Delaware License LawIntermediateDelaware Exam
Which of the following persons is exempt from Delaware real estate licensing requirements?
AA property management company employee who leases units for compensation
BAn attorney who acts as a real estate agent for a fee
CA person selling properties under a court order as a trusteeCorrect
DA referral agent who refers clients for a fee
Why A person selling properties under a court order as a trustee Is Correct
Answer C: A person selling properties under a court order as a trustee
Trustees and receivers acting under court order, as well as certain public officials acting in their official capacity, are exempt from Delaware real estate licensing requirements.
Key Delaware License Law Terms in This Question
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Key Terms to Know
Proration
The division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
State-Specific Concepts
License Law
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