1. A listing where the seller may sell themselves without owing commission, but only the listing broker among agents is protected, is:
Answer & explanation
Answer: B. In an exclusive agency listing, the seller pays no commission on a self-sale, but the listing broker is protected if any broker sells it. (Reclassified to section 6 / CORE.)
2. A licensee whose license was revoked (not permanently) may apply for a new license after at least:
Answer & explanation
Answer: D. Rule 13.2: two years, plus course and exam; permanent revocation bars relicensing forever.
3. A salesperson wants to buy a FSBO home for his own investment. He must:
Answer & explanation
Answer: D. A licensee acting as a principal must disclose licensed status, because the licensee has superior knowledge and expertise.
4. How many hours of prelicensing education must a Delaware salesperson applicant complete?
Answer & explanation
Answer: A. DPR's salesperson page requires the 99-hour Delaware salesperson course.
5. How long is the late-renewal period after a license expires?
Answer & explanation
Answer: C. Rule 12.3 permits late renewal for up to 30 days with a late fee; CE still had to be done by April 30.
6. Which statement about dual agency is correct?
Answer & explanation
Answer: D. Dual agency creates an inherent conflict; with informed written consent, the agent provides limited representation and must keep each party's confidences.
7. A salesperson earns $6,000 on a $150,000 sale. What was the commission rate?
Answer & explanation
Answer: B. Rate = commission / sale price = $6,000 / $150,000 = 0.04 = 4%.
8. A license expired 9 months ago. What is required to reinstate it?
Answer & explanation
Answer: C. Rule 13.1: 6 months to under 2 years requires late fees, the Delaware law course, and the state exam. Seven modules alone covers 30 days to under 6 months.
9. Before accepting a written listing on residential property, the licensee must:
Answer & explanation
Answer: B. Rule 10.7.
10. When competing brokerages agree to charge the same commission rate, they commit:
Answer & explanation
Answer: D. Agreeing on commissions among competitors is illegal price fixing under the Sherman Antitrust Act; commissions must be set independently and are always negotiable.
11. What is required for the Commission to discipline a licensee?
Answer & explanation
Answer: A. §2904 says a majority is a quorum, but disciplinary action needs at least five affirmative votes. A bare majority of a quorum could be fewer than five.
12. A licensee who receives a temporary suspension order may request an expedited hearing within:
Answer & explanation
Answer: B. §2915 allows the request within 5 calendar days. 24 hours is the minimum notice before suspension; 30 days is the appeal window.
13. At a new-construction development open to the public, an unlicensed person may staff the site when:
Answer & explanation
Answer: A. Rule 11.2.
14. The minimum age for a Delaware salesperson license is:
Answer & explanation
Answer: D. §2907(b) sets 18 for salespersons; 23 is the associate broker minimum.
15. Mixing client trust funds with the broker's own business funds is:
Answer & explanation
Answer: B. Commingling client/escrow funds with the broker's operating funds is prohibited and grounds for discipline. Using those funds for personal purposes is conversion.
16. An agent tells a buyer he will show homes only if the buyer uses the agent's brother as mortgage broker. This is an illegal:
Answer & explanation
Answer: A. Conditioning one service on the purchase of another is a tying arrangement prohibited by antitrust law.
17. In a life estate, the person who receives the property when the life tenant dies is the:
Answer & explanation
Answer: A. The life tenant has a present interest; the remainderman holds a future interest. If the property returns to the grantor, it is a reversion.
18. Under an open listing, the seller owes a commission to:
Answer & explanation
Answer: C. Open listings are non-exclusive; only the procuring broker is paid, and the owner owes nothing for a self-sale.
19. When does a licensee's duty of confidentiality to a consumer begin?
Answer & explanation
Answer: B. §2934(a): confidentiality begins at first contact; other duties begin at the earliest of appointment, showing, offer, or otherwise working for the client.
20. A licensee never signs a buyer agreement but repeatedly gives a buyer negotiating advice and acts on his behalf. An agency relationship may have been created by:
Answer & explanation
Answer: A. Implied agency arises from conduct; the agent then owes full fiduciary duties. Express agency is created by stated agreement, ideally in writing.
21. The deed clause that defines the extent of the estate granted, often beginning 'to have and to hold,' is the:
Answer & explanation
Answer: D. The habendum clause defines the estate conveyed; the granting clause contains the words of conveyance.
22. The federal law that prohibits price fixing, group boycotts, market allocation and tie-in agreements is the:
Answer & explanation
Answer: A. The Sherman Antitrust Act of 1890 prohibits conspiracies in restraint of trade, including these practices.
23. Two brokerages agree that one will work only on the east side of town and the other only on the west side. This is:
Answer & explanation
Answer: C. Dividing territories or customers among competitors eliminates competition and is illegal market allocation.
24. On the $20,000 commission above, the listing broker keeps 50% and pays 50% to the buyer's broker. How much does the buyer's broker receive?
Answer & explanation
Answer: D. $20,000 x 0.50 = $10,000 to the buyer's broker.
25. Which action may a life tenant take WITHOUT the remainderman's consent?
Answer & explanation
Answer: D. A life tenant may occupy or lease the property for the duration of the life estate but cannot sell, mortgage or commit waste that harms the remainderman's future interest.
Sources
Source verification pending. Confirm current requirements with your state regulator.