesn’t redeem
  4. The seller’s right to foreclose judicially should the buyer default and fail to reinstate the loan within 60 days
Answers: 1. B, 2. A, 3. A, 4. B, 5. D, 6. A, 7. A, 8. D

 

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