You will have between 2-4 hours to complete your exam. All states require real estate agents to be licensed by the state to engage in the sale of real estate. What type of maintenance is necessary to repair the lock? The official real estate exam in Delaware is run by Pearson Vue and called the "Pearson Vue real estate exam." This page of example questions does not include the grading function as do the math exams. Broker applicants have to submit an affidavit stating that he/she has not engaged in any acts or offenses that would be grounds for discipline. Pass The Delaware Real Estate Salesperson Exam - START NOW. The tests include questions on general real estate topics. Unfortunately, you did not pass, but do not give up! Paula applies for a mortgage. We have a major residential and commercial real estate practice. The tests include questions on general real estate topics. A shipping warehouse adjoining an office suite center combine a warehouse and office space. You must sign in or sign up to start the quiz. State-specific practice tests are not available. If you do not hold a current, active real estate license in another jurisdiction, apply by examination. The tests cover such subjects as forms of ownership, physical descriptions, valuation and regulation. The City of Glass wants to expand a public park. Taking The First Steps - Delaware School of Real Estate The very first step toward a career in real estate is to become licensed. They may serve as protection for storm and flood water and help control erosion and pollution. Real estate agents must be knowledgeable of the communities in their area, particularly in the facets that matter most to people: schools, safety, job opportunities, healthcare, and activities. Free Real Estate Practice Exam Prep Questions - Select Your State & Course! Short term capital gains are profits on assets that are owned for 12 months or less. To determine a score a statistical procedure known as equating is used to correct for differences in form difficulty. It is used when the down payment is less than 20% to insure the top portion of the loan in case of default. 219 Fax (302) 739-2711 www.dpr.delaware.gov The Pearson Vue exam includes questions that are "national" (general concepts and rules that are common in all states) and state-specific (involves Delaware state real estate regulations). With an Open-End mortgage, the mortgagor (purchaser/borrower) is entitled to demand additional loan funds without the need to undergo a new underwriting process. It added families and persons with mental and physical disabilities to the law. For years (since the 90s) we have been providing unique, cutting edge real estate exam preparation. Then click 'Next Question' to answer the next question. One of the tenants contacts her to complain about a broken door lock. Pass the Delaware real estate Salesperson exam with confidence! Test Content: The Delaware state real estate licensing exam is comprised of two separate tests, the national test and the state-specific test. Depreciation is the loss of value due to a building or property due to any cause, such as deterioration, damage and normal wear and tear. Make sure you have studied Fair Housing laws, ethics, marketing, continuing education requirements, commercial and industrial properties, inspection reports, and disclosure requirements. An outlet center with clothing and furniture stores are similar commercial uses, so no mixed use exists. Of the 100-150 questions, 60-80 will be state-specific questions, while the other 80-100 will be general real estate concepts. examination of candidates for a Delaware real estate license are set forth in 24 Delaware Code, Subsection 2907 and Commission Regulations 2.0 and 3.0. Our real estate exam prep comes with over 1,000 real estate practice exam questions with detailed answer explanations. Every state has different requirements for becoming a real estate agent, broker, or appraiser, but every state requires you to take and pass a test to become licensed. State-specific practice tests are not available. This is a sample real estate exam to show you how the system works and the quality of the test questions and explanations. An express agency is formed through an oral or written agreement. Lori has agreed to transact real estate business on behalf of Alex with Alex’s authority. . Watch the video then download the audio file of the video and reinforce the material every time you listen! No easement provides an ownership or possessory interest in the property. There are over 650 Real Estate Exam Test Questions included in the Pass MY Real Estate Exam Prep Videos and Study Materials. Reasonable care, skill and diligence, along with full disclosure of pertinent information, obedience and loyalty are also all a part of a licensee’s fiduciary duty to the principal. 