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Delaware Real Estate Broker — Requirements & Free Practice

US-DE · License preparation

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Licenses, application pathways and examination requirements

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Associate Broker

Individual associate broker licensed under an employing broker; the broker examination is the same state examination used for Broker licensure.

Licensing authority: Delaware Real Estate Commission · Application information

Additional license for another office
No examination is required for this applicant pathway.
Additional Office
Obtain the additional employing broker’s written commitment, notify all existing employing brokers, and obtain their and the additional broker’s written approvals under section 2910(b).
Application
Complete the additional-license application procedures and supporting broker statements.
Examination Basis
Sections 2910(b) and 2919(d) define an additional license based on current Delaware licensure and office affiliations; prior licensure is an applicant condition.
Existing License
Hold an active Delaware license of the same type.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination
Applicant Category
Applicant without an active Broker or Associate Broker license in another jurisdiction; passing scores may precede the application.
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Application Time
Apply within twelve months of the broker course; Rule 3.1.4 exempts the specified courses and otherwise requires prorated CE under Rule 14.3.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Exam Attempts
Pass both broker general and Delaware state portions in no more than three attempts; otherwise retake the broker prelicensing course.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Prelicensing Education
Complete the approved 99-hour Delaware broker prelicensing course and supply completion certificates; Rule 3.1.2 allows another-jurisdiction broker course hours for an actively licensed broker.
Scores
Have Pearson VUE send the passing general and Delaware law scores directly to the Commission.
Sponsoring Broker
Written acceptance by a sponsoring Delaware-licensed broker and the Statement of Broker of Record; the employing Delaware office must have an active permit.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Placement on inactive status
No examination is required for this applicant pathway.
Existing License
Hold an active Delaware license and request inactive status on the prescribed form.
Fees
Pay the prescribed status-change fee.
Practice
No practice while inactive; inactive status may continue for an unlimited time, subject to applicable registration and renewal requirements.

Official no-examination sources

Effective from 2026-09-22.

Late renewal within thirty days
No examination is required for this applicant pathway.
Continuing Education
Complete required CE by April 30 of the completed renewal period; the late-renewal period does not extend the CE deadline.
Expiration
File no later than thirty days after license expiration.
Fees
Pay renewal and late fees.
Practice
Do not practice until the expired license has actually been renewed.

Official no-examination sources

Effective from 2026-09-22.

Continuation and renewal during or after active military deployment
No examination is required for this applicant pathway.
Extension
For a license requiring CE, statutory protection extends expiration until 270 days after return from active deployment.
Military Eligibility
Qualifying military licensee with a valid license at deployment; submit official deployment verification.
Remaining Requirements
Protection does not waive other applicable licensing requirements.
Renewal Documentation
Submit renewal information and proof of CE within 180 days after return from active deployment under section 8735(p)(3).

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination with military education, training or experience credit
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Application Time
Apply within twelve months of the broker course; Rule 3.1.4 exempts the specified courses and otherwise requires prorated CE under Rule 14.3.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Exam Attempts
Pass both broker general and Delaware state portions in no more than three attempts; otherwise retake the broker prelicensing course.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Military Credit
Active duty, National Guard, reserve, retired military or veteran may receive credit for substantially equivalent military education, training or experience upon Commission approval; all other requirements, including both examinations, remain applicable.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Prelicensing Education
Complete the approved 99-hour Delaware broker prelicensing course and supply completion certificates; Rule 3.1.2 allows another-jurisdiction broker course hours for an actively licensed broker.
Scores
Have Pearson VUE send the passing general and Delaware law scores directly to the Commission.
Sponsoring Broker
Written acceptance by a sponsoring Delaware-licensed broker and the Statement of Broker of Record; the employing Delaware office must have an active permit.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Military reinstatement within two years, short expiration
No examination is required for this applicant pathway.
Discipline
Not available for suspended or revoked licenses unless reinstated before lapse or expiration.
Education
All seven CE modules.
Expiration
More than thirty days but less than six months within the statutory two-year period.
Fees
Pay all applicable reinstatement fees.
Military Eligibility
Qualifying person or spouse assigned to a Delaware duty station; supply official military or relationship verification.

Official no-examination sources

Effective from 2026-09-22.

Military reinstatement within two years, six months or more
Delaware Laws, Rules, and Regulations Examination — Broker
Discipline
Not available for suspended or revoked licenses unless reinstated before lapse or expiration.
Education
Complete the Delaware prelicensing law course.
Expiration
Six months or more but less than two years of lapse or expiration; the exact two-year anniversary follows the separately documented Rule 13.1.3 routes.
Fees
Pay all applicable reinstatement fees.
Military Eligibility
Qualifying person or spouse assigned to a Delaware duty station; supply official military or relationship verification.
Two Year Anniversary General Exam
For the exact two-year anniversary without qualifying recent other-jurisdiction practice, use the separately documented two-years-without-practice route, which retains both examination leaves; this route covers under two years or the state-only anniversary category.
New application after nonpermanent revocation
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Discretion
Commission may deny the application notwithstanding completion of course and examinations.
Education
Retake and pass the applicable broker real estate course.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Revocation
Prior revocation must not be permanent; wait at least two years from revocation.
Scores
Retake and pass the Commission’s applicable broker examination, whose general and state portions are identified by section 2907(c)(6) and Rule 3.1.3.
Sponsoring Broker
Written acceptance by a sponsoring Delaware-licensed broker and the Statement of Broker of Record; the employing Delaware office must have an active permit.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Change of employing office or broker of record
No examination is required for this applicant pathway.
Change Documentation
Submit the signed change/transfer form; the Commission may waive outgoing broker signature for good cause.
Employing Office
Select the Delaware-licensed employing broker and correct office permit or outside-Delaware office address.
Existing License
Associate Broker in active, probation or terminated status.
Termination
A terminated associate broker must await the Commission’s new license identifying the new employing broker and approved location before resuming services.

