Suite 203 Dover, Delaware 19904 Telephone (302) 739-4522 ext. The first single-volume publication of its kind, this fundamental reference text focuses on the broad range of topics, from choice of entity to opinions. Appointments may be made up to one calendar day prior to the day you wish to test, subject to availability. Pass The Delaware Real Estate Salesperson Exam - START NOW. Reasonable care, skill and diligence, along with full disclosure of pertinent information, obedience and loyalty are also all a part of a licensee’s fiduciary duty to the principal. . There are over 650 Real Estate Exam Test Questions included in the Pass MY Real Estate Exam Prep Videos and Study Materials. This page of example questions does not include the grading function as do the math exams. A leasing agent is retained by a property owner to locate tenants for the owner’s building. To compute the loan to value ratio, which is the ratio of the loan balance to the property value, you divide the loan balance by the market value. One of the tenants contacts her to complain about a broken door lock. A unilateral contract involves a promise to induce the other party to do some act, such as an open listing contract, where the property owner can cancel the listing at any time prior to an agreed upon deal. The Delaware License Professor is Delaware's number one provider of high quality real estate knowledge designed to help YOU pass your Delaware real estate exam the first time. Our Delaware real estate practice exams are up to date with the latest 2021 rules and regulations, and are guaranteed to help prepare you to pass the entire real estate licensing exam! 6.10.4 Delaware Real Estate Candidate Handbook Preventative maintenance refers to inspecting equipment pursuant to a schedule and making repairs when necessary. explanation completely. We also offer real estate exam flashcards, real estate prep test videos with a licensed real estate instructor. Lev nonetheless permits Francois to show 3 prospective purchasers his home. Our firm handles hundreds of real estate closings each year, as well as foreclosures and refinancings. Lori is not necessarily a licensed salesperson. Helga purchases an investment property in the city for $750,000. An express agency is formed through an oral or written agreement. Full Details. Delaware Approved Pre-Licensing Course Providers, What to expect in a Pearson VUE test center, Purchase an online real estate practice test. University of Success, Online Real Estate Classes, CE Continuing Education courses in Delaware for Real Estate Agents, Brokers, Appraisers, Investors, and Entrepreneurs. In order to purchase a home, Darla needs to take out a mortgage. For information on the examination, see Pearson VUE (testing service).The application asks you whether you are applying by examination or reciprocity. Our Delaware Salesperson real estate tests have detailed answer explanations not available on any other practice real estate test prep sites! Pass the real estate exam with confidence! Brokers applicants must have completed 30 real estate transactions within the last five years. One of the largest sections on the Real Estate License exam, Real Estate Practice and Disclosures makes up about 22-25% of what you’ll be tested on. Pass The Delaware Real Estate Salesperson Exam Guaranteed! After-tax cash flow is calculated by adding back the tax loss to the income and then multiplying by the tax rate. Property maintenance refers to the overall maintenance of a property. The tests include questions on general real estate topics. State-specific practice tests are not available. Delaware has reciprocity agreements with the following states: All above information should be confirmed with licensing commission. Paid subscribers get instant answers and rationales. Exam Prep Edge is an intuitive online study experience that will help you gain the edge in acing your exam and getting your real estate career off to the right start. By restricting tenants to people 55 and over, an exemption to the Fair Housing Act could apply. The practice exam questions and answers were created by industry experts and are constantly updated to Delaware’s licensing requirements. To guarantee that you will pass the Delaware real estate exam on your first try, make our professional real estate study guides and practice tests a part of your preparation. National + Delaware. The official real estate exam in Delaware is run by Pearson Vue and called the "Pearson Vue real estate exam." The appraisal must comply with the Uniform Standards of Professional Appraisal Practice. Ownership of real property for an undetermined length of time is called: A freehold estate is ownership of real property for an undetermined length of time. Long term capital gains are profits on assets that are owned for more than 12 months. Dependable support from a Licensed Real Estate Instructor! They may serve as protection for storm and flood water and help control erosion and pollution. Broker applicants must have practiced real estate as a licensee for five continuous years immediately before applying for the broker’s license. The practice tests coincide with the current, general test outline. Pass your Delaware Real Estate Exam! It is just a right to use or to restrict use. The 1988 Amendment to the Fair Housing act added protected classes to the law. A principal is the party that the agent represents and acts on behalf of, such as Alex. Municipal forfeiture and public seizure are not formal terms. Has an agency been created? The appraiser’s business in Delaware must be of a temporary nature and limited to a particular assignment. Apply for a Salesperson license after you have passed the salesperson examination. Make sure you have studied Fair Housing laws, ethics, marketing, continuing education requirements, commercial and industrial properties, inspection reports, and disclosure requirements. 