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DE STATE EXAM PRACTICE QUESTIONS
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DE STATE EXAM PRACTICE QUESTIONS
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DE STATEEXAM
PRACTICE
QUESTIONS
Your client tells you that the home inspection has been done, and the home passed with
no problems reported. You're surprised, since you'd pointed out a couple items you
thought would come up on the inspection report. You weren't at the appointment, but
later you discover that the home inspector had the flu that day, and sent a trainee to
complete the assignment without informing your client. Why is this illegal in Delaware? -
answer- Trainees must be directly supervised by a licensed home inspector and must
notify consumers of their trainee status.
When a sale involves unimproved land, Delaware law requires the purchase contract to
include which of the following? - answer- Notice to buyers that they may need to install
water and sewer systems and will need a site evaluation approved to do so
calculate the amount of taxes to levy against property owners. - answer- County
assessors
Delaware licensee Ron has several properties listed. For which of these will he advise
his client to request a resale certificate from the association? - answer- A unit in a
bustling residential complex with three pools, two tennis courts, and 200 units
Delaware landlord Kip wants to include a provision in his leases that prohibits tenants
from making a claim against him for not providing things such as heat and water. His
, lawyer explains that this is illegal because lease provisions that ______ are prohibited. -
answer- Waive tenants' rights under the law
In Delaware, the residents of one of these communities have a right to be notified of the
community's impending sale and to take steps to become the community's owners
themselves. Which one? - answer- Cozy Cottage Mobile Home Park, a family-friendly
mobile home community on eight acres
The purpose of Delaware's Real Estate Tax Return Declaration of Estimated Income
Tax, Form 5403 is to ______. - answer- Ensure property sellers pay income tax on
capital gains
Your seller client has offered financing to the buyers, who aren't able to qualify for an
institutional loan. They're using an installment sales contract. Which of these provisions
will NOT be part of the contract according to Delaware law? - answer- The seller's right
to foreclose judicially should the buyer default and fail to reinstate the loan within 60
days
What entity is responsible for enforcing fair housing law in Delaware? - answer- State
Human Relations Commission
You're representing a buyer who's purchasing a single-family home on a corner lot in
New Castle county. The buyer's lender wants a survey performed, so you meet with the
buyer and the surveyor. Your client is asked to sign a waiver before the surveyor begins
work. Is this legit or is your client being scammed? - answer- Yes, a waiver is required
with a mortgage survey plan.
In Delaware, which of these is a legal spot to place a sign advertising one of your
listings? - answer- At least 10 feet from the edge of a public road
Which of these licensees is violating Delaware's Consumer Fraud Act? - answer- Greg,
who advertises his services as "The broker who sells your home for 10% more than
anyone else!"
Per the Delaware Mortgage Loan Modification Services Act (MLMSA), contracts for
mortgage loan modification services must be in writing, free of alterations or
modifications, and given to homeowners for their review at least __ hours before they
sign. - answer- 24
Demario is selling his house in Kent County in Delaware. He and the buyer will pay a
total of _____ as transfer tax. - answer- 4% of the property's total sale price
Which of the following statements is accurate regarding electronic signatures and
records in Delaware? - answer- While Delaware law allows electronic records and
signatures, it doesn't require them.
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