Delaware License LawIntermediateDelaware Exam
Under Delaware law, a licensed salesperson may receive compensation for real estate services from:
AAny party to the transaction
BOnly the seller
COnly through their sponsoring brokerCorrect
DThe MLS directly
Why Only through their sponsoring broker Is Correct
Answer C: Only through their sponsoring broker
Delaware law requires that all compensation for real estate services flow to the salesperson through their sponsoring broker. A salesperson cannot receive direct payment from a client or customer.
Key Delaware License Law Terms in This Question
People Also Study
Related Delaware Questions
- Which of the following persons is exempt from Delaware real estate licensing requirements?Delaware License Law
- What is a 'power of attorney' (POA) in Delaware real estate transactions?Agency
- How many hours of pre-license education must a Delaware real estate salesperson candidate complete before sitting for the licensing exam?Delaware License Law
- What is the minimum passing score on the Delaware real estate licensing examination?Delaware License Law
- The Delaware real estate licensing exam consists of how many questions?Delaware License Law
- A 6-unit apartment building grosses $7,200 per month in rent. Annual operating expenses total $28,800. What is the annual net operating income?Real Estate Math
- A buyer puts 20% down on a $375,000 home and finances the rest. What is the loan amount?Real Estate Math
- A property has a gross rent multiplier of 120 and rents for $1,800 per month. What is the estimated value?Real Estate Math
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 →