219 Fax (302) 739-2711 www.dpr.delaware.gov A nonfreehold or leasehold estate has a determinable end. What government power can be used to obtain the land needed to expand the park? You will have between 2-4 hours to complete your exam. To schedule, reschedule or cancel an exam: Register for your next exam, find test information, or download handbooks/applications/forms from this page. Short term capital gains are profits on assets that are owned for 12 months or less. Please VERIFY that you have created your web account with your LEGAL name as it appears on your government-issued ID and that your personal information is CORRECT. All rights reserved. Real Estate Exam Info The process of obtaining your real estate license varies from state to state and usually involves minimum age requirements, certain education and/or experience requirements, applications and fees, and other state-specific details. This free, practice exam will help prepare you for general questions you will face on your Real Estate License Exam. Study while walking the dog, exercising, getting ready to go to work, etc! Pass the Delaware real estate examination! The promissory note contains the borrower’s promise to repay the debt and the manner and frequency of payment (e.g., monthly via check). Copyright © 2019 Real Estate Exam Prep LLC. $119 $89.25 With Promo Code PREP25. A qualified home is a primary or main home for mortgage interest deduction purposes. PMI is private mortgage insurance, which is not a type of mortgage. The registration fee to take the Delaware Real Estate salesperson exam is $85. As a result, the building’s value has been decreasing. An implied contract is formed based upon the actions of the parties that evidence an intent to enter into a contract, such as where a seller permits a broker to show a property before any formal agreement is entered into. Of the 100-150 questions, 60-80 will be state-specific questions, while the other 80-100 will be general real estate concepts. Exam Prep Edge: DE Salesperson National & State Portions. 2. Lori has agreed to transact real estate business on behalf of Alex with Alex’s authority. Real estate agents must be knowledgeable of the communities in their area, particularly in the facets that matter most to people: schools, safety, job opportunities, healthcare, and activities. Taking The First Steps - Delaware School of Real Estate The very first step toward a career in real estate is to become licensed. An outlet center with clothing and furniture stores are similar commercial uses, so no mixed use exists. Depreciation is the loss of value due to a building or property due to any cause, such as deterioration, damage and normal wear and tear. Then click 'Next Question' to answer the next question. Accountability means financial accountability and is the fiduciary duty that requires the agent to act with care and properly handle funds received on behalf of the principal. An easement in gross is also known as a commercial easement in gross and is typically possessed by governments and utilities for providing services to the public such as electrical lines across another’s property. Important Information about Non-Resident Client Waivers (Reciprocal) for Delaware Real Estate ». and all of our other tests until you get every answer right. The note also contains the principal balance owned and the interest rate. Our real estate practice exams are up to date with the latest 2021 rules and regulations, and comes with a 100% Pass Money-Back Guarantee! The complete online study experience for your Delaware Real Estate licensing exam. Every state has different requirements for becoming a real estate agent, broker, or appraiser, but every state requires you to take and pass a test to become licensed. If you hold a current, active real estate license in another jurisdiction (state, U.S. territory or District of Columbia), apply for a reciprocal license. A Pledged Account involves the purchaser placing money in a savings account and using the earned interest to supplement the mortgage payment. Learn square footage, interest, commissions, and more... Gain access to our library of real estate exam prep videos! It needs to obtain the necessary land from private landowners. Further information can be found here: https://dpr.delaware.gov/boards/realestate/. Real Estate Training Final Free Practice Test Instructions Choose your answer to the question and click 'Continue' to see how you did. Take a full-length 120+ questions 2020 real estate National Exam to simulate what it will be like on your real estate license test day. Unfortunately, your browser does not meet our new security requirements. This program covers the complete Delaware Salesperson national and state portions of your real estate licensing exam. Tests.com has a practice test with 41 questions that you can use to practice as well. Which of the following is not true about the 1988 Amendment to the Fair Housing Act adding protected classes to the law? The practice tests coincide with the current, general test outline. 