Official no-examination sources

Effective from 2026-09-22.

Reactivation of inactive license
No examination is required for this applicant pathway.
Education
Meet CE requirements for every renewal period the license was inactive.
Fees
Pay biennial registration fees for the inactive periods.
Notice
Notify the Commission of intent to reactivate.

Official no-examination sources

Effective from 2026-09-22.

Licensure by reciprocity
Delaware Laws, Rules, and Regulations Examination — Broker
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Current License
Hold an active Broker or Associate Broker license in good standing in another U.S. jurisdiction.
General Exam Waiver
Obtain Pearson VUE Client Waiver approval before scheduling only the Delaware state portion; reciprocity statute section 2909 requires the state portion, not a new national examination.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Outside Office Consent
An applicant for an office outside Delaware must give irrevocable consent to service of process under section 2909(f).
Pending Discipline
No Delaware issuance until disciplinary proceedings or unresolved complaints are resolved.
Scores
Have Pearson VUE send the passing Delaware law score directly to the Commission.
Sponsoring Broker
Written acceptance by a sponsoring Delaware-licensed broker and the Statement of Broker of Record; the employing Delaware office must have an active permit.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Reinstatement after disability suspension
No examination is required for this applicant pathway.
Documentation
Pay applicable fees and provide Commission-required evidence and any applicable CE documentation.
Hearing
After a hearing, satisfy the Commission that the applicant can practice with reasonable skill and safety.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement after six months or more but less than two years expiration
Delaware Laws, Rules, and Regulations Examination — Broker
Education
Complete Delaware prelicensing law course.
Expiration
Six months or more but less than two years; the exact six-month boundary follows Rule 13.1.2.
Fees
Pay required late fees.
Scores
Retake and pass the broker Delaware state law portion and arrange the official Pearson VUE score report.
Reinstatement after suspension upon corrective actions
No examination is required for this applicant pathway.
Documentation
Submit required proof, pay fees and satisfy any appropriate continuing education requirement.
Hearing
After a hearing, satisfy the Commission that prescribed corrective actions and all suspension conditions are fulfilled.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement after at least two years with recent other jurisdiction practice
Delaware Laws, Rules, and Regulations Examination — Broker
Board Instructions Conflict
The DPR Reinstatement page, Examinations for Reinstatement, states: two or more years after the license expiration date must re-take and pass both the National and Delaware Law portions of the examination request your score report from Pearson VUE to be sent directly to the Commission office Rule 13.1.3.2 has higher authority and controls the examination set for this applicant category.
Continuing Education
Complete all seven continuing education modules.
Expiration
Two years or more.
Fees
Pay required late fees.
Recent Other Practice
Actively licensed and practicing in another U.S. jurisdiction for at least one of the two years immediately before application.
State Score
Pass only the Delaware state portion under Rule 13.1.3.2.
Reinstatement after at least two years without qualifying recent other jurisdiction practice
Continuing Education
Complete all seven continuing education modules.
Expiration
Two years or more.
Fees
Pay required late fees.
Prelicensing Course
Complete the applicable broker real estate course.
Recent Other Practice
Not actively licensed and practicing in another U.S. jurisdiction for at least one of the two preceding years.
Scores
Retake and pass both broker state and general portions.
Reinstatement after more than thirty days but less than six months expiration
No examination is required for this applicant pathway.
Continuing Education
Complete all seven continuing education modules under Section 14.
Documentation
Submit reinstatement application and supporting license/office documentation applicable to the existing license type.
Expiration
More than thirty days but less than six months.
Fees
Pay required late fees.

Official no-examination sources

Effective from 2026-09-22.

Removal from probationary status
No examination is required for this applicant pathway.
Documentation
Submit required proof, applicable fees and appropriate continuing education documentation.
Hearing
Satisfy the Commission after a hearing that prescribed corrective actions and all probation conditions are fulfilled.

Official no-examination sources

Effective from 2026-09-22.

Biennial renewal of active license
No examination is required for this applicant pathway.
Continuing Education
Rule 12.2 requires all licensees to satisfy Section 14 CE, ordinarily twenty-one hours in seven modules subject to proration and any approved waiver; inactive reactivation requires CE for each inactive renewal period.
Criminal Disclosure
Disclose convictions since the previous renewal under section 2910(e).
Current License
Existing active license.
Renewal Date
Renew in DELPROS by April 30 of even-numbered years and pay the renewal fee.

Official no-examination sources

Effective from 2026-09-22.

Biennial renewal of inactive license
No examination is required for this applicant pathway.
Board Instructions
DPR Renewal page, Inactive and Reactivating Licenses, states: To maintain your inactive license, you must renew it in DELPROS before the expiration date. Renewal will keep your license in inactive status for two more years. No CE is required at the time of renewal. You are not allowed to practice in Delaware while your license is inactive. This implementing statement says no CE at inactive renewal; the rule’s CE requirements and reactivation requirements are retained as conditions.
Continuing Education
Rule 12.2 requires all licensees to satisfy Section 14 CE, ordinarily twenty-one hours in seven modules subject to proration and any approved waiver; inactive reactivation requires CE for each inactive renewal period.
Criminal Disclosure
Disclose convictions since the previous renewal under section 2910(e).
Current License
Existing inactive license
Renewal Date
Renew in DELPROS by April 30 of even-numbered years and pay the renewal fee.

