Delaware real estate law - Study guides, Class notes & Summaries

Loan to Value Ratio Amount of the loan vs value of real estate Who is the Devisee under a Will? Devisee under will is person who receives property under a will (maker of will is devisor) What are the Requirements for a valid deed in DE The deed has to be in writing The deed has to describe property with specificity The deed must have the name of grantor and grantee The deed must be signed and must be acknowledged(notarized) What are the advantages vs. disadvantages of investing in Real Est...

Delaware Real Estate Commission (2023/2024) Already Graded A Delaware Real Estate Commission Members 9 members appointed by the Governor - 5 real estate professionals, 4 members from the public at large. All members must have resided in Delaware for 5 years or longer directly prior to their appointment. How long must Brokers in the DE Real Estate Commission be licensed? 5 or more years Who are the 5 Real Estate Professionals that are appointed to the DE Real Estate Commission? 3 Brokers (1 fro...

In Delaware which party is responsible for expenses on closing day ? buyer Licensee Jonathan signed a listing agreement with a new client. Which of these actions should Jonathan plan to perform next, before he publishes the listing on the MLS? prepare a features list Karen's house was recently foreclosed on to pay off a lien on her home. What happens to any extra money after the lien and expenses of the sale are paid? it goes to Karen Which Delaware law may still apply to condominiums ...

Delaware Salesperson Pre-Licensing Course Exam Prep: License Law, Real Estate Interests, and Ownership Questions and Answers Already Passed

Delaware - Real Estate State Exam Practice Questions and Answers 100% Pass Stan and Laura own a mobile home located in the Delaware Downs Mobile Home Park. When the park's owner gives them notice that the park is up for sale, what right do they and the other resident homeowners have? (Q4) - Correct Answer ️️ -The right to accept, counter, or reject the price and terms Who are the parties to the sales contract in Delaware? (Q6) - Correct Answer ️️ -The buyers and sellers Which of...

There are some tasks that happen before you get the listing, and some that don't happen until after you have signed the agreement with a seller. Match the activities Before signing: -Discuss property and goals with seller -Listing presentation After signing: -Suggest staging -Measure rooms -Prepare features list Earnest Money A deposit the buyer makes to show commitment to purchase the seller's property Seller's net sheet An estimate the seller's agent prepares that shows how ...

Delaware real estate exam questions and answers 100% pass if a workers license is revokes, then all salespersons working under this broker will have the license - Correct Answer ️️ -suspended how many days notice must be given to terminate a lease - Correct Answer ️️ -60 days how long does somebody have to make application for real estate licnesure - Correct Answer ️️ -1 year from completion of the prelincensing course the property disclosure form is required to be filled out ...

Delaware Salesperson Pre-Licensing Course Exam Prep: License Law, Real Estate Interests, and Ownership Flashcard Set Entity that administers license law in Delaware ️Delaware Real Estate Commission Composition of the Delaware Real Estate Commission ️Nine members, all appointed by the governor; five are real estate professionals: three brokers (one from each county), one associate broker, and one salesperson; four members from the public at large: one from each county and the last ...

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? Trainees must be directly supervised by a licensed home inspector an...

Real Estate Exam Delaware Questions and Answers 100% Pass Most residential real estate transfers require the seller to provide the buyer with this - Answer️️ -Seller's Disclosure of Real Property Condition Report Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex breaches the sales contract, how long does Piper have to sue Alex for breach of contract? Eight years Four years - Answer️️ -Three years Which of the following statements accurately describes...