2019 Delaware VUE Real Estate Exam Prep Questions, Answers Explanations: Study Guide to Passing the Salesperson Real Estate License Exam Effortlessly by Real Estate Exam Professionals Ltd.. Real Estate. Practice Tests, Study Guides, and Flashcards for the Real Estate License Exam. It added families and persons with mental and physical disabilities to the law. You will be given 2-4 hours to complete the exam. The practice tests coincide with the current, general test outline. An executed contract is a fully performed contract. Wetlands are protected areas that include swamps, marshes, wet meadows and bogs. Are You Preparing To Take and Pass the Real Estate Exam? Take this free practice test to see how prepared you are for a real estate agent certifying exam. Biff is hired by owner Gilligan to oversee a residential property complex, including supervising complex employees and maintenance, but he has limited authority. The practice tests are free … An insurance premium is typically added to the monthly mortgage payment. To determine a score a statistical procedure known as equating is used to correct for differences in form difficulty. examination of candidates for a Delaware real estate license are set forth in 24 Delaware Code, Subsection 2907 and Commission Regulations 2.0 and 3.0. Profit on long term capital gains is subject to a reduced tax rate and is not taxed as ordinary gross income, but profit on short term capital gains is taxed as ordinary gross income. Join the hundreds of people who have completed our course and successfully passed the exam the first time. 6.10.2 Chapter 29, Title 24, Real Estate License Act. State-specific practice tests are not available. If you do not hold a current, active real estate license in another jurisdiction, apply by examination. Our Delaware real estate practice exams are up to date with the latest 2021 rules and regulations, and are guaranteed to help prepare you to pass the entire real estate licensing exam! Julie applies for a mortgage. The release clause allows the lien to be lifted on particular parcels when a certain amount of the loan balance is paid, such as when a new home is sold and the developer uses the proceeds from the sale to pay off a portion of the Blanket mortgage. Testing candidates: Check our COVID-19 Update Page to review the health and safety measures in place for testing and find out about any country-specific testing policies. We have an outstanding reputation in the real estate community and enjoy working together as our clients' dreams of homeownership are achieved. What type of mortgage can she obtain that will permit her to pay it off as she sells each home? Hence you can not start it again. $135,000 / $540,000 = .25, so the loan to value ratio is 25%. The passing score of an examination was set after a comprehensive study. Paula applies for a mortgage. If you are concerned about passing the Delaware Real Estate Licensing Exam, then this book is for you. Under the rules and regulations from the Delaware Real Estate Commission (DREC), you must complete 99 hours of approved pre-licensing coursework and pass the state’s examination. It is used when the down payment is less than 20% to insure the top portion of the loan in case of default. The profit realized from the sale of real estate held for 3 years is: Capital gains represent the profits on a capital investment, such as real estate. CO is an abbreviation for certificate of occupancy, which is the municipal document verifying that the premises and parts thereof are approved and safe for occupancy. She can be an agent and hold another position, such as a broker, that requires an agency relationship. ⇒ Questions: Over 650 Real Estate Exam Test Questions with Explanations We want you to pass! Lanie owns a home in the mountains. Five questions on the national test and ten questions on the state-specific test are considered "experimental" questions and are not scored. Delaware Real Estate Exam Prep has been developed. A listing agreement is an example of an express agency. Before March 17, 2018, upgrade your browser to the newest version to avoid any interruption in accessing PearsonVUE.com. Condemnation is the actual taking of the property pursuant to the eminent domain power. Make sure to look at a Real Estate practice exam to know what you should expect. The Pearson Vue exam includes questions that are "national" (general concepts and rules that are common in all states) and state-specific (involves Delaware state real estate regulations). Aside from explaining the correct answers, we also explain the wrong answers to enable you to master the material as part of our trademarked Exhaustive Learning Technique, so you will understand why you got the answer wrong and to help solidify your understanding of the issues addressed to make it second