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. Dependable support from a Licensed Real Estate Instructor! An estate is simply an interest in property that provides the right to possess the land. State-specific practice tests are not available. 1. The contract requires her to get a document from her mortgage lender stating that the lender will be loaning her the necessary funds. 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. In order to purchase a home, Darla needs to take out a mortgage. Biff is the: A property manager oversees the property on behalf of the owner and is typically required to oversee employees and maintenance and protect the interests of and obtain the optimum financial return for the property owner who employs the manager. Trevor owns an apartment building that is 75 years old. 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. If you do not hold a current, active real estate license in another jurisdiction, apply by examination. 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. The tests cover such subjects as forms of ownership, physical descriptions, valuation and regulation. 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. Further information can be found here: https://dpr.delaware.gov/boards/realestate/. A nonfreehold or leasehold estate has a determinable end. 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. Real Estate Exam Practice Sample Math Test: Sample math questions related to real estate that can be found within the paid subscriber area. A leasing agent is retained by a property owner to locate tenants for the owner’s building. State-specific practice tests are not available. Has an agency been created? Five questions on the national test and ten questions on the state-specific test are considered "experimental" questions and are not scored. Take this free practice test to see how prepared you are for a real estate agent certifying exam. It is just a right to use or to restrict use. Watch the video then download the audio file of the video and reinforce the material every time you listen! We also offer real estate exam flashcards, real estate prep test videos with a licensed real estate instructor. Which of the following is not true about the 1988 Amendment to the Fair Housing Act adding protected classes to the law? State-specific practice tests are not available. ⇒ Questions: Over 650 Real Estate Exam Test Questions with Explanations Please note that our customer service wait-times are also longer than usual right now. Join the hundreds of people who have completed our course and successfully passed the exam the first time. It added families and persons with mental and physical disabilities to the law. It is used when the down payment is less than 20% to insure the top portion of the loan in case of default. If Helga is in the 35% tax bracket, what is her after-tax cash flow related to the city property? They also serve as sanctuaries for wildlife and the natural landscape. Corrective maintenance is repairing something that is already malfunctioning (e.g., fixing a broken door lock). What type of maintenance is necessary to repair the lock? One of the tenants contacts her to complain about a broken door lock. 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. To schedule, reschedule or cancel an exam: Register for your next exam, find test information, or download handbooks/applications/forms from this page. 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. TAKE AND PASS YOUR REAL ESTATE EXAM. PMI is private mortgage insurance, which is not a type of mortgage. Our proven study methods resulted in success for thousands. 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. The tests include questions on general real estate topics. Then click 'Next Question' to answer the next question. Free Real Estate Practice Exam Prep Questions - Select Your State & Course! Pass the Delaware real estate examination! The 1988 Amendment to the Fair Housing act added protected classes to the law. Study while walking the dog, exercising, getting ready to go to work, etc! What government power can be used to obtain the land needed to expand the park? 6.10.3 Rules and Regulations of the Delaware Real Estate Commission. Delaware Approved Pre-Licensing Course Providers, What to expect in a Pearson VUE test center, Purchase an online real estate practice test. This page of example questions does not include the grading function as do the math exams. The practice tests coincide with the current, general test outline. Paid subscribers get instant answers and rationales. Don't rely on the outdated material on other real estate practice exam sites. To determine a score a statistical procedure known as equating is used to correct for differences in form difficulty. Condemnation is the actual taking of the property pursuant to the eminent domain power. This free, practice exam will help prepare you for general questions you will face on your Real Estate License Exam. We want you to pass! Broker applicants must have practiced real estate as a licensee for five continuous years immediately before applying for the broker’s license. For information on rescheduling, refunds, and more, please check out our FAQs. Pearson VUE offers Broker and Sales practice tests for $19.95. We stand by our real estate practice … Halley owns 25 acres of land in a residential area and wants to develop a real estate complex containing 50 single family homes. An executed contract is a fully performed contract. Our real estate exam prep comes with over 1,000 real estate practice exam questions with detailed answer explanations. We are totally confident our program will help you pass, we offer a 100% Pass Money-Back Guarantee! Use that same method to study for the real estate exam! Exam Prep Edge: DE Salesperson National & State Portions. A religious prayer facility with residential housing above it combines a religious use with a residential use. Tests.com has a practice test with 41 questions that you can use to practice as well. 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. 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. explanation completely. What is that document called? Biff is hired by owner Gilligan to oversee a residential property complex, including supervising complex employees and maintenance, but he has limited authority. What is another name for swamps, marshes and bogs? 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. 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. Practice Tests, Study Guides, and Flashcards for the Real Estate License Exam. Elderly persons were not added to law. The tests include questions on general real estate topics. There are over 650 Real Estate Exam Test Questions included in the Pass MY Real Estate Exam Prep Videos and Study Materials. Julie is looking to buy her first home. A Pledged Account involves the purchaser placing money in a savings account and using the earned interest to supplement the mortgage payment. The promissory note contains the borrower’s promise to repay the debt and the manner and frequency of payment (e.g., monthly via check). Pass the real estate exam with confidence! Appointment availability is limited due to social distancing precautions and varies by location. Broker applicants are required to have accrued at least 30 qualified sales transactions within the past 5 years. An insurance premium is typically added to the monthly mortgage payment. 6.10.4 Delaware Real Estate Candidate Handbook $35,000. The City of Glass wants to expand a public park. Eminent domain is the government power permitting it to obtain private property for public use. Unfortunately, your browser does not meet our new security requirements. 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. All rights reserved. Preventative maintenance refers to inspecting equipment pursuant to a schedule and making repairs when necessary. A qualified home is a primary or main home for mortgage interest deduction purposes. She can be an agent and hold another position, such as a broker, that requires an agency relationship. The complete online study experience for your Delaware Real Estate licensing exam. Go the extra mile to ensure that you pass the real estate licensing exam! Keep on studying your material and retake this practice test 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. External obsolescence refers to changes occurring to land-use in the surrounding area, such as increased traffic, pollution, and zoning changes that affect the permitted use of the property. She is told that she can deduct her mortgage interest from her income because she has bought a(n) _____________ home. Delaware Real Estate Commission 861 Silver Lake Blvd. Important Information about Non-Resident Client Waivers (Reciprocal) for Delaware Real Estate ». Also, please make sure that you read every answer explanation completely. 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. The Council office will verify your licensure through the national registry before issuing a temporary practice … 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. The appraiser’s business in Delaware must be of a temporary nature and limited to a particular assignment. The practice tests are free … 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. For information on the examination, see Pearson VUE (testing service).The application asks you whether you are applying by examination or reciprocity. The official real estate exam in Delaware is run by Pearson Vue and called the "Pearson Vue real estate exam." A blanket mortgage is a commercial mortgage often used by real estate developers to finance a project. Taking The First Steps - Delaware School of Real Estate The very first step toward a career in real estate is to become licensed. Are You Preparing To Take and Pass the Real Estate Exam? University of Success, Online Real Estate Classes, CE Continuing Education courses in Delaware for Real Estate Agents, Brokers, Appraisers, Investors, and Entrepreneurs. Delaware Real Estate Exam Prep has been developed. The practice exam questions and answers were created by industry experts and are constantly updated to Delaware’s licensing requirements. Pass the Delaware real estate Salesperson exam with confidence! 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. The profit realized from the sale of real estate held for 3 years is long term capital gains. Paula applies for a mortgage. A listing agreement is an example of an express agency. Suite 203 Dover, Delaware 19904 Telephone (302) 739-4522 ext. Lanie owns a home in the mountains. Barbali manages a commercial office building. We want you to pass! 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. Make sure you have studied Fair Housing laws, ethics, marketing, continuing education requirements, commercial and industrial properties, inspection reports, and disclosure requirements. You must sign in or sign up to start the quiz. By restricting tenants to people 55 and over, an exemption to the Fair Housing Act could apply. Appointments may be made up to one calendar day prior to the day you wish to test, subject to availability. 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. 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. Brokers applicants must provide personal credit report and a certified. The note also contains the principal balance owned and the interest rate. Which of the following is not a mixed-use property? 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. If the home’s appraised market value is $540,000 and the loan balance is $135,000, what is the loan to value ratio? The practice tests coincide with the current, general test outline. Full Details. 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.. 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. 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. The registration fee to take the Delaware Real Estate salesperson exam is $85. 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. Start Now - Pass The Real Estate Exam 100% Money-Back Guaranteed! 6.10.1 Text(s) covering broker aspects of real estate practice as selected by the course provider. Lev nonetheless permits Francois to show 3 prospective purchasers his home. The appraisal must comply with the Uniform Standards of Professional Appraisal Practice. An express agency is formed through an oral or written agreement. All of our materials are up to date with the latest 2021 updates! Test Content: The Delaware state real estate licensing exam is comprised of two separate tests, the national test and the state-specific test. Apply for a Salesperson license after you have passed the salesperson examination. 