Free Delaware Laws, Rules, and Regulations Examination — Broker Practice Questions

Sample Practice Questions

Try these 10 sample questions from the Delaware Laws, Rules, and Regulations Examination — Broker practice bank. Each includes the answer and explanation. Continue with the interactive practice above to review the full question set.

1. 1What is the Delaware Real Estate Commission's primary statutory objective?

   1. A. Protect the public from unsafe and anticompetitive occupational practices
   2. B. Maximize state revenue from license fees
   3. C. Set uniform brokerage commission rates
   4. D. Promote private trade associations

   Answer: A

   Explanation: 24 Del. C. § 2900 makes public protection the primary objective, including protection from unsafe practices and practices that reduce competition or fix service prices. Direct official text: "protect the public".

   Reference: De Code Title24 — 24 Del. C. § 2900(a)

2. 2Which conduct violates Delaware's basic statutory rule for real estate licensure?

   1. A. An owner sells the owner's own property as an incidental investment activity
   2. B. A court-appointed trustee sells property under court order
   3. C. A person provides real estate services in Delaware without proper licensure
   4. D. An attorney performs legal services in a transaction

   Answer: C

   Explanation: Section 2900(b) states that engaging in real estate services in Delaware without proper licensure violates Chapter 29; the other choices describe statutory exclusions or exemptions. Direct official text: "real estate services in".

   Reference: Delaware Code Online — 24 Del. C. § 2900(b), (e)

3. 3A Delaware brokerage advertises a listed property online. What identification must the advertisement include?

   1. A. Only the listing salesperson's nickname
   2. B. The Commission's telephone number
   3. C. The seller's legal name
   4. D. The brokerage organization's name as registered with the Commission

   Answer: D

   Explanation: Delaware's advertising rule requires advertisements to identify the brokerage organization under its registered name so the public can identify the responsible firm. Direct official text: "the brokerage organization".

   Reference: De Admin Code 24 (2900) — 24 DE Admin. Code 2900 § 8.6

4. 4How does Delaware's Unit Property Act characterize a unit together with its proportionate undivided interest in common elements?

   1. A. As personal property only
   2. B. As real property for all purposes
   3. C. As a revocable license
   4. D. As public property

   Answer: B

   Explanation: Under 25 Del. C. § 2204, the unit and its proportionate common-element interest are real property for all purposes. Direct official text: "real property for".

   Reference: De Code Title17 — 25 Del. C. § 2204

5. 5What is the minimum age for an applicant seeking a Delaware broker-level license under § 2907(c)?

   1. A. 18
   2. B. 21
   3. C. 23
   4. D. 25

   Answer: C

   Explanation: A broker-level applicant must meet the general requirements and be at least 23 years old. Direct official text: "be at least 23 years".

   Reference: Delaware Code Online — 24 Del. C. § 2907(c)(2)

6. 6How many members serve on the Delaware Real Estate Commission?

   1. A. 7
   2. B. 8
   3. C. 9
   4. D. 11

   Answer: C

   Explanation: The Commission consists of nine members appointed by the Governor. Direct official text: "members appointed by the".

   Reference: Delaware Code Online — 24 Del. C. § 2903(b)

7. 7How does Delaware treat a brokerage organization for licensing purposes?

   1. A. The entity receives a salesperson license
   2. B. The entity needs only a county business license
   3. C. The entity must be owned entirely by brokers
   4. D. The entity itself is not licensed, but it must have a responsible licensed broker

   Answer: D

   Explanation: Delaware does not license the brokerage organization itself; it may provide services only through a broker responsible for the organization and supervised affiliated licensees. Direct official text: "is not licensed but".

   Reference: Delaware Code Online — 24 Del. C. § 2900(c)

8. 8Which medium falls within Delaware's regulatory definition of real estate advertising?

   1. A. A private note never sent to anyone
   2. B. An internal escrow ledger
   3. C. A confidential title report
   4. D. A licensee's social-media property display

   Answer: D

   Explanation: The rule's broad definition includes electronically generated advertising and expressly covers social-media networking websites and internet displays. Direct official text: "A licensee s".

   Reference: De Admin Code 24 (2900) — 24 DE Admin. Code 2900 § 8.6.2

9. 9By when must a Delaware common-interest unit owner generally furnish the resale documents and certificate to a purchaser?

   1. A. No later than contract signing
   2. B. Within 30 days after closing
   3. C. Only after deed recording
   4. D. At the association's next annual meeting

   Answer: A

   Explanation: DUCIOA requires the owner to furnish the specified declaration materials and certificate no later than the time the purchase contract is signed, subject to statutory exceptions. Direct official text: "no later than".

   Reference: De Code Title24 — 25 Del. C. § 81-409(a)

10. 10A Delaware branch office has a qualified designated on-site supervisor. What effect does that appointment have on the broker's supervisory responsibility?

    1. A. It transfers all responsibility to the supervisor
    2. B. It relieves the broker only of advertising supervision
    3. C. It converts the branch into an independent brokerage
    4. D. It does not relieve the broker of the broker's regulatory responsibilities

    Answer: D

    Explanation: The Commission's rule states that employing a designated on-site supervisor or similar administrator does not relieve the broker of the broker's responsibilities. Direct official text: "does not relieve the".

    Reference: De Admin Code 24 (2900) — 24 DE Admin. Code 2900 § 1.3.5