Delaware License Law
A Delaware real estate broker operates without maintaining errors and omissions (E&O) insurance. Under Delaware law, this is:
APermissible — E&O insurance is optional in Delaware
BA violation — Delaware requires all active real estate licensees to maintain E&O insurance✓ Correct
CPermissible only if the broker has been licensed for more than 10 years
DOnly required for brokers who supervise more than five salespersons
Explanation
Delaware requires all active real estate licensees (brokers and salespersons) to maintain errors and omissions (E&O) insurance as a condition of license activation. E&O insurance protects consumers and licensees against claims of professional negligence or mistakes in real estate transactions.
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