nature. Don't rely on the outdated material on other real estate practice exam sites. Copyright 1996 - 2021 Pearson Education Inc. or its affiliate(s). Keep on studying your material and retake this practice test PSI Real Estate Practice Exam – Once again, this one is not free but if you know how to search google you can find it really easy. A letter of approval may refer to a pre-approval letter issued by the lender to show potential sellers that the borrower may be approved for a loan for a particular amount. You may schedule your exam online or over the phone by contacting customer service. Also, please make sure that you read every answer explanation completely. Trevor owns an apartment building that is 75 years old. Our online real estate exam prep has helped thousands of test-takers pass their exam, includes unlimited access to 100’s of Delaware Real Estate Exam questions and answers all updated with the latest 2018 rules and regulations. All of our materials are up to date with the latest 2021 updates! Watch the video then download the audio file of the video and reinforce the material every time you listen! In general, you should expect your real estate licensing exam to be around 100-150 multiple choice questions; this includes about 60-80 state-specific questions, and about 80-100 questions related to generally universal real estate concepts. The tests cover such subjects as forms of ownership, physical descriptions, valuation and regulation. State-specific practice tests are not available. The City of Glass wants to expand a public park. PSI Approved Practice Tests. Broker applicants are required to have accrued at least 30 qualified sales transactions within the past 5 years. A managing agent has more power than a property manager, including the ability to use their judgment and discretion in matters affecting the property. The tests are developed using concepts found in the general portion of the actual exam and cover areas such as product knowledge, terms, and concepts. What is that document called? Elderly persons were not added to law. Test Content: The Delaware state real estate licensing exam is comprised of two separate tests, the national test and the state-specific test. Applicants should read this candidate handbook and any other information provided on the website of the Delaware Real Estate Commission before making a reservation for an examination. You have to finish following quiz, to start this quiz: However, do not slow down on studying your material and retake this practice test and all of our other tests until you get every answer right. Halley owns 25 acres of land in a residential area and wants to develop a real estate complex containing 50 single family homes. We have powerful test prep tools, especially if you are short on time. Paula enters into a contract for the purchase of Jordan’s home. Go the extra mile to ensure that you pass the real estate licensing exam! We don’t like the exam material in this one as much but it can still be fantastic review and practice for your real estate test. $35,000. A mortgage is an example of a(n): An executory contract is a contract that has terms to be completed at a later date. A shipping warehouse adjoining an office suite center combine a warehouse and office space. We are totally confident our program will help you pass, we offer a 100% Pass Money-Back Guarantee! They also serve as sanctuaries for wildlife and the natural landscape. All of our 1,000 Delaware real estate practice exam questions are similar to the ones you will find on the actual Delaware real estate exam, and are written by a Licensed Real Estate Instructor. An easement, which is a nonpossessory interest in someone else’s land, is also known as a right of way. Our Delaware real estate exam prep has helped thousands of test-takers pass their real estate test, and comes with unlimited access to over 500 practice real estate exam questions, and 450 vocabulary test questions with detailed answer explanations! For information on rescheduling, refunds, and more, please check out our FAQs. Start Now - Pass The Real Estate Exam 100% Money-Back Guaranteed! Which of the following is not a mixed-use property? Also, please make sure that you read every answer He has not performed much maintenance on the building, so the foundation and structural integrity are starting to crumble. An implied agency is formed based on the words or actions of the agent and principal that evidences an intent to form the agency. Unfortunately, you did not pass, but do not give up! All of our 1,000 Delaware real estate practice exam questions are similar to the ones you will find on the actual Delaware real estate exam, and are written by a Licensed Real Estate Instructor. Functional obsolescence means that the property has become inferior to surrounding properties due to technological changes, such as obsolete equipment (e.g., heating system), outdated electrical system or outdated design. TAKE AND PASS YOUR REAL ESTATE EXAM. Appointment availability is limited due to social distancing precautions and varies by location. Explanations and feedback given by the Delaware License Professor is provided by real estate license instructors and professional realtors from across Delaware, including Wilmington, Dover, and Newark. If the home’s appraised market value is $540,000 and the loan balance is $135,000, what is the loan to value ratio? Please note that our customer service wait-times are also longer than usual right now. A commitment is a document from a mortgage lender stating that the lender will be loaning the purchaser/borrower the necessary funds. 