Delaware License Law
What is a 'sponsoring broker' in Delaware?
AA broker who finances a new salesperson's license fees
BThe licensed broker under whose supervision and authority a real estate salesperson is affiliated and licensed to practice✓ Correct
CA broker who sponsors continuing education courses for the Commission
DA broker who provides referrals to newly licensed salespersons
Explanation
A sponsoring broker is the licensed Delaware broker with whom a salesperson affiliates to hold their active real estate license. The sponsoring broker is responsible for the salesperson's real estate activities and supervision.
Related Delaware Delaware License Law Questions
- A Delaware real estate licensee receives a referral fee from a mortgage lender for steering a buyer to that lender. This is:
- In Delaware, which of the following activities is considered 'practicing real estate' without a license?
- What must a Delaware real estate team leader disclose when advertising under the team name?
- Which of the following activities would require a Delaware real estate license?
- What is the 'inactive' license status in Delaware real estate?
- What is the Delaware 'Real Estate Education, Research and Recovery Fund' maximum payout per transaction?
- A Delaware real estate salesperson wishes to change their employing broker. What must happen first?
- What is the 'Uniform Standards of Professional Appraisal Practice' (USPAP) and does it apply to Delaware real estate agents?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →