Delaware License Law
How long does a Delaware real estate license applicant have to pass the licensing exam after completing pre-license education?
A6 months
B1 year✓ Correct
C2 years
D3 years
Explanation
Delaware allows applicants up to 1 year from completion of pre-license education to pass the licensing examination before the education credit expires.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Right of First RefusalA contractual right giving a party the opportunity to match any offer received before the owner can accept it from a third party.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
Math Concepts
State-Specific Concepts
License Law
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