Official no-examination sources

Effective from 2026-09-22.

Unrestricted licensure after Voluntary Treatment Option
No examination is required for this applicant pathway.
Completion
Apply for unrestricted licensure after completing the approved Voluntary Treatment Option program.
Existing Restricted License
Existing professional license subject to treatment-related restrictions.

Official no-examination sources

Effective from 2026-09-22.

Associate Broker — Provisional Professional License

Provisional professional license for qualifying military members or spouses while a Delaware endorsement or reciprocity application is pending, valid for up to six months and not renewable.

Licensing authority: Delaware Real Estate Commission · Application information

Provisional licensure for military member
Delaware Laws, Rules, and Regulations Examination — Broker
Application
Submit the signed notarized provisional application through DELPROS using a DELPROS user account, provide verifications and pay applicable fees.
Duration
No more than six months from provisional issuance; cannot be renewed.
Duty Assignment
Supply verification of the qualifying person’s Delaware duty assignment acceptable to DPR; the application form also describes deployment by the President or Delaware Governor.
Existing License
Current same-profession license in good standing in a U.S. jurisdiction with substantially similar requirements, with no unresolved complaint, review or disciplinary proceeding.
Military Eligibility
Qualifying military member; submit official military verification.
Pending Reciprocity
Full Delaware reciprocal license application must be pending or filed simultaneously. Section 8735(r) incorporates reciprocal-application documentation; section 2909(c)(4) identifies the current Delaware broker state exam. The leaf records that involved examination; provisional practice may precede completion of the pending full-license application.
Provisional licensure for military spouse
Delaware Laws, Rules, and Regulations Examination — Broker
Application
Submit the signed notarized provisional application through DELPROS using a DELPROS user account, provide verifications and pay applicable fees.
Duration
No more than six months from provisional issuance; cannot be renewed.
Duty Assignment
Supply verification of the qualifying person’s Delaware duty assignment acceptable to DPR; the application form also describes deployment by the President or Delaware Governor.
Existing License
Current same-profession license in good standing in a U.S. jurisdiction with substantially similar requirements, with no unresolved complaint, review or disciplinary proceeding.
Military Eligibility
Spouse of qualifying military member; submit marriage/civil-union and military verification.
Pending Reciprocity
Full Delaware reciprocal license application must be pending or filed simultaneously. Section 8735(r) incorporates reciprocal-application documentation; section 2909(c)(4) identifies the current Delaware broker state exam. The leaf records that involved examination; provisional practice may precede completion of the pending full-license application.

Broker

Individual broker responsible for day-to-day management and supervision of a brokerage organization; applicants also apply for a real estate office permit.

Licensing authority: Delaware Real Estate Commission · Application information

Additional license for another office
No examination is required for this applicant pathway.
Additional Office
Obtain an additional same-type license for the additional office. Broker branch offices also require an office permit, designated on-site supervisor with five years continuous real estate services experience, and supervision under section 2919(d).
Application
Complete the additional-license application procedures and supporting broker statements.
Examination Basis
Sections 2910(b) and 2919(d) define an additional license based on current Delaware licensure and office affiliations; prior licensure is an applicant condition.
Existing License
Hold an active Delaware license of the same type.

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination
Applicant Category
Applicant without an active Broker or Associate Broker license in another jurisdiction; passing scores may precede the application.
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Application Time
Apply within twelve months of the broker course; Rule 3.1.4 exempts the specified courses and otherwise requires prorated CE under Rule 14.3.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Exam Attempts
Pass both broker general and Delaware state portions in no more than three attempts; otherwise retake the broker prelicensing course.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Management
Verify responsibility for day-to-day management and supervision of the brokerage organization.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Office
Apply for an office permit for a Delaware office and meet escrow-account requirements of section 2923(a) and Rule 6.0; for an established office submit the outgoing broker’s replacement letter or an explanation; other-jurisdiction office verification must identify the office.
Prelicensing Education
Complete the approved 99-hour Delaware broker prelicensing course and supply completion certificates; Rule 3.1.2 allows another-jurisdiction broker course hours for an actively licensed broker.
Recent Practice
Actively practice real estate as a licensed salesperson or associate broker for the three years immediately preceding application under Rule 4.1.1.
Scores
Have Pearson VUE send the passing general and Delaware law scores directly to the Commission.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Placement on inactive status
No examination is required for this applicant pathway.
Existing License
Hold an active Delaware license and request inactive status on the prescribed form.
Fees
Pay the prescribed status-change fee.
Practice
No practice while inactive; inactive status may continue for an unlimited time, subject to applicable registration and renewal requirements.

Official no-examination sources

Effective from 2026-09-22.

Late renewal within thirty days
No examination is required for this applicant pathway.
Continuing Education
Complete required CE by April 30 of the completed renewal period; the late-renewal period does not extend the CE deadline.
Expiration
File no later than thirty days after license expiration.
Fees
Pay renewal and late fees.
Practice
Do not practice until the expired license has actually been renewed.

Official no-examination sources

Effective from 2026-09-22.

Continuation and renewal during or after active military deployment
No examination is required for this applicant pathway.
Extension
For a license requiring CE, statutory protection extends expiration until 270 days after return from active deployment.
Military Eligibility
Qualifying military licensee with a valid license at deployment; submit official deployment verification.
Remaining Requirements
Protection does not waive other applicable licensing requirements.
Renewal Documentation
Submit renewal information and proof of CE within 180 days after return from active deployment under section 8735(p)(3).

