Exam (elaborations)
Delaware License Laws, Rules, and Regulations Section 16 Exam Questions and Answers.
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Delaware License Laws, Rules, and Regulations Section 16 Exam Questions and Answers.
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Delaware License Laws, Rules, and RegulationsSection 16: Exam Questions and Answers
The .Delaware .Real .Estate .Commission .- .(correct .answer) .-
The .Delaware .Real .Estate .Commission .is .the .ultimate .enforcer .of .real .estate .laws .and .regulations .in
.Delaware.
Commission .Members .and .Qualifications .- .(correct .answer) .--
Composed .of .nine .members, .all .appointed .by .the .governor. .
-
All .commission .members .must .have .resided .in .Delaware .for .5 .or .longer .directly .prior .to .their .appoi
ntment.
-Of .the .9 .members, .5 .are .real .estate .professionals: .3 .brokers .
(one .from .each .county), .1 .associate .broker, .and .1 .salesperson: .
.-The .brokers .and .associate .broker .must .have .held .active .licenses .for .5 .or .more .years
.-salesperson .must .have .held .an .active .license .for .4 .or .more .years.
-
The .governor .appoints .the .remaining .4 .members .from .the .public .at .large: .one .from .each .county .an
d .the .last .from .Wilmington.
-
In .the .8 .years .prior .to .appointment, .no .public .member .or .an .immediate .family .member .may .have .
held .a .real .estate .license, .worked .for .a .broker .or .brokerage, .had .financial .interests .in .any .business .
goods .or .services .provided .to .licensees, .or .in .any .way .be .directly .connected .to .the .real .estate .indus
try.
,-
Further, .none .of .the .9 .members .may .serve .as .an .elected .official .or .in .a .leadership .capacity .of .any .
other .professional .association .of .the .real .estate .industry.
Service .Terms .- .(correct .answer) .--Commission .members .serve .a .three-
year .term .and .may .be .reappointed .to .serve .an .additional .term. .In .case .of .a .vacancy, .the .governor .
may .appoint .someone .to .serve .the .remainder .of .the .vacating .member's .term.
-Members .earn .$50 .per .meeting .they .attend, .up .to .a .maximum .of .$500 .(or .10 .meetings) .annually.
Order .and .Meetings .- .(correct .answer) .--
Each .year, .members .will .elect .a .chairperson, .vice .chairperson, .and .a .secretary .to .serve .for .one .year
.only. .This .election .should .be .held .the .same .month .annually.
-
Business .meetings .should .be .held .regularly .and .at .least .once .per .quarter. .The .chairperson .or .a .maj
ority .of .members .may .call .for .extra .meetings .as .necessary. .Special .meetings .require .a .quorum .to .a
ttend.
-
Copies .of .recorded .meeting .minutes .will .be .provided .to .the .Division .of .Professional .Regulation, .whi
ch .oversees .the .real .estate .commission. .Meetings .that .serve .as .hearings .at .which .evidence .will .be .g
iven .are .required .to .be .recorded .in .such .a .way .that .a .verbatim .transcript .may .be .made. .The .person
.who .requested .the .hearing .must .pay .for .the .transcript's .preparation.
Suspension .and .Dismissal .- .(correct .answer) .--
The .governor .has .the .authority .to .suspend .or .dismiss .members .on .the .grounds .of .misfeasance, .negl
ect .of .duty, .misconduct, .incompetence, .unprofessional .behavior, .and .the .like. .Neglect .of .duty .includ
es .three .consecutive .meeting .absences .without .adequate .reason, .as .well .as .the .failure .to .attend .m
ore .than .half .of .the .regular .meetings .during .one .calendar .year.
-
Members .under .investigation .in .disciplinary .hearings .will .be .suspended .from .commission .business .u
ntil .the .matter .is .satisfactorily .resolved.
They've .Got .the .Power: .Delaware .Real .Estate .Commission .- .(correct .answer) .-
The .Delaware .Real .Estate .Commission's .main .purpose .is .to .protect .the .public .with .regard .to .real .es
tate .services. .Unsafe .or .unfair .practices, .diminished .competition .that .limits .consumer .choices, .and .t
he .like .not .only .harm .Delaware .citizens, .but .they .also .harm .the .entire .real .estate .profession. .To .ke
ep .things .on .the .up .and .up, .the .commission .oversees .real .estate .activities .throughout .the .state.
Duties .and .power .of .the .commission .- .(correct .answer) .--Developing .standards .for .the .industry
-Creating .rules .and .regulations
, -Granting .and .renewing .licenses
-Conducting .audits
-Monitoring .complaints
-Conducting .formal .hearings .and .imposing .sanctions
Licensure .- .(correct .answer) .--
The .commission .has .the .power .to .develop .licensure .qualifications .and .to .evaluate .candidates .based .
on .these .criteria. .The .commission .then .both .grants .and .renews .licenses .of .candidates .who .meet .th
e .requirements. .Applicants' .certified .records .may .be .assessed .for .evidence .of .unfair .or .illegal .practic
es .and .other .offenses .before .license .approval.
-Pre-
licensing .and .continuing .education .standards .also .fall .under .the .commission's .authority, .which .inclu
des .licensing .examinations. .It's .the .commission's .duty .to .select .a .nationally .recognized .testing .servic
e .to .conduct .exams. .A .commission-
appointed .committee .may .evaluate .any .exams .to .make .sure .the .content .aligns .with .state .rules .and .
regulations.
-License .renewal .applicants .may .be .subject .to .continuing .education .credit .audits.
Complaints .- .(correct .answer) .--
When .a .consumer .or .another .licensee .lodges .a .complaint .against .a .licensee, .the .commission .refers .
the .complaint .to .the .Division .of .Professional .Regulation .for .an .investigation. .A .commission .member .
will .be .assigned .to .assist .with .the .investigation.
-
Once .the .investigation .is .complete, .the .commission .may .hold .a .hearing .and, .depending .on .the .heari
ng's .outcome, .enact .sanctions .or .other .penalties .against .the .licensee .who's .in .error. .When .appropri
ate, .the .commission .may .also .arrange .for .the .wronged .party .to .receive .some .sort .of .recompense .fr
om .the .Real .Estate .Guaranty .Fund.
-
The .licensee .or .licensee's .attorney .must .have .24 .hours' .notice .at .minimum .before .the .proposed .sus
pension .takes .place .and .may .file .a .written .response. .The .temporary .suspension .may .only .last .60 .da
ys .unless .there's .a .hearing .date. .Then .it .remains .in .effect .until .a .decision .is .made. .The .licensee .on .t
emporary .suspension .may .also .ask .for .an .expedited .hearing.
Fees .- .(correct .answer) .-The .commission .may .charge .fees, .such .as:
-License .application .or .renewal
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