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Real Estate Salesperson Exam — National Portion

Agency (DE): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Delaware

After a brokerage relationship ends, which duties continue under 24 Del. C. 2934(b)?

  1. Monitoring the property for one year
  2. Defending the client in any later lawsuit
  3. Disclosing new offers and market changes
  4. Accounting for money and keeping confidences
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D. Accounting for money and keeping confidences — 24 Del. C. 2934(b).

Question 2 · Delaware

A competitive market analysis (CMA) may NOT be prepared for whom?

  1. A potential seller deciding on a listing price for the home
  2. A lender on a property under a signed sale agreement
  3. A landlord setting a rent for a lease listing
  4. A potential buyer deciding what to offer
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B. A lender on a property under a signed sale agreement — 24 Del. C. 2931.

Question 3 · Delaware

When may a Delaware licensee act as a common law agent in a 1-to-4 family residential sale?

  1. Only when the buyer pays the full commission
  2. If set up in writing and the broker never dual-agents
  3. Whenever the client signs the standard CIS form
  4. Only for new construction sold by a builder
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B. If set up in writing and the broker never dual-agents — 24 Del. C. 2932(c)(4).

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