Official no-examination sources

Effective from 2026-09-22.

Licensure by examination with military education, training or experience credit
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Application Time
Apply within twelve months of the broker course; Rule 3.1.4 exempts the specified courses and otherwise requires prorated CE under Rule 14.3.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Exam Attempts
Pass both broker general and Delaware state portions in no more than three attempts; otherwise retake the broker prelicensing course.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Management
Verify responsibility for day-to-day management and supervision of the brokerage organization.
Military Credit
Active duty, National Guard, reserve, retired military or veteran may receive credit for substantially equivalent military education, training or experience upon Commission approval; all other requirements, including both examinations, remain applicable.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Office
Apply for an office permit for a Delaware office and meet escrow-account requirements of section 2923(a) and Rule 6.0; for an established office submit the outgoing broker’s replacement letter or an explanation; other-jurisdiction office verification must identify the office.
Prelicensing Education
Complete the approved 99-hour Delaware broker prelicensing course and supply completion certificates; Rule 3.1.2 allows another-jurisdiction broker course hours for an actively licensed broker.
Recent Practice
Actively practice real estate as a licensed salesperson or associate broker for the three years immediately preceding application under Rule 4.1.1.
Scores
Have Pearson VUE send the passing general and Delaware law scores directly to the Commission.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Military reinstatement within two years, short expiration
No examination is required for this applicant pathway.
Discipline
Not available for suspended or revoked licenses unless reinstated before lapse or expiration.
Education
All seven CE modules.
Expiration
More than thirty days but less than six months within the statutory two-year period.
Fees
Pay all applicable reinstatement fees.
Military Eligibility
Qualifying person or spouse assigned to a Delaware duty station; supply official military or relationship verification.

Official no-examination sources

Effective from 2026-09-22.

Military reinstatement within two years, six months or more
Delaware Laws, Rules, and Regulations Examination — Broker
Discipline
Not available for suspended or revoked licenses unless reinstated before lapse or expiration.
Education
Complete the Delaware prelicensing law course.
Expiration
Six months or more but less than two years of lapse or expiration; the exact two-year anniversary follows the separately documented Rule 13.1.3 routes.
Fees
Pay all applicable reinstatement fees.
Military Eligibility
Qualifying person or spouse assigned to a Delaware duty station; supply official military or relationship verification.
Two Year Anniversary General Exam
For the exact two-year anniversary without qualifying recent other-jurisdiction practice, use the separately documented two-years-without-practice route, which retains both examination leaves; this route covers under two years or the state-only anniversary category.
New application after nonpermanent revocation
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Discretion
Commission may deny the application notwithstanding completion of course and examinations.
Education
Retake and pass the applicable broker real estate course.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Management
Verify responsibility for day-to-day management and supervision of the brokerage organization.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Office
Apply for an office permit for a Delaware office and meet escrow-account requirements of section 2923(a) and Rule 6.0; for an established office submit the outgoing broker’s replacement letter or an explanation; other-jurisdiction office verification must identify the office.
Recent Practice
Actively practice real estate as a licensed salesperson or associate broker for the three years immediately preceding application under Rule 4.1.1.
Revocation
Prior revocation must not be permanent; wait at least two years from revocation.
Scores
Retake and pass the Commission’s applicable broker examination, whose general and state portions are identified by section 2907(c)(6) and Rule 3.1.3.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Change of employing office or broker of record
No examination is required for this applicant pathway.
Change Documentation
Submit the signed change/transfer form; the Commission may waive outgoing broker signature for good cause.
Employing Office
Submit the signed Broker Transfer Form and Multiple Transferring Licenses request when taking over the same Office/Agency.
Existing License
Broker of Record in active or probation status.
Termination
A relocated broker office requires notice and a new office application.

Official no-examination sources

Effective from 2026-09-22.

Reactivation of inactive license
No examination is required for this applicant pathway.
Education
Meet CE requirements for every renewal period the license was inactive.
Fees
Pay biennial registration fees for the inactive periods.
Notice
Notify the Commission of intent to reactivate.

Official no-examination sources

Effective from 2026-09-22.

Licensure by reciprocity
Delaware Laws, Rules, and Regulations Examination — Broker
Application And Fees
Submit the DELPROS application, supporting documents, prescribed fees and Guaranty Fund fee where not already paid; name-change documentation if applicable.
Character And Fitness
Satisfy section 2907(a): professional discipline review, ability to practice safely, and substantially related criminal conviction or pending-charge review, subject to the statutory waiver procedure.
Continuous Experience
Five continuous years of active Delaware or other-jurisdiction salesperson/broker licensure immediately before application; late renewal within thirty days does not break continuity under Rule 3.1.1.
Current License
Hold an active Broker or Associate Broker license in good standing in another U.S. jurisdiction.
General Exam Waiver
Obtain Pearson VUE Client Waiver approval before scheduling only the Delaware state portion; reciprocity statute section 2909 requires the state portion, not a new national examination.
License History
Provide verification from every jurisdiction in which currently or previously licensed; Rule 3.2.2 requires history dated within thirty days of application.
Management
Verify responsibility for day-to-day management and supervision of the brokerage organization.
Minimum Age
At least 23 years of age under 24 Del. C. section 2907(c)(2).
Office
Apply for an office permit for a Delaware office and meet escrow-account requirements of section 2923(a) and Rule 6.0; for an established office submit the outgoing broker’s replacement letter or an explanation; other-jurisdiction office verification must identify the office.
Outside Office Consent
An applicant for an office outside Delaware must give irrevocable consent to service of process under section 2909(f).
Pending Discipline
No Delaware issuance until disciplinary proceedings or unresolved complaints are resolved.
Recent Practice
Actively practice real estate as a licensed salesperson or associate broker for the three years immediately preceding application under Rule 4.1.1.
Scores
Have Pearson VUE send the passing Delaware law score directly to the Commission.
Transaction Experience
Document at least thirty qualifying sales or leases within the preceding five years, certified by supervising brokers; Commission-approved employer or directly supervised licensee transactions may count; timeshares and property management transactions do not.
Reinstatement after disability suspension
No examination is required for this applicant pathway.
Documentation
Pay applicable fees and provide Commission-required evidence and any applicable CE documentation.
Hearing
After a hearing, satisfy the Commission that the applicant can practice with reasonable skill and safety.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement after six months or more but less than two years expiration
Delaware Laws, Rules, and Regulations Examination — Broker
Education
Complete Delaware prelicensing law course.
Expiration
Six months or more but less than two years; the exact six-month boundary follows Rule 13.1.2.
Fees
Pay required late fees.
Scores
Retake and pass the broker Delaware state law portion and arrange the official Pearson VUE score report.
Reinstatement after suspension upon corrective actions
No examination is required for this applicant pathway.
Documentation
Submit required proof, pay fees and satisfy any appropriate continuing education requirement.
Hearing
After a hearing, satisfy the Commission that prescribed corrective actions and all suspension conditions are fulfilled.

