State Exam wrong anwers
What's NOT true about seller disclosure of radon hazards in Delaware? a) All real property sales in Delaware require radon disclosure; there are no exemptions. b) Disclosure is made whether there's a known hazard on the property or not. c) Disclosure requires two forms, one of which must be signed by both the buyer and seller. d) The seller must provide any existing radon testing or inspection reports.
All real property sales in Delaware require radon disclosure; there are no exemptions.
Buyer Darrin believes his real estate agent talked him into paying too much for the condo he bought. He's angry and wants to file a complaint against the agent. What should he do?
File a written complaint, with the licensee's name and details of the alleged license law violation, with the Delaware Division of Professional Regulation.
Which of the following is a true statement regarding Delaware's CIS? a) It allows consumers to opt out of dual agency or any agency representation. b) It must only be provided to seller clients. c) It's a contract between the consumer and the licensee. d) It's only required for commercial properties.
It allows consumers to opt out of dual agency or any agency representation.
The Delaware Real Estate Commission ordered payment from the Guaranty Fund to the Marsdens, who won an award from the court after their real estate broker Jack was found guilty of fraud. What is most likely to happen to Jack's license in this situation?
It may be suspended or revoked until Jack reimburses the fund in full, plus interest.
Delaware resident Andie pays her rent in cash every month. How long does her landlord, Jenna, have to provide her with a receipt for her rent payment?
Jenna must give her a receipt within 15 days.
You're selling your Delaware duplex to another investor, using an installment sales contract. How long can the contract remain executory?
No longer than six months
Which of these individuals would be denied protection under Delaware's fair housing laws? a) Debbie, whose offer to purchase a property was refused because she's an ardent feminist. b) Jim, whose offer to purchase a property was refused because he is Christian. c) Lakshmi, who was refused a rental unit because of her nationality. d) Roger, who was refused a rental unit because of his active military status.
Roger, who was refused a rental unit because of his active military status.
Dierdre has agreed to represent Toby, who is selling several acres of fenced pasture that he leases to a dairy farmer. The farmer keeps a few of his cows there most of the year. Why does this matter to Dierdre?
She'll need to make sure the purchase contract includes disclosure of the lease, its terms, and state law regarding renewal of the lease.
What entity is responsible for enforcing fair housing law in Delaware?
State Human Relations Commission
