Delaware License LawIntermediateDelaware Exam
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 revocationCorrect
CA warning letter for the first violation only
DNo penalty unless client harm results
Why Disciplinary action including license suspension or revocation Is Correct
Answer B: Disciplinary action including license suspension or revocation
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.
Key Delaware License Law Terms in This Question
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