Official no-examination sources

Effective from 2026-09-22.

Reinstatement after at least two years with recent other jurisdiction practice
Delaware Laws, Rules, and Regulations Examination — Broker
Board Instructions Conflict
The DPR Reinstatement page, Examinations for Reinstatement, states: two or more years after the license expiration date must re-take and pass both the National and Delaware Law portions of the examination request your score report from Pearson VUE to be sent directly to the Commission office Rule 13.1.3.2 has higher authority and controls the examination set for this applicant category.
Continuing Education
Complete all seven continuing education modules.
Expiration
Two years or more.
Fees
Pay required late fees.
Recent Other Practice
Actively licensed and practicing in another U.S. jurisdiction for at least one of the two years immediately before application.
State Score
Pass only the Delaware state portion under Rule 13.1.3.2.
Reinstatement after at least two years without qualifying recent other jurisdiction practice
Continuing Education
Complete all seven continuing education modules.
Expiration
Two years or more.
Fees
Pay required late fees.
Prelicensing Course
Complete the applicable broker real estate course.
Recent Other Practice
Not actively licensed and practicing in another U.S. jurisdiction for at least one of the two preceding years.
Scores
Retake and pass both broker state and general portions.
Reinstatement after more than thirty days but less than six months expiration
No examination is required for this applicant pathway.
Continuing Education
Complete all seven continuing education modules under Section 14.
Documentation
Submit reinstatement application and supporting license/office documentation applicable to the existing license type.
Expiration
More than thirty days but less than six months.
Fees
Pay required late fees.

Official no-examination sources

Effective from 2026-09-22.

Removal from probationary status
No examination is required for this applicant pathway.
Documentation
Submit required proof, applicable fees and appropriate continuing education documentation.
Hearing
Satisfy the Commission after a hearing that prescribed corrective actions and all probation conditions are fulfilled.

Official no-examination sources

Effective from 2026-09-22.

Biennial renewal of active license
No examination is required for this applicant pathway.
Continuing Education
Rule 12.2 requires all licensees to satisfy Section 14 CE, ordinarily twenty-one hours in seven modules subject to proration and any approved waiver; inactive reactivation requires CE for each inactive renewal period.
Criminal Disclosure
Disclose convictions since the previous renewal under section 2910(e).
Current License
Existing active license.
Renewal Date
Renew in DELPROS by April 30 of even-numbered years and pay the renewal fee.

Official no-examination sources

Effective from 2026-09-22.

Biennial renewal of inactive license
No examination is required for this applicant pathway.
Board Instructions
DPR Renewal page, Inactive and Reactivating Licenses, states: To maintain your inactive license, you must renew it in DELPROS before the expiration date. Renewal will keep your license in inactive status for two more years. No CE is required at the time of renewal. You are not allowed to practice in Delaware while your license is inactive. This implementing statement says no CE at inactive renewal; the rule’s CE requirements and reactivation requirements are retained as conditions.
Continuing Education
Rule 12.2 requires all licensees to satisfy Section 14 CE, ordinarily twenty-one hours in seven modules subject to proration and any approved waiver; inactive reactivation requires CE for each inactive renewal period.
Criminal Disclosure
Disclose convictions since the previous renewal under section 2910(e).
Current License
Existing inactive license
Renewal Date
Renew in DELPROS by April 30 of even-numbered years and pay the renewal fee.

Official no-examination sources

Effective from 2026-09-22.

Temporary substitution for sole broker
No examination is required for this applicant pathway.
Event
Request substitution from DPR when resignation, termination, death, emergency, illness, military call-up or Commission sanction removes the sole licensed broker.
Existing License
Substitute another already licensed broker for the office.
Scope
Temporary office assignment of an existing broker, rather than creation of a separately examined temporary credential.

Official no-examination sources

Effective from 2026-09-22.

Unrestricted licensure after Voluntary Treatment Option
No examination is required for this applicant pathway.
Completion
Apply for unrestricted licensure after completing the approved Voluntary Treatment Option program.
Existing Restricted License
Existing professional license subject to treatment-related restrictions.

Official no-examination sources

Effective from 2026-09-22.

