Delaware License Law
What is a 'brokerage relationship' disclosure required in Delaware?
AA disclosure only required when a dual agency exists
BThe agency disclosure form required to be presented at first substantive contact, informing the consumer of the types of representation available and the duties owed in each type of relationship✓ Correct
CA disclosure required only for commercial transactions
DA disclosure of all commission arrangements between participating brokerages
Explanation
Delaware requires real estate licensees to present a brokerage relationship disclosure form at the first substantive contact with a consumer. The form explains: seller's agency, buyer's agency, disclosed dual agency, designated agency, and transaction broker relationships — along with the duties owed in each. Consumers must sign acknowledging receipt of the disclosure.
Related Delaware Delaware License Law Questions
- Under Delaware law, which of the following actions by a licensee is MOST likely to result in license revocation?
- In Delaware, a broker who pays a referral fee to an unlicensed person is:
- What is the Delaware Real Estate Commission's primary function?
- What is the purpose of Delaware's real estate license law?
- What is the Delaware requirement for 'errors and omissions' (E&O) insurance for licensees?
- In Delaware, what is the 'Guaranteed Sales Plan' or 'guaranteed sale' disclosure requirement?
- Under Delaware law, a real estate salesperson who negotiates a lease of commercial property for two years is performing a licensed act that requires:
- What is the 'inactive' license status in Delaware real estate?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →