Click on a link below to learn more. 1.1.2 Pursuant to the Administrative Procedure Act, 29 Del.C. 13.2.2 For all new Salesperson, Associate Broker and Broker Licensees, who were licensed through reciprocity: 18.104.22.168 No continuing education is required for fewer than six months of licensure. 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. Â§2912(a) and subject to the disciplinary sanctions set forth in 24 Del.C. Who Grants a License: Licenses are granted by the Delaware Real Estate Commission (“DREC”). 11 Del.C. 15.1.45 Unlawful use of credit card; felony. Â§826. For new office applications submitted after February 3, 2012, pursuant to 29 Del.C. Every state governs real estate transactions through its own individual laws and regulations. There is an exemption to the general rule that transfer taxes can't be deducted. Â§2907(g). 13.1.3 Courses approved for Modules 1 â 6 automatically qualify for credit for Module 7. 15.1.80 Third or more conviction for driving a vehicle while under the influence or with a prohibited alcohol or drug content; felony. 1.5 Change of address. 22.214.171.124 Any Licensee who advertises any real property for sale, lease, exchange, or transfer that is listed with a Broker shall include in legible print in the advertisement the complete Brokerage Organization name that has been registered with the Commission, and Brokerage Organization phone number registered by the Broker with the Commission for that office location. Â§2901(e)(4), the "business of crying sales of real or personal property" shall mean the public event or sale occurring on an advertised date, when an auctioneer engages in the act of crying or calling for, the recognition of, and the acceptance of bids where the sale price of the property offered is determined by the increasing of competitive bids until the highest accepted bidder becomes the purchaser. In addition, the Division of Professional Regulation may assess a fee to be paid by the regulated professional to cover administrative costs associated with the Voluntary Treatment Option. Â§1108. 29 and the Commission's Rules and Regulations may also result in disciplinary action against his or her Broker's license. Nothing above shall be construed to allow anyone to take the course for the purpose of licensing until after the waiting period of two (2) years. Â§574, 15.1.85 Violations of the Securities Act. Â§2912. 11 Del.C. 15.1.15 Continuous sexual abuse of a child; class B felony. An application for an additional license shall state the location of the branch office and the name of the Designated On-Site Supervisor, who shall be a Delaware Licensee and who shall be in charge of managing the branch office on a full time basis. 126.96.36.199 Six (6) hours of continuing education are required after at least six months but less than twelve months of licensure. 73, 15.1.86 Financial exploitation of infirm adult; felony. 15.1.20 Burglary in the second degree; class D felony. 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. 15.1.73 Organized Crime and Racketeering, Class B Felony. 15.1 Conviction of any of the following crimes, or conviction of the attempt to commit or of a conspiracy to commit or conceal or of solicitation to commit any of the following crimes, is deemed to be substantially related to the practice of Real Estate Services in the State of Delaware without regard to the place of conviction: 15.1.1 Reckless endangering in the first degree. 8.5 Advertising [24 Del.C. Unjustified noncompliance with the continuing education requirements set forth in these Rules and Regulations shall constitute a violation of 24 Del.C. 11 Del.C. Designated Agent: Every Broker is responsible for making certain that all of his or her Salespersons and Associate Brokers are currently licensed, make timely application for license renewal, and meet the Commission's continuing education requirements. Application for waiver or postponement shall be made in writing to the Commission and shall be received by the Commission no later than 60 days prior to the biennial license renewal date. 8.5.1 The purpose of the advertising rules is to protect the general public and to prohibit misrepresentation and false, misleading, untrue or deceptive advertising practices by Licensees. Find Delaware Real Estate lawyers, attorneys, law firms - DE Real Estate Lawyers Internet Explorer 11 is no longer supported. Â§803, 15.1.20 Burglary in the second degree; class D felony. Estate Closure A. There are many other statutes regulating real estate law but the aforementioned are the main pieces of legislation to consider. Â§2914. 11 Del.C. Â§2907]. License law and rules and regulations are available on the Real Estate Commission’s website at . Â§613. 11 Del.C. 2.3 Has submitted the licensure application within 12 months of completing the Salesperson pre-licensing course. ", 188.8.131.52 With respect to agent for buyer: "This Broker, and any Associate Broker or Salesperson working for this Broker, is representing the buyer's interests and has fiduciary responsibilities to the buyer, but is obligated to treat all parties with honesty. 15.1.7 Murder by abuse or neglect in the first degree; class A felony. 15.1.86 Financial exploitation of infirm adult; felony. 1.3 Broker's Responsibilities [24 Del.C. 184.108.40.206 Twenty-one (21) hours of continuing education are required more than eighteen months but less than twenty-four months after course completion, in compliance with the requirements of Rule 13.1.1. 11 Del.C. 11 Del.C. 1.3.2 Each office location shall be under the direction of a Broker, who shall provide complete and adequate supervision of that office. Â§2301(a)(3): "every person engaged in the business of crying sales of real or personal property on behalf of others for profit.". The required twelve hours shall consist of four different modules, as set forth in Rule 13.1.1. 13.3 At the time of renewal, the Licensee shall attest to completion of the required CE. 15.1.60 Sexual offenders; prohibitions from school zones. 15.1.16 Dangerous crime against a child; class B felony. Â§903A, 15.1.47 Deceptive business practices. 16 Del.C. 5.0 Requirements for Obtaining a Reciprocal License [24 Del.C. The primary objective of the Delaware Real Estate Commission is to protect the public from unsafe practices and practices which tend to reduce competition or fix prices for services. Â§1504, 15.1.74 Abuse of patient or resident in nursing home; Class D felony; Class G felony; Class A felony. Delaware Real Estate Commission - The Commission is responsible for issuing licenses to real estate brokers and oversees professional conduct by developing standards, rules, and regulations and administering complaints against licensees. 11 Del.C. The Commission must also maintain standards of professional competence and service delivery. 2.2 Has passed in no more than 3 attempts, both the general and State portions of the Salesperson real estate examination, through the approved professional testing service. 15.1.58 Unlawfully dealing in child pornography; class D felony. Â§832, 15.1.24 Carjacking in the second degree. Delaware Real Estate Commission - The Commission is responsible for issuing licenses to real estate brokers and oversees professional conduct by developing standards, rules, and regulations and administering complaints against licensees. Around for a Real estate attorney can explain how Delaware easement law impacts your situation and will you. The Possession of a pregnant female in the first degree ; class D felony to licensing of Real Brokers... 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