6.10.4 Delaware Real Estate Candidate Handbook The complete online study experience for your Delaware Real Estate licensing exam. We have an outstanding reputation in the real estate community and enjoy working together as our clients' dreams of homeownership are achieved. If you hold a current, active real estate license in another jurisdiction (state, U.S. territory or District of Columbia), apply for a reciprocal license. The practice tests coincide with the current, general test outline. Biff is hired by owner Gilligan to oversee a residential property complex, including supervising complex employees and maintenance, but he has limited authority. The 1988 Amendment to the Fair Housing act added protected classes to the law. Contact Pearson VUE immediately to correct the spelling of your name or update your personal information if you notice any errors. Copyright 1996 - 2021 Pearson Education Inc. or its affiliate(s). Make sure to look at a Real Estate practice exam to know what you should expect. An agency by estoppel, which is an implied agency, was created since Lev, the principal, did not stop Francois, the agent, from representing Lev’s interests. Delaware Real Estate Commission 861 Silver Lake Blvd. Broker applicants are required to have accrued at least 30 qualified sales transactions within the past 5 years. Further information can be found here: https://dpr.delaware.gov/boards/realestate/. For information on the examination, see Pearson VUE (testing service).The application asks you whether you are applying by examination or reciprocity. University of Success, Online Real Estate Classes, CE Continuing Education courses in Delaware for Real Estate Agents, Brokers, Appraisers, Investors, and Entrepreneurs. Which of the following is not a mixed-use property? She locates one and her offer is accepted. Don't rely on the outdated material on other real estate practice exam sites. 1. An insurance premium is typically added to the monthly mortgage payment. She can be an agent and hold another position, such as a broker, that requires an agency relationship. However, senior citizen housing is exempt from the Fair Housing Act if it complies with the exemption requirements. A leasing agent is retained by a property owner to locate tenants for the owner’s building. The note also contains the principal balance owned and the interest rate. Full Details. The promissory note contains the borrower’s promise to repay the debt and the manner and frequency of payment (e.g., monthly via check). Lanie owns a home in the mountains. She is told that she can deduct her mortgage interest from her income because she has bought a(n) _____________ home. All Rights Reserved, A steakhouse on the first floor and offices on the second floor of a building, A shipping warehouse adjoining an office suite center, A religious prayer facility with residential housing above it, An outlet center with clothing and furniture stores, It added persons with mental disabilities, It added persons with physical disabilities, 5 Steps How to Become a Real Estate Agent in New York, Pass the Delaware Real Estate Exam - $49.95, https://dpr.delaware.gov/boards/realestate/, Home - Real Estate Exam Prep - 1,000 Real Estate Practice Exam Questions, About Us - Learn How To Pass The Real Estate Exam - Real Estate Practice Exams. Explanations and feedback given by the Delaware License Professor is provided by real estate license instructors and professional realtors from across Delaware, including Wilmington, Dover, and Newark. Unfortunately, your browser does not meet our new security requirements. Julie applies for a mortgage. By restricting tenants to people 55 and over, an exemption to the Fair Housing Act could apply. Keep on studying your material and retake this practice test One of the largest sections on the Real Estate License exam, Real Estate Practice and Disclosures makes up about 22-25% of what you’ll be tested on. The tests are developed using concepts found in the general portion of the actual exam and cover areas such as product knowledge, terms, and concepts. Wetlands are protected areas that include swamps, marshes, wet meadows and bogs. A nonfreehold or leasehold estate has a determinable end. Real Estate Exam Info The process of obtaining your real estate license varies from state to state and usually involves minimum age requirements, certain education and/or experience requirements, applications and fees, and other state-specific details. Take this free practice test to see how prepared you are for a real estate agent certifying exam. Pass the Delaware real estate examination! Add to Cart » Start a Free Assessment » Which fiduciary duty requires the agent to act with care with respect to handling funds received on behalf of the principal? It is very important that this information is correct, as it will appear as it was entered on the documentation provided to you after you have completed the exam, as well as on any reports to your licensing agency. Functional obsolescence means that the property has become inferior to surrounding properties due to technological changes, such as obsolete equipment (e.g., heating system), outdated electrical system or outdated design. $135,000 / $540,000 = .25, so the loan to value ratio is 25%. Which of the following is not true about the 1988 Amendment to the Fair Housing Act adding protected classes to the law? 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