Delaware License Law
What is 'broker of record' in a Delaware real estate company?
AThe broker with the highest sales volume in the company
BThe licensed broker designated as responsible for the brokerage's licensed activities — holding the brokerage license, supervising all affiliated licensees, and bearing legal responsibility for the brokerage's compliance with Delaware Real Estate Code✓ Correct
CA retired broker who provides advice to the active broker
DThe broker who records all transactions with the county recorder
Explanation
The broker of record (or qualifying broker) is the licensed broker responsible for the real estate company's activities under Delaware law. They hold the company's real estate license, are responsible for supervising all affiliated licensees, maintaining escrow accounts, ensuring compliance with the Delaware Real Estate Code, and facing consequences for any violations within the brokerage.
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