Delaware License LawIntermediateDelaware Exam
Under Delaware law, when a licensed salesperson becomes a broker, they must:
AContinue working under their previous employing broker for 6 months
BApply to the Commission for a broker license and may then either affiliate with a broker or open their own officeCorrect
CPass an additional 50-hour training course
DObtain a new license within 90 days of the exam
Why Apply to the Commission for a broker license and may then either affiliate with a broker or open their own office Is Correct
Answer B: Apply to the Commission for a broker license and may then either affiliate with a broker or open their own office
Once a candidate passes the Delaware broker examination and the Commission issues a broker license, the new broker may affiliate with an existing brokerage or obtain a separate broker's license to operate their own office.
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Key Terms to Know
Joint Tenancy
Co-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.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
Math Concepts
State-Specific Concepts
Broker Supervision
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