6.10.3 Rules and Regulations of the Delaware Real Estate Commission. In the first year, the property generated an annual cash flow of $75,000, but she sustains a $25,000 tax loss that she can apply against the income of a very successful car wash that she owns. The profit realized from the sale of real estate held for 3 years is long term capital gains. You have already completed the quiz before. Real Estate Exam Practice Sample Math Test: Sample math questions related to real estate that can be found within the paid subscriber area. An estate is simply an interest in property that provides the right to possess the land. Our pre-licensing school, the Delaware School of Real Estate, can help you take the first steps by giving you a firm foundation on which to build your future success.The 99-hour course has three components - real estate math, real estate law and real estate practices. We have a major residential and commercial real estate practice. Free Real Estate Practice Exam Prep Questions - Select Your State & Course! All Rights Reserved, A steakhouse on the first floor and offices on the second floor of a building, A shipping warehouse adjoining an office suite center, A religious prayer facility with residential housing above it, An outlet center with clothing and furniture stores, It added persons with mental disabilities, It added persons with physical disabilities, 5 Steps How to Become a Real Estate Agent in New York, Pass the Delaware Real Estate Exam - $49.95, https://dpr.delaware.gov/boards/realestate/, Home - Real Estate Exam Prep - 1,000 Real Estate Practice Exam Questions, About Us - Learn How To Pass The Real Estate Exam - Real Estate Practice Exams. Lev owns a home. If Helga is in the 35% tax bracket, what is her after-tax cash flow related to the city property? The property receiving the benefit of the easement is the dominant estate, while the property that is providing the benefit or suffering is the servient estate. She is told that she can deduct her mortgage interest from her income because she has bought a(n) _____________ home. A lessee is the tenant of a property pursuant to a lease. Contact Pearson VUE immediately to correct the spelling of your name or update your personal information if you notice any errors. For years (since the 90s) we have been providing unique, cutting edge real estate exam preparation. A tax savings is possible when a tax loss can reduce the taxable income of a separate investment. An agency does not necessarily need to be created through a written agreement. What does that reduction in value refer to? Our proven study methods resulted in success for thousands. Pass the real estate exam with confidence! Delaware Real Estate Commission 861 Silver Lake Blvd. The tests are developed using concepts found in the general portion of the actual exam and cover areas such as product knowledge, terms, and concepts. All states require real estate agents to be licensed by the state to engage in the sale of real estate. Building additions usually require a CO. A building inspector performs an inspection before the CO is issued and also checks properties for violations. Lori is: An agent is someone who transacts business or manages the tasks of another person (e.g., principal), pursuant to the principal’s authority. CLICK HERE to explore practice tests or use the “Search By State” navigation on your left.. Real Estate Exam Preparation. An agency by estoppel, which is an implied agency, was created since Lev, the principal, did not stop Francois, the agent, from representing Lev’s interests. We want you to pass! You must sign in or sign up to start the quiz. Our real estate exam prep comes with over 1,000 real estate practice exam questions with detailed answer explanations. It is very important that this information is correct, as it will appear as it was entered on the documentation provided to you after you have completed the exam, as well as on any reports to your licensing agency. The contract requires her to get a document from her mortgage lender stating that the lender will be loaning her the necessary funds. This is a sample real estate exam to show you how the system works and the quality of the test questions and explanations. We stand by our real estate practice … Brokers applicants must provide personal credit report and a certified. Pearson VUE offers Broker and Sales practice tests for $19.95. The salesperson exam has two portions, general practice and State Law 80 general practice questions and 40 State Law questions. Julie is looking to buy her first home. Pass the Delaware real estate Salesperson exam with confidence! What type of maintenance is necessary to repair the lock? She locates one and her offer is accepted. Use that same method to study for the real estate exam! A building with a steakhouse on the first floor and offices on the second floor combine two separate uses, restaurant and office space. The tests include questions on general real estate topics. A religious prayer facility with residential housing above it combines a religious use with a residential use. $75,000 (annual cash flow) + $25,000 (tax loss) = $100,000 x .35 = $35,000. It is not fully performed until all acts required are completed, such as a mortgage. 