100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Delaware Real Estate Exam Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) $12.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. Delaware Real Estate
  4.  
  5. Delaware Real Estate

Exam (elaborations)

Delaware Real Estate Exam Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers)
 0 purchase
  • Course
  • Delaware Real Estate
  • Institution
  • Delaware Real Estate

Delaware Real Estate Exam Newest 2024 Questions and Answers Latest (2024 / 2025) (Verified Answers) Most residential real estate transfers require the seller to provide the buyer with this Answer Seller's Disclosure of Real Property Condition Report 2. Piper contracted with Alex to sell her Dove...

[Show more]

Preview 4 out of 49  pages

Document information

  • November 1, 2024
  • 49
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • Delaware Real Estate
  • Delaware Real Estate

Seller

avatar-seller
NurseFerian

Reviews received

Content preview

Real Estate Exam Delaware.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Real%20Estate%




Delaware Real Estate Exam

Questions & Answer


1. Most residential real estate transfers require the seller to provide the buyer

with this

Answer Seller's Disclosure of Real Property Condition Report



2. Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex

breaches the sales contract, how long does Piper have to sue Alex for breachof

contract?

Eight years

Four years

Answer Three years



3. Which of the following statements accurately describes the written lease

requirements in Delaware?








1 of 49 10/30/2024, 10:03

,Real Estate Exam Delaware.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Real%20Estate%




Lease agreements always have to be written.

Lease agreements don't have to be written.

Lease agreements for 120 or more days must be written.

Lease agreements for more than one year must be written.

Answer Lease agreementsfor more than one year must be written.



4. Sondra, a buyer, signs all the required mortgage documentation, promisingto

make all payments to her lender. Unfortunately, Sondra falls on hard timesand

misses multiple payments, and the bank indicates that it's going to foreclose on

her.The foreclosure proceedings are more difficult for the lenderbecause

Sondra holds the title to the land.What kind of state does Sondra livein?



A deed of trust theory state

A lien theory state

An intermediary theory state

A title theory state

Answer A lien theory state



5. Which form would the seller (who is the property developer) use to make





2 of 49 10/30/2024, 10:03

,Real Estate Exam Delaware.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Real%20Estate%




legally required disclosures for a newly constructed home in a Delaware

subdivision?



Developer's Real Property Condition Report

Seller's Real Property Condition Report

Seller's Real Property Condition Report and Radon Disclosure - Exempt Prop-

erty Certification

Seller's Real Property Condition Report - New Construction Only

Answer Seller's RealProperty Condition Report - New Construction Only



6. Which of the following provisions of the Delaware residential sales contract

states that the sellers bear responsibility for any loss in value or damage to the

house prior to closing?









3 of 49 10/30/2024, 10:03

,Real Estate Exam Delaware.pdf file:///C:/Users/HP/Desktop/New%20folder%20(2)/Real%20Estate%




Homeowners Warranty

Loss of Value

Notice to Sellers

Risk of Loss

Answer Risk of Loss



7. Which of the following is a true statement about general exemptions in

Delaware?



Charitable and religious property are typically county-specific exemptions.

Counties may offer county-specific exemptions, such as for cemeteries.

Farmland is typically exempt statewide.

Governmental and educational property are typically county-specific exemp-

tions.

Answer Counties may offer county-specific exemptions, such as for cemeteries.



8. Delaware's statutory agency is different from common law agency becauseit

.





4 of 49 10/30/2024, 10:03

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NurseFerian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67479 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling
$12.99
  • (0)
Add to cart
Added