Delaware License Law
Under Delaware law, what must a listing broker do if the broker is also the buyer?
ANothing special is required
BDisclose in writing to the seller that they are purchasing the property as a principal✓ Correct
CWithdraw from the agency relationship before submitting an offer
DObtain Commission approval before proceeding
Explanation
When a Delaware licensee (including the listing broker) buys a property for their own account, they must disclose in writing to the seller that they hold a real estate license and are purchasing as a principal.
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