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Delaware Laws, Rules, and Regulations Examination — Broker — Information & Free Practice

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Delaware Laws, Rules, and Regulations Examination — Broker

Provider
Pearson VUE
Format
Computer-based written examination
Exam questions
50 scored questions and 10 unscored pretest questions
Passing score
70 scaled score
Examination outline
  • I. Duties and Powers of the Real Estate Commission
    • A. Purpose, powers, and composition
    • B. Investigations, hearings, and appeals
    • C. Sanctions
    • C.1. Reprimand, suspension, revocation, fines, and probation
    • D. Guaranty Fund
  • II. Licensing Requirements
    • A. Activities requiring a license
    • B. Types of licenses
    • C. Eligibility for licensing
    • D. License renewal
    • E. Continuing education
    • F. Change in license
  • III. Statutory Requirements Governing the Activities of Licensees
    • A. Advertising
    • B. Broker/associate broker/salesperson relationship
    • C. Disclosures
    • C.1. 3 Seller’s Disclosure of Real Property Condition Report forms and the Exemption Property Certification form
    • C.2. Radon disclosure and exemptions
    • C.3. Other (leases, agricultural-related disclosures, etc.)
    • C.4. Psychologically Impacted Properties
    • D. Handling of documents
    • E. Handling of monies
    • F. Public responsibility
    • F.1. Unfair inducements
    • F.2. Unauthorized practice of law
    • F.3. Unauthorized appraisals and CMAs
    • G. Agency relationships and issues
    • G.1. Consumer Information Statement
    • G.2. Confidentiality
    • G.3. Permitted actions
    • G.4. Statutory duties
    • G.5. Presumed agency and dual agency
    • H. Voluntary Treatment Options (Rule 14)
  • IV. Additional State Topics
    • A. Unit Property Act (condos)
    • B. Delaware Uniform Common Interest Ownership Act (DUCIOA)
    • B.1. Resale certification form and its contents
    • B.2. Applicability of the statute
    • B.3. Escrow deposits for homebuilders
    • C. Landlord-Tenant code
    • D. Transfer taxes
    • E. Ownership and deeds
    • E.1. Title
    • E.2. Forms of ownership
    • E.3. Unimproved land – Notice to Buyer Regarding Sewer/Water
    • F. Delaware Fair Housing Act
    • F.1. Protected Statuses
    • F.2. Enforcement
    • G. Survey
    • H. DNREC Wastewater Regulations and site evaluation
    • I. Sign placement – Clear Zone Safety Law
    • J. Seller financing
    • J.1. Purchase money mortgages
    • K. Tax ditch
    • L. Manufactured housing right of first offer/refusal
    • M. Uniform Electronic Transactions Act (UETA)
    • N. Real Estate Tax Return, Declaration of Estimated Income Tax Form 5403
    • O. Consumer Fraud Act – Consumer protection and applicability to licensees
    • P. Home Inspectors Statute
    • Q. Green Energy
    • Q.1. Solar
    • Q.1.a. Deed Restrictions
    • Q.1.b. System Leases
    • Q.2. Wind Turbine
    • Q.2.a. Deed Restrictions
  • V. Broker Only
    • A. Escrow accounts
    • B. Examination of records
    • C. Eligibility for licensing
    • D. Place of business
    • D.1. Supervision
    • E. Foreclosure consultants
    • F. Manufactured homes/department of motor vehicles (DMV)
    • G. New Home Buyer Protection Act – Escrow unfinished work
    • H. Commercial Broker’s Lien
    • I. Conditional/installment sales agreements
    • J. Mortgage Loan Modification Services – Coverage and Exemption
Examination sources

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This examination may be required or accepted as an alternative, depending on the license and application pathway.