Delaware License Law
In Delaware, which of the following activities is considered 'practicing real estate' without a license?
AA licensed attorney negotiating a lease for a client as part of legal services
BAn unlicensed person negotiating a commercial lease on behalf of a property owner for a 2% fee✓ Correct
CA property owner managing their own 10-unit apartment complex
DA licensed property manager overseeing day-to-day operations of a residential building
Explanation
Negotiating a lease on behalf of another person for compensation requires a Delaware real estate license. Exemptions include property owners managing their own property, licensed attorneys acting within their legal practice, and employees directly employed by an owner. An unlicensed person negotiating leases for a fee is practicing real estate illegally.
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