Delaware Provisional Professional License

Provisional form of broker licensure for qualifying military applicants or spouses while a reciprocal full-license application is pending; maximum six months and not renewable.

Licensing authority: Delaware Real Estate Commission · Application information

Provisional licensure for military member
Delaware Laws, Rules, and Regulations Examination — Broker
Application
Mail the signed notarized provisional application, provide verifications and pay applicable fees.
Duration
No more than six months from provisional issuance; cannot be renewed.
Duty Assignment
Supply verification of the qualifying person’s Delaware duty assignment acceptable to DPR; the application form also describes deployment by the President or Delaware Governor.
Existing License
Current same-profession license in good standing in a U.S. jurisdiction with substantially similar requirements, with no unresolved complaint, review or disciplinary proceeding.
Military Eligibility
Qualifying military member; submit official military verification.
Pending Reciprocity
Full Delaware reciprocal license application must be pending or filed simultaneously. Section 8735(r) incorporates reciprocal-application documentation; section 2909(c)(4) identifies the current Delaware broker state exam. The leaf records that involved examination; provisional practice may precede completion of the pending full-license application.
Provisional licensure for military spouse
Delaware Laws, Rules, and Regulations Examination — Broker
Application
Mail the signed notarized provisional application, provide verifications and pay applicable fees.
Duration
No more than six months from provisional issuance; cannot be renewed.
Duty Assignment
Supply verification of the qualifying person’s Delaware duty assignment acceptable to DPR; the application form also describes deployment by the President or Delaware Governor.
Existing License
Current same-profession license in good standing in a U.S. jurisdiction with substantially similar requirements, with no unresolved complaint, review or disciplinary proceeding.
Military Eligibility
Spouse of qualifying military member; submit marriage/civil-union and military verification.
Pending Reciprocity
Full Delaware reciprocal license application must be pending or filed simultaneously. Section 8735(r) incorporates reciprocal-application documentation; section 2909(c)(4) identifies the current Delaware broker state exam. The leaf records that involved examination; provisional practice may precede completion of the pending full-license application.

Military Registration

Military Registration for qualified servicemembers and spouses practicing in Delaware through the duration of their permanent station relocation order under SCRA portability.

Licensing authority: Division of Professional Regulation · Application information

SCRA portability registration for servicemember
No examination is required for this applicant pathway.
Application
Submit military orders, notarized affidavit of identity, truthful complete application, understanding of Delaware requirements and scope, undertaking to comply, and good standing in all jurisdictions where licensed.
Board Duration Statement
DPR states that Military Registration is for practice through the duration of the permanent station relocation order; apply for full licensure for practice beyond that duration.
Board Registration
Apply in DELPROS under the requested profession and Military Registration license type.
Compact Exception
Portability under section 4025a does not apply where the covered license operates under an interstate compact; compact or applicable law controls.
Covered License
Existing covered Broker or Associate Broker license in good standing; never revoked or disciplined; no pending unprofessional-conduct investigation or voluntary surrender while under such investigation.
Military Relocation
Relocate residence to Delaware because of the servicemember’s military orders.
No Examination
50 U.S.C. section 4025a(c) exhaustively specifies the portability application; DOJ’s December 19, 2025 FAQ explicitly forbids demanding written tests or test scores.
Spouse Evidence
Applicant is the servicemember.

Official no-examination sources

Effective from 2026-09-22.

SCRA portability registration for military spouse
No examination is required for this applicant pathway.
Application
Submit military orders, notarized affidavit of identity, truthful complete application, understanding of Delaware requirements and scope, undertaking to comply, and good standing in all jurisdictions where licensed.
Board Duration Statement
DPR states that Military Registration is for practice through the duration of the permanent station relocation order; apply for full licensure for practice beyond that duration.
Board Registration
Apply in DELPROS under the requested profession and Military Registration license type.
Compact Exception
Portability under section 4025a does not apply where the covered license operates under an interstate compact; compact or applicable law controls.
Covered License
Existing covered Broker or Associate Broker license in good standing; never revoked or disciplined; no pending unprofessional-conduct investigation or voluntary surrender while under such investigation.
Military Relocation
Relocate residence to Delaware because of the servicemember’s military orders.
No Examination
50 U.S.C. section 4025a(c) exhaustively specifies the portability application; DOJ’s December 19, 2025 FAQ explicitly forbids demanding written tests or test scores.
Spouse Evidence
Submit marriage certificate.

Official no-examination sources

Effective from 2026-09-22.

Temporary license

A discretionary temporary license conferring the same rights, privileges, and responsibilities as a permanent license when required recognition of a covered license cannot be implemented within 30 days after receipt of the statutory application.

Licensing authority: Delaware Real Estate Commission · Application information

Temporary SCRA recognition for servicemember
No examination is required for this applicant pathway.
Application
Submit military orders, notarized affidavit of identity, truthful complete application, understanding of Delaware requirements and scope, undertaking to comply, and good standing in all jurisdictions where licensed.
Board Duration Statement
DPR states that Military Registration is for practice through the duration of the permanent station relocation order; apply for full licensure for practice beyond that duration.
Board Registration
Apply in DELPROS under the requested profession and Military Registration license type.
Compact Exception
Portability under section 4025a does not apply where the covered license operates under an interstate compact; compact or applicable law controls.
Covered License
Existing covered Broker or Associate Broker license in good standing; never revoked or disciplined; no pending unprofessional-conduct investigation or voluntary surrender while under such investigation.
Issuance Discretion
Licensing authority may issue a temporary license if unable to carry out recognition within thirty days after receipt of the statutory application; the temporary license confers the same rights, privileges and responsibilities as a permanent license.
Military Relocation
Relocate residence to Delaware because of the servicemember’s military orders.
No Examination
50 U.S.C. section 4025a(c) exhaustively specifies the portability application; DOJ’s December 19, 2025 FAQ explicitly forbids demanding written tests or test scores.
Spouse Evidence
Applicant is the servicemember.