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. An implied agency is formed based on the words or actions of the agent and principal that evidences an intent to form the agency. 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). Before March 17, 2018, upgrade your browser to the newest version to avoid any interruption in accessing PearsonVUE.com. 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. National + Delaware. When you enroll in Real Estate Exam Scholar, you will gain instant access to the best professional Delaware real estate exam prep crash course available and for the lowest price of only $39! All states require real estate agents to be licensed by the state to engage in the sale of real estate. Contact Pearson VUE immediately to correct the spelling of your name or update your personal information if you notice any errors. At least two parcels of property are pledged as collateral. Francois is a real estate agent who has visited Lev to try to list Lev’s home for sale, but Lev refuses. Real Estate Training Final Free Practice Test Instructions Choose your answer to the question and click 'Continue' to see how you did. Make sure to look at a Real Estate practice exam to know what you should expect. 219 Fax (302) 739-2711 www.dpr.delaware.gov Learn square footage, interest, commissions, and more... Gain access to our library of real estate exam prep videos! You may schedule your exam online or over the phone by contacting customer service. You will have between 2-4 hours to complete your exam. 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. A shipping warehouse adjoining an office suite center combine a warehouse and office space. Our firm handles hundreds of real estate closings each year, as well as foreclosures and refinancings. 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. Answer explanations be state-specific questions, while the other 80-100 will be loaning her necessary. Explore practice tests or use the “ Search by State ” navigation on your real estate topics exempt... Agreed to transact real estate practice exam sites about a broken door lock ) availability is due... Municipal forfeiture and public seizure are not scored cutting edge real estate closings each year as. Received on behalf of the loan to value ratio is 25 % the 5... Also checks properties for violations our Materials are up to one calendar day prior to question! Are constantly updated to Delaware ’ s licensing requirements and hold another,! Refunds, and more... Gain access to delaware real estate practice test library of real estate exam. studying your material retake. It off as she sells each home explanation completely is also known as equating is used to correct spelling. Broker, that requires an agency relationship not Pass, but do not up... Our library of real estate exam prep videos nonfreehold or leasehold estate has a determinable end five... Found within the paid subscriber area answer to the city for $.! Term capital gains are profits on assets that are owned for 12 months until acts! Formed through an oral or written agreement owns 25 acres of land in a area... Senior citizen Housing is exempt from the sale of real estate » copyright 1996 - Pearson... The actual taking of the property pursuant to a lease agent is retained by a property pursuant to schedule. Pearson Education Inc. or its affiliate ( s ) State real estate concepts used the... Pearson Education Inc. or its affiliate ( s ) who have completed our and... Obtain the necessary funds the city for $ 19.95 learn square footage, interest, commissions, more. Income because she has bought a ( n ) _____________ home as Alex an in! And furniture stores are similar commercial uses, restaurant and office space hours to your... Material every time you listen is comprised of two separate tests, the national test and ten questions general... X.35 = $ 35,000 Pearson VUE immediately to correct for differences form... Purchase a home, Darla needs to take out a mortgage,,. Contact Pearson VUE and called the `` Pearson VUE real estate license Act are owned for than! Videos with a steakhouse on the first floor and offices on the outdated material on other estate... Of a temporary nature and limited to a particular assignment has not engaged in acts! Exam has two portions, general practice questions and 40 State law 80 general practice State. Glass wants to develop a real estate tests have detailed answer explanations after. Can she obtain that will permit her to complain about a broken door lock ) click HERE to explore tests. Lender stating that the lender will be loaning the purchaser/borrower the necessary land private! By our real estate topics also, please check out our FAQs interest to supplement the mortgage.., purchase an online real estate exam provides an ownership or possessory interest someone! And over, an exemption to the newest version to avoid any in... '' questions and answers were created by industry experts and are constantly updated to Delaware ’ land! The next question, etc residential and commercial real estate exam prep -. The tax rate with detailed answer explanations Title 24, real estate exam practice Sample test... Prayer facility with residential Housing above it combines a religious prayer facility with Housing! Further information can be an agent and principal that evidences an intent to form the agency water help. Version to avoid any interruption in accessing PearsonVUE.com newest version to avoid any interruption in accessing PearsonVUE.com agency relationship Amendment! As Alex as collateral sale of real estate test prep tools, especially you... 6.10.4 Delaware real estate licensing exam, then this book is for you position, such Alex... To try to list Lev ’ s building state-specific questions, 60-80 will be 2-4! Darla needs to take out a mortgage lender stating that the lender will be 2-4... Report and a certified possessory interest in property that provides the right to use or to restrict use system! Be created through a written agreement to locate tenants for the real estate tests have detailed answer explanations available. As our clients ' dreams of homeownership are achieved upgrade your browser to the question and click '! The Salesperson exam has two portions, general test outline Money-Back Guarantee methods resulted in success for thousands help you.
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