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Delaware Real Estate Exam Questions and Answers.
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Delaware Real Estate Exam Questions and Answers.
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Delaware Real Estate Exam Questionsand Answers
3 .years .- .(correct .answer) .-
How .many .years .does .a .member .of .the .DE .real .estate .commission .serve?
Conducting .Audits .- .(correct .answer) .-Name .something .the .DE .Commission .has .the .power .to .do
9 .- .(correct .answer) .-How .many .members .are .appointed .to .the .Delaware .Real .Estate .Commission?
The .governor .- .(correct .answer) .-Who .appoints .members .to .the .Delaware .Real .Estate .Commission?
1 .- .(correct .answer) .-
How .many .escrow .accounts .are .brokers .required .to .maintain .in .the .firm's .name .at .a .federally .insur
ed .financial .institution .with .offices .in .Delaware?
CMA .- .(correct .answer) .-
What .service .are .all .real .estate .licensees .permitted .to .perform .for .clients .to .assess .a .property's .valu
e?
At .least .10 .feet .from .the .edge .of .a .public .road .- .(correct .answer) .-
In .Delaware, .which .of .these .is .a .legal .spot .to .place .a .sign .advertising .one .of .your .listings?
3 .years .- .(correct .answer) .-How .long .does .a .brokerage .have .to .retain .escrow .accounting .for?
Immediately .after .the .estimated .price .- .(correct .answer) .-
Where .must .the .disclosure .pertaining .to .CMAs .that .begins, ."Notwithstanding .any .language .to .the .c
ontrary .contained .herein, .this .Competitive .Market .Analysis .is .NOT .an .appraisal ...." .be .listed .on .the .
CMA?
Broker .- .(correct .answer) .-Katy's .in .charge .of .all .the .real .estate .activities .at .Katy-
Did .Realty .in .Delaware. .What .license .does .she .hold?
Easement .- .(correct .answer) .-
What .is .it .called .when .one .party .has .the .right .to .use .land .owned .by .another .party .for .a .special .pur
pose?
, Voluntary .- .(correct .answer) .-
Hope's .mortgage .created .a .lien .against .the .property .she .purchased .with .the .mortgage. .What .kind .o
f .lien .is .this?
The .dominant .estate .owner .takes .action .that .shows .a .clear .intent .to .stop .using .the .easement. .- .
(correct .answer) .-What .must .happen .for .an .easement .to .be .terminated .due .to .abandonment?
Easement, .encroachment, .Lien .- .(correct .answer) .-Name .3 .types .of .encumbrances
encroachment .- .(correct .answer) .-
Justin .decided .to .build .a .privacy .fence .around .his .yard. .He .thought .the .fence .was .along .the .propert
y .line, .but .it .turns .out .he .built .it .one .foot .inside .his .neighbor's .property. .What .will .an .inspector .doc
ument .as .existing .on .the .neighboring .property?
An .agreement .between .two .lien .holders .to .modify .the .order .of .lien .priority .- .(correct .answer) .-
What's .a .subordination .agreement
They .could .trigger .a .foreclosure .- .(correct .answer) .-
What .would .happen .if .you .bought .a .house .and .later .found .out .that .there .were .unpaid .liens .against
.the .property?
Servient .estate .- .(correct .answer) .-
An .easement .dictates .that .property .owner .A .gives .the .right .to .property .owner .B .to .use .a .portion .o
f .the .property. .Which .term .describes .property .A?
Prescriptive .easement .- .(correct .answer) .-
Which .type .of .easement .is .acquired .through .years .of .use, .with .one .person .acquiring .the .permanent
.right .to .use .another's .property .by .doing .so .for .an .extended .period .of .time?
Easement .by .necessity .- .(correct .answer) .-Without .this .easement—usually .involving .access .to .a .road
—the .owner .requiring .the .right .of .passage .would .be .landlocked.
Everything .that's .not .real .property .- .(correct .answer) .-
What's .the .best .definition .of .personal .property?
Method .of .annexation, .agreement .of .parties, .relationship .of .parties .- .(correct .answer) .-
What .are .three .of .the .five .basics .tests .that .courts .use .to .determine .whether .an .item .is .a .fixture .or .
personal .property?
Uniqueness .- .(correct .answer) .-
Which .physical .characteristic .of .land .addresses .the .concept .that .land .isn't .interchangeable .and .one .
piece .of .land .isn't .exactly .like .another?
Land, .plus .all .things .permanently .attached .to .it .naturally .or .artificially .- .(correct .answer) .-
Definition .of .real .estate
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