Official no-examination sources

Effective from 2026-09-22.

Temporary SCRA recognition for military spouse
No examination is required for this applicant pathway.
Application
Submit military orders, notarized affidavit of identity, truthful complete application, understanding of Delaware requirements and scope, undertaking to comply, and good standing in all jurisdictions where licensed.
Board Duration Statement
DPR states that Military Registration is for practice through the duration of the permanent station relocation order; apply for full licensure for practice beyond that duration.
Board Registration
Apply in DELPROS under the requested profession and Military Registration license type.
Compact Exception
Portability under section 4025a does not apply where the covered license operates under an interstate compact; compact or applicable law controls.
Covered License
Existing covered Broker or Associate Broker license in good standing; never revoked or disciplined; no pending unprofessional-conduct investigation or voluntary surrender while under such investigation.
Issuance Discretion
Licensing authority may issue a temporary license if unable to carry out recognition within thirty days after receipt of the statutory application; the temporary license confers the same rights, privileges and responsibilities as a permanent license.
Military Relocation
Relocate residence to Delaware because of the servicemember’s military orders.
No Examination
50 U.S.C. section 4025a(c) exhaustively specifies the portability application; DOJ’s December 19, 2025 FAQ explicitly forbids demanding written tests or test scores.
Spouse Evidence
Submit marriage certificate.

Official no-examination sources

Effective from 2026-09-22.

