Delaware License Law
Under Delaware law, which of the following is a permissible activity for a real estate licensee without a listing?
ASoliciting sellers to list their property
BProviding CMAs for listing presentations without a listing agreement✓ Correct
CPlacing a for-sale sign on an unlisted property
DShowing unlisted properties for compensation
Explanation
A licensee may prepare and present a CMA as part of a listing presentation to a potential seller. This is a permissible pre-listing activity that demonstrates the agent's market knowledge and proposed pricing strategy.
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Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
State-Specific Concepts
License Law
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