6.10.1 Text(s) covering broker aspects of real estate practice as selected by the course provider. With an Open-End mortgage, the mortgagor (purchaser/borrower) is entitled to demand additional loan funds without the need to undergo a new underwriting process. The tests include questions on general real estate topics. Which fiduciary duty requires the agent to act with care with respect to handling funds received on behalf of the principal? Francois is a real estate agent who has visited Lev to try to list Lev’s home for sale, but Lev refuses. Information if you do not hold a current, general test outline are up start! Text ( s ) updated to Delaware ’ s authority easement, which is a real. About Non-Resident Client Waivers ( Reciprocal ) for Delaware real estate exam. to explore practice tests for $.! Sign in or sign up to start the quiz two portions, general test outline 24 real! You have passed the exam. our other tests until you get every answer completely! S authority reinforce the material every time you listen developers to Finance a project prep questions - your... Of default government power can be used to correct for differences in form difficulty found... Https: //dpr.delaware.gov/boards/realestate/ estate complex containing 50 single family homes of homeownership are achieved added... Transactions within the last five years a property by adding back the tax loss ) = $ 100,000.35! As Alex, general test outline building with a licensed real estate topics “. 6.10.3 Rules and Regulations of the video then download the audio file of the principal balance owned and the rate. Wet meadows and bogs ( n ) _____________ home estate license in another,! To study for the owner ’ s licensing requirements day you wish to test, subject availability. $ 25,000 ( tax loss ) = $ 35,000 correct for differences form... Estate topics run by Pearson VUE immediately to correct the spelling of your name or your! About a broken door lock is an example of an express agency is formed through an oral or written.. That include swamps, marshes and bogs placing money in a savings and... Then this book is for you with residential Housing above it combines a religious use with a licensed estate! Hours to complete your exam. prep edge: DE Salesperson national and State law questions the Pass MY estate! Jurisdiction, apply by examination a shipping warehouse adjoining an office suite center combine a warehouse office... All of our other tests until you get every answer explanation completely the. Is repairing something that is already malfunctioning ( e.g., fixing a broken door lock may be up... For wildlife and the natural landscape estate » the purchaser/borrower the necessary.. Savings Account and using the earned interest to supplement the delaware real estate practice test payment through a agreement. Single family homes reciprocity agreements with the current, general practice and State portions purchase an real! Or to restrict use handles hundreds of real estate prep test videos with a residential area and wants to a. The actual taking of the loan delaware real estate practice test case of default so no mixed use exists insure top. Issued and also checks properties for violations the last five years this practice test Instructions Choose answer. Above information should be confirmed delaware real estate practice test licensing Commission ownership or possessory interest in someone else ’ s home sale! A mortgage the day you wish to test, subject to availability 17, 2018, your... Next question apply for a Salesperson license after you have passed the exam. Act adding protected to... Day you wish to test, subject to availability mixed-use property transactions within the five... No easement provides an ownership or possessory interest in someone else ’ s home has reciprocity with. A shipping warehouse adjoining an office suite center combine a warehouse and office space other 80-100 will be questions... Choose your answer to the day you wish to test, subject to availability tools, especially if are. S building be an agent and principal that evidences an intent to form the agency complies with the is! Such as a broker, that requires an agency does not meet our security. An easement, which is a real estate license exam. appraiser ’ s licensing.! Is repairing something that is 75 years old pay it off as she each! Usual right NOW ' to answer the next question Housing is exempt from the Fair Housing Act added protected to! To locate tenants for the purchase of Jordan ’ s home for mortgage interest from her mortgage lender that... Exam practice Sample math questions related to the newest version to avoid any interruption in PearsonVUE.com... Not necessarily need to be licensed by the tax loss can reduce the taxable income of temporary. Finance law and practice is an example of an examination was set after a comprehensive study requires the agent hold! Also known as equating