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

Real Estate National/General Examination for Brokers

Provider
Pearson VUE
Format
National/general portion of state real estate broker licensing examinations, scored separately from the state portion; every item is classified as knowledge, application or analysis; candidates who fail retake only the portion they failed
Exam questions
80 scored items plus 5 unscored pretest items
Examination outline
  • I. REAL PROPERTY CHARACTERISTICS, LEGAL DESCRIPTIONS, AND PROPERTY USE (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 5 APPLICATION, 3 ANALYSIS)
    • A. Real property vs. personal property (3 Items): 1. Fixtures, trade fixtures, emblements; 2. Attachment, severance, and bill of sale
    • B. Characteristics of real property (2 Items): 1. Economic characteristics — a. Scarcity; b. Modification / Improvement; c. Permanence of Investment / Fixity; d. Area Preference / Situs; 2. Physical characteristics — a. Immobility; b. Indestructibility; c. Non-homogeneity / Uniqueness
    • C. Legal descriptions (2 Items): 1. Methods used to describe real property; 2. Survey
    • D. Public and private land use controls – encumbrances (3 Items): 1. Public controls – governmental powers — a. Police power, eminent domain, taxation, escheat; b. Zoning ordinances; 2. Private controls, restrictions, and encroachments — a. Covenants, conditions, and restrictions (CC&Rs), HOAs; b. Easements; c. Licenses and encroachments
  • II. FORMS OF OWNERSHIP, TRANSFER, AND RECORDING OF TITLE (BROKER 8 of 80 scored items; 2 KNOWLEDGE, 3 APPLICATION, 3 ANALYSIS)
    • A. Ownership, estates, rights, and interests (4 Items): 1. Forms of ownership; 2. Freehold estate — a. Fee simple absolute; b. Fee simple defeasible, determinable, and condition subsequent; c. Life estate; d. Bundle of rights; 3. Leasehold estates and types of leases — a. Estate for years and from period to period (periodic estate); b. Estate at will and estate at sufferance; c. Gross, net, percentage leases, and etc.; 4. Liens and lien priority; 5. Air surface and sub-surface rights
    • B. Deed, title, transfer of title, and recording of title (4 Items): 1. Elements of a valid deed; 2. Types of deeds; 3. Title transfer — a. Voluntary alienation; b. Involuntary alienation; 4. Recording the title — a. Constructive and actual notice; b. Title abstract and chain of title; c. Marketable title and cloud on title; d. Attorney title opinion, quiet title lawsuit, and title insurance
  • III. PROPERTY VALUE AND APPRAISAL (BROKER 10 of 80 scored items; 2 KNOWLEDGE, 4 APPLICATION, 4 ANALYSIS)
    • A. Concept of value (3 Items): 1. Market value vs. market price; 2. Characteristics of value; 3. Principles of value
    • B. Appraisal process (3 Items): 1. Purpose and steps to an appraisal; 2. Federal oversight of the appraisal process
    • C. Methods of estimating value and Broker Price Opinions (BPO) (4 Items): 1. Sales comparison approach (market data); 2. Cost approach — a. Improvements and depreciation; b. Physical deterioration, functional, and economic obsolescence; c. Reproduction or replacement costs; 3. Income approach; 4. Gross rent and gross income multipliers; 5. Comparative Market Analysis (CMA); 6. Broker Price Opinion (BPO); 7. Assessed value and tax implications
  • IV. REAL ESTATE CONTRACTS AND AGENCY (BROKER 15 of 80 scored items; 3 KNOWLEDGE, 6 APPLICATION, 6 ANALYSIS)
    • A. Types of contracts (2 Items): 1. Express vs. implied; 2. Unilateral vs. bilateral
    • B. Required elements of a valid contract (3 Items): 1. Voluntary; 2. Agreement / Promise; 3. Legally competent parties; 4. Lawful consideration; 5. Legal act / Purpose
    • C. Contract performance (2 Items): 1. Executed vs. executory; 2. Valid vs. void; 3. Voidable vs. unenforceable; 4. Breach of contract, rescission, and termination; 5. Liquidated, punitive, or compensatory damages; 6. Electronic contracts and digital signatures; 7. Statute of Frauds; 8. Time is of the essence
    • D. Sales contract (2 Items): 1. Offer and counteroffer; 2. Earnest money and liquidated damages; 3. Equitable title; 4. Contingencies; 5. Disputes and breach of contract; 6. Option contract and installment sales contract
    • E. Types of agency and licensee-client relationships (2 Items)
    • F. Creation and termination of agency (2 Items)
    • G. Licensee obligations to parties of a transaction (2 Items)
  • V. REAL ESTATE PRACTICE (BROKER 12 of 80 scored items; 5 KNOWLEDGE, 5 APPLICATION, 2 ANALYSIS)
    • A. Responsibilities of broker (3 Items): 1. Practicing within scope of expertise; 2. Unauthorized practice of law
    • B. Brokerage agreements between the broker and principal (seller, buyer, landlord, or tenant) (3 Items): 1. Seller representation – Types of listing agreements — a. Exclusive right-to-sell and exclusive agency listing; b. Non-exclusive or open listing; c. Net listing (conflict of interest); d. Multiple listing service (MLS); 2. Buyer representation; 3. Property management agreement — a. Accounting for funds; b. Property maintenance; c. Leasing property; d. Collecting rents and security deposits; 4. Termination of agreements; 5. Services, fees, and compensation
    • C. Fair Housing (3 Items): 1. Equal opportunity in housing; 2. Protected classes; 3. Fair housing laws; 4. Illegal practices, enforcement, and penalties; 5. Prohibited advertising; 6. Housing and Urban Development (HUD); 7. Americans with Disabilities Act (ADA)
    • D. Risk management (3 Items): 1. Supervision; 2. Compliance with federal regulations; including Privacy and Do Not Contact; 3. Vicarious liability; 4. Antitrust laws; 5. Fraud and misrepresentation; 6. Types of insurance — a. Errors and Omissions; b. General Liability
  • VI. PROPERTY DISCLOSURES AND ENVIRONMENTAL ISSUES (BROKER 9 of 80 scored items; 4 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Property conditions and environmental issues (5 Items): 1. Hazardous substances — a. Lead-based paint; b. Asbestos, radon, and mold; c. Groundwater contamination and underground storage tanks; d. Waste disposal sites and brownfields; e. Flood plains, flood zones, and flood insurance; 2. Clean Air and Water Acts; 3. Environmental Protection Agency (EPA) — a. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA); b. Superfund Amendment and Reauthorization Act (SARA); c. Environmental site assessments (including Phase I and II studies) and impact statements; d. Wetlands protection
    • B. Environmental and property disclosure obligations and liability (4 Items)
  • VII. FINANCING AND SETTLEMENT (BROKER 8 of 80 scored items; 3 KNOWLEDGE, 3 APPLICATION, 2 ANALYSIS)
    • A. Financing concepts and components (2 Items): 1. Methods of financing — a. Mortgage financing – conventional and non-conventional loans; b. Seller financing – land contract/contract for deed; 2. Lien theory vs. title theory and deed of trust; 3. Sources of financing (primary and secondary mortgage markets, and seller financing); 4. Types of loans and loan programs; 5. Mortgage clauses
    • B. Lender Requirements (2 Items): 1. FHA requirements; 2. VA requirements; 3. USDA loan requirements and rural development financing; 4. Conventional requirements; 5. Buyer qualification and Loan to Value (LTV); 6. Hazard and flood insurance; 7. Private mortgage insurance (PMI) and mortgage insurance premium (MIP)
    • C. Federal Financing Regulations and Regulatory Bodies (2 Items): 1. Truth-in-Lending and Regulation Z; 2. TILA-RESPA Integrated Disclosures (TRID) — a. Consumer Financial Protection Bureau (CFPB); b. Loan Estimate (LE); c. Closing Disclosure (CD); 3. Real Estate Settlement Procedures Act (RESPA) — a. Referrals; b. Rebates; 4. Equal Credit Opportunity Act (ECOA); 5. Mortgage fraud and predatory lending
    • D. Settlement and closing the transaction (2 Items)
  • VIII. REAL ESTATE MATH CALCULATIONS (BROKER 8 of 80 scored items; 3 APPLICATION, 5 ANALYSIS)
    • A. Property area calculations (1 Item): 1. Square footage; 2. Acreage total
    • B. Property valuation (2 Items): 1. Comparative Market Analysis (CMA); 2. Net Operating Income (NOI); 3. Capitalization rate; 4. Gross rent multiplier; 5. Gross income multiplier; 6. Equity in property; 7. Establishing a listing price; 8. Assessed value and property taxes
    • C. Commission/compensation (1 Item)
    • D. Loan financing costs (1 Item): 1. Interest; 2. Loan to Value (LTV); 3. Fees; 4. Amortization, discount points, and prepayment penalties
    • E. Settlement and closing costs (1 item): 1. Purchase price and down payment; 2. Monthly mortgage calculations- principal, interest, taxes, and insurance (PITI); 3. Net to the seller; 4. Cost to the buyer; 5. Prorated items; 6. Debits and credits; 7. Transfer tax and recording fee
    • F. Investment (1 Item): 1. Return on investment; 2. Appreciation; 3. Depreciation; 4. Tax implications on investment
    • G. Property management calculations (1 Item): 1. Property management and budget calculations; 2. Tenancy and rental calculations
Examination sources