What is 'puffing' versus 'misrepresentation' in Delaware real estate?
Why Puffing is subjective praise a reasonable person would not rely on; misrepresentation involves false statements of material fact Is Correct
Answer B: Puffing is subjective praise a reasonable person would not rely on; misrepresentation involves false statements of material fact
Exam Tip: Agency
Agency questions are among the most tested on the exam. Focus on the difference between client and customer, and memorize the fiduciary duties (OLD CAR). Watch for questions that try to blur the line between a general agent and a special agent.
People Also Study
Related Delaware Questions
- In Delaware, which party in a land contract (contract for deed) holds legal title during the contract term?Property Ownership
- What is a 'material fact' that must be disclosed under Delaware real estate law?Contracts
- In Delaware, what is the 'material fact' disclosure requirement for agents?Agency
- What is 'equitable title' versus 'legal title' in a Delaware real estate transaction?Escrow & Title
- What is 'misrepresentation' versus 'fraud' in Delaware real estate license law?Delaware License Law
- What is a 'recorded plat' and how does it create legal lot descriptions in Delaware?Property Ownership
- In a designated agency arrangement in Delaware, two licensees from the same firm each represent one party. The broker:Agency
- Material facts that a Delaware seller's agent must disclose include:Agency
Key Terms to Know
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
State-Specific Concepts
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →