Delaware License LawIntermediateDelaware Exam
A Delaware real estate licensee who wishes to engage in property development must:
AUse a separate license for development activities
BDisclose their licensee status to all parties in development transactions in which they have a personal interestCorrect
CObtain a contractor's license in addition to their real estate license
DObtain approval from the Commission for each development project
Why Disclose their licensee status to all parties in development transactions in which they have a personal interest Is Correct
Answer B: Disclose their licensee status to all parties in development transactions in which they have a personal interest
When a Delaware licensee acts on their own behalf in a real estate transaction (such as development), they must disclose their licensed status to all parties involved.
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