Delaware License Law
Delaware real estate license law requires that the employing broker maintain how many years of transaction records?
A2 years
B3 years✓ Correct
C5 years
D7 years
Explanation
Delaware requires brokers to maintain transaction records, including contracts and closing documents, for a minimum of 3 years from the date of closing or the date of termination of the contract.
People Also Study
Related Delaware Questions
- A Delaware real estate salesperson who wishes to become a broker must have at least how many years of active licensee experience?Delaware License Law
- Delaware's real estate license law is found in which title of the Delaware Code?Delaware License Law
- What is 'intestate' in the context of Delaware estate law?Property Ownership
- A Delaware real estate salesperson who wishes to become a broker must have at least how many years of active licensee experience?Delaware License Law
- A Delaware buyer and seller sign a contract but the buyer is 17 years old. The contract is:Contracts
- What is the minimum age requirement for a real estate salesperson license in Delaware?Delaware License Law
- A Delaware real estate contract that requires an illegal act is considered:Contracts
- In Delaware, a title search typically covers how many years of recorded history to establish marketable title?Escrow & Title
Key Terms to Know
State-Specific Concepts
License Law
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →