Delaware License LawIntermediateDelaware Exam
Which of the following requires a Delaware real estate license?
AA licensed attorney selling real property under a client's power of attorney
BA person selling their own property without assistance
CA licensed auctioneer conducting a real estate auction for compensationCorrect
DA corporate officer selling the corporation's real estate
Why A licensed auctioneer conducting a real estate auction for compensation Is Correct
Answer C: A licensed auctioneer conducting a real estate auction for compensation
A licensed auctioneer who auctions real estate for compensation is performing a licensed activity in Delaware and must hold a real estate license. Personal-sale exemptions do not apply when acting for compensation on behalf of others.
Key Delaware License Law Terms in This Question
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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.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Eminent DomainThe power of government to take private property for public use, with the requirement to pay the owner just compensation.
State-Specific Concepts
License Law
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