Delaware License Law
Under Delaware law, a real estate broker who operates without a required surety bond or errors and omissions insurance is subject to:
AInformal guidance from the Commission only
BDisciplinary action including license suspension or revocation✓ Correct
CA warning letter for the first violation only
DNo penalty unless client harm results
Explanation
Delaware requires brokers to maintain errors and omissions (E&O) insurance as a condition of licensure. Operating without required coverage subjects the broker to Commission disciplinary action.
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