Delaware License Law
A Delaware real estate broker supervises a salesperson who makes fraudulent misrepresentations to a buyer. Can the broker be held responsible?
ANo — the broker is only responsible for their own actions, not those of supervised licensees
BYes — the broker has supervisory responsibility and may face discipline if they knew or should have known about the misrepresentations, or failed to properly supervise✓ Correct
COnly if the buyer can prove the broker personally directed the misrepresentation
DOnly if the broker shared in the commission from the affected transaction
Explanation
Delaware brokers have supervisory responsibility for the licensees working under them. A broker may face discipline if they failed to properly supervise, knew of the misconduct and failed to act, or directed the misconduct. Brokers should have written policies and supervision procedures to minimize this risk.
Related Delaware Delaware License Law Questions
- What is the significance of the 'Guaranteed Offer' (iBuyer) model under Delaware license law?
- The Delaware Real Estate Commission consists of how many members?
- A Delaware licensee who wishes to practice under a team name must ensure the team name:
- In Delaware, a 'reciprocal license' allows a licensee from another state to:
- How long does a Delaware real estate license applicant have to pass the licensing exam after completing pre-license education?
- Net listings in Delaware are:
- A Delaware real estate license placed on inactive status:
- Delaware's transfer tax of 4% of the sale price is typically:
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →