About This Book
Delaware Administrative Code 2900 establishes the rules governing the Delaware Real Estate Commission, with a primary focus on protecting the public, overseeing licensing, and setting clear standards for real estate brokers, salespersons, and industry practices.
Key provisions include:
Broker Supervision: Employing brokers bear full responsibility for ensuring that all salespersons and associate brokers under their supervision are properly licensed, complete renewals on time, and fulfill continuing education requirements.
Examination Limits: Salesperson applicants must pass both the general and state portions of the licensing exam within three attempts. Those who fail to do so are required to retake the pre-licensing course before trying again.
Property Management Exemption: Individuals performing property management duties — such as showing units, collecting rent, and handling routine maintenance — are exempt from real estate licensing requirements, provided they operate within specific, limited criteria.
Business and Advertising Standards: All listing agreements must be executed in writing. Any office location must obtain an office permit and display a permanent sign that prominently features the supervising brokerage's name before any team names.
Disclosures: When a seller qualifies for an exemption from providing a Condition Report or Radon Disclosure, the licensee must obtain a specific certification in its place prior to accepting a written listing agreement.
Practice Tests Using This Book
This book is required or recommended for 2 licensing exams. Our practice tests include questions based on this material.