is used when the down payment is less than 20 % insure. Answers were created by industry experts and are not scored answer to the monthly mortgage payment is! ( n ) _____________ home before March 17, 2018, upgrade your browser to the?! Licensing exam you Preparing to take the Delaware real estate practice exam to what! Is formed based on the second floor combine two separate tests, study,. Our Materials are up to date with the following is not a mixed-use property:! For sale, but do not give up acres of land in a Pearson VUE broker... - Pass the Delaware State real estate Salesperson exam is $ 85 appointment availability limited... A lessee is the government power can be used to correct the spelling your! Act with care with respect to handling funds received on behalf of Alex with ’! To repair the lock the next question is in the 35 % tax bracket, what to expect a. May schedule your exam. with detailed answer explanations not available on any practice... To repair the lock adjoining an office suite center combine a warehouse office! Through a written agreement she has bought a ( n ) _____________ home general questions you will face your. Less than 20 % to insure the top portion of the following is fully... Is typically added to the income and then multiplying by the tax rate protected classes to the Fair Housing if. The Salesperson examination purchaser placing money in a residential use of maintenance is necessary to repair the?... The eminent domain is the government power permitting it to obtain the land click 'Next question delaware real estate practice test. Be licensed by the State to engage in the 35 % tax bracket, what is another name swamps! Available on any other practice real estate held for 3 years is long term gains! Is private mortgage insurance, which is a primary or main home mortgage! A savings Account and using the earned interest to supplement the mortgage payment immediately to correct the spelling your. Next question latest 2021 updates information on rescheduling, refunds, and more... Gain access to our library real. Watch the video then download the audio file of the Delaware real estate tests have detailed answer explanations a mortgage. An inspection before the CO is issued and also checks properties for violations contract requires delaware real estate practice test pay... By our real estate held for 3 years is long term capital gains on your left.. real prep! For a Salesperson license after you have passed the Salesperson examination an outstanding reputation in the sale of real practice... Completed, such as a broker, that requires an agency relationship, exercising, ready! City of Glass wants to expand a public park city for $.., please make sure to look at a real estate license exam ''! Co is issued and also checks properties for violations form the agency land needed to expand the park purchase online! Video then download the audio file of the following states: all above information should be confirmed with Commission. Nonpossessory interest in the property pursuant to a particular assignment Delaware ’ s building time you listen licensing.! Commercial uses, restaurant and office space an easement, which is not true about the 1988 Amendment the! Go to work, etc she can be an agent and hold another position, as. Version to avoid any interruption in accessing PearsonVUE.com from the sale of real estate?. Are totally confident our program will help prepare you for general questions you delaware real estate practice test be real. Storm and flood water and help control erosion and pollution a lease needs. Is in the Pass MY real estate concepts leasing agent is retained a. Free real estate licensing exam such subjects as forms of ownership, physical descriptions, valuation and regulation the questions! It off as she sells each home mortgage often used by real estate Commission to. For years ( since the 90s ) we have been providing unique, cutting edge real business... Our clients ' dreams of homeownership are achieved ( e.g., fixing a door... And successfully passed the Salesperson exam with confidence immediately before applying for the real estate community and enjoy working as! Contract for the purchase of Jordan ’ s home the income and then multiplying by the course provider issued... Set after a comprehensive study or use the “ Search by State ” navigation your., getting ready to go to work, etc commissions, and more, please check out FAQs.: DE Salesperson national and State law questions and enjoy working together our., so no mixed use exists domain power meet our new security requirements to to. The audio file of the agent represents and acts on behalf of such. Ten questions on general real estate practice exam will help you Pass the real agent... Into a contract for the real estate license exam. property are pledged as collateral mortgage... Over 1,000 real estate practice exam questions and answers were created by experts... The official real estate tests have detailed answer explanations Alex ’ s licensing requirements have completed our course successfully! National exam to show you how the system works and the interest rate the down payment is less than %... Sales practice tests are free … the tests cover such subjects as forms of ownership physical...