Delaware License LawIntermediateDelaware Exam
When must a Delaware real estate licensee provide their license number?
AOnly in formal legal documents
BWhen requested and on advertising materialsCorrect
COnly on the MLS listing
DNever, it is private information
Why When requested and on advertising materials Is Correct
Answer B: When requested and on advertising materials
Delaware licensees must include their license number on advertising materials and must provide it when requested, ensuring transparency and accountability.
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Key Terms to Know
Earnest Money
A deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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