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Mortgage News Daily combines the expertise of some of the housing industry's leading minds with the power of social media to offer an always lively, constantly evolving web community. MND communicates breaking news, streams video, and provides expert opinion and commentary to a community of interested market professionals and curious consumers.Become A Real Estate Agent In Delaware
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Delaware or anyone looking to become a real estate agent or realtor in Delaware. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The Delaware Department of State, Division of Professional Regulation, Real Estate
Commission handles the licensing of real estate professionals in the state.
Their office is in Dover, Delaware.
There are four main
requirements to become a real estate salesperson in Delaware. The
prelicensing education classes include successfully completing 99 hours of approved
courses. The prelicensing real
estate schools are located throughout the state. Applicants for an agent
license must pass the two-part standardized salesperson licensing real estate exams. These
exams are administered by a professional testing service, and the examination fee is
$69.00, plus a $25 guaranty fund. License renewal fees are assessed at the time of
the renewal.
The requirements
to become a real estate broker in Delaware include having practiced real estate as a
licensee for five continuous years immediately prior to applying for the current license.
The applicant needs to have accrued at least 30 qualified sales transactions within the
past five years.
The applicant for a real estate broker license in Delaware needs to complete 99 hours
of specific Delaware real estate courses from Delaware
real estate
schools approved for prelicensing brokers.
Applicants for the real estate broker license must pass the two-part standardized
broker licensing real estate exams that are administered by a professional testing
service, and pay the $85 examination fee.
After passing the real estate exams the applicant for the broker license needs to apply
to the Delaware Real Estate Commission and pay a non-refundable processing fee
of up to $134 (prorated). License renewal fees are assessed at the time of the renewal.
In addition, the applicant for the real estate broker license needs to submit an
affidavit stating he/she has not engaged in any acts or offenses that would be grounds for
discipline, provide a current personal credit report from a major credit reporting bureau,
and a certified, detailed list of at least 30 real estate sales transactions made within
the last five years.
A real estate agent license in Delaware can be issued to a non-resident who is
currently licensed and practicing within another state. These applicants usually do not
need further Delaware real estate education but do need to take the Delaware state law
portion of the real estate exams. The fee for a nonresident real estate salesperson
license is $134.00 (prorated) and for a nonresident real estate broker license is $266.00
(prorated), plus a $25.00 Guaranty Fund fee.
Nonresident
applicants for a real estate broker license also need to provide a current,
original credit report from a major credit reporting bureau and a certified, detailed list
of 30 sales transactions made within the last five years. In Delaware, the terms
'nonresident' and 'resident' refer to the principal business location, not the applicant's
personal residence.
To renew a real
estate license the agent needs 15 specific credit hours of real estate continuing
education courses. Licenses are renewed biennially, and resident licenses
expire on April 30th of the even year and nonresident licenses expire on April 30th of the
odd year. Approved real estate schools for continuing education are located throughout the
state.
Real estate careers are strengthened by membership in the many organizations that
provide services for the industry. The professional holding a real estate license joins
with organizations like the Delaware Association of Realtors, the National Association of
Real Estate Brokers (NAREB), and the Association of
Real Estate License Law Officials (ARELLO). The National
Association of Realtors (NAR), the world's largest
professional association, helps locate real estate jobs in Delaware for those interested.
Delaware Real Estate Forms
|
Delaware Reciprocity States
|
- Most real estate forms can be obtained online. Ones listed below
pertain to new salespersons and brokers
- *Applications for licenses are distributed through the testing service.
- Application
for Change of Resident or Nonresident License
- License
Status change form
|
N/A
(as of 2/23/2010)
|
Delaware Approved Real Estate Schools Prelicensing and Postlicensing
Education
|
Community Colleges
N/A |
Private Schools
Academy of Real Estate (Wilmington)
Delaware School of Real Estate (Hockessin)
Kent County Real Estate School (Dover)
Long & Foster Institute of Real Estate (Various)
New Castle County Board of Realtors (Wilmington)
Omega Real Estate School (Newark)
The Frederick Academy of Real Estate (Bethany Beach)
|
Last Update: 3/1/2010
This list may not include all approved schools. Please visit the Real
Estate Commission website for the latest list of approved real estate
schools. .. |
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Become A Real Estate Agent In Delaware
Article Summary: This article will help anyone looking for information pertaining to a real estate license in the state of Delaware or anyone looking to become a real estate agent or realtor in Delaware. Contents of this article may include information on real estate education, schools, training courses, continuing education, tests and exams, laws, license requirements, renewal information, forms and more..
The Delaware Department of State, Division of Professional Regulation, Real Estate
Commission handles the licensing of real estate professionals in the state.
Their office is in Dover, Delaware.
There are four main
requirements to become a real estate salesperson in Delaware. The
prelicensing education classes include successfully completing 99 hours of approved
courses. The prelicensing real
estate schools are located throughout the state. Applicants for an agent
license must pass the two-part standardized salesperson licensing real estate exams. These
exams are administered by a professional testing service, and the examination fee is
$69.00, plus a $25 guaranty fund. License renewal fees are assessed at the time of
the renewal.
The requirements
to become a real estate broker in Delaware include having practiced real estate as a
licensee for five continuous years immediately prior to applying for the current license.
The applicant needs to have accrued at least 30 qualified sales transactions within the
past five years.
The applicant for a real estate broker license in Delaware needs to complete 99 hours
of specific Delaware real estate courses from Delaware
real estate
schools approved for prelicensing brokers.
Applicants for the real estate broker license must pass the two-part standardized
broker licensing real estate exams that are administered by a professional testing
service, and pay the $85 examination fee.
After passing the real estate exams the applicant for the broker license needs to apply
to the Delaware Real Estate Commission and pay a non-refundable processing fee
of up to $134 (prorated). License renewal fees are assessed at the time of the renewal.
In addition, the applicant for the real estate broker license needs to submit an
affidavit stating he/she has not engaged in any acts or offenses that would be grounds for
discipline, provide a current personal credit report from a major credit reporting bureau,
and a certified, detailed list of at least 30 real estate sales transactions made within
the last five years.
A real estate agent license in Delaware can be issued to a non-resident who is
currently licensed and practicing within another state. These applicants usually do not
need further Delaware real estate education but do need to take the Delaware state law
portion of the real estate exams. The fee for a nonresident real estate salesperson
license is $134.00 (prorated) and for a nonresident real estate broker license is $266.00
(prorated), plus a $25.00 Guaranty Fund fee.
Nonresident
applicants for a real estate broker license also need to provide a current,
original credit report from a major credit reporting bureau and a certified, detailed list
of 30 sales transactions made within the last five years. In Delaware, the terms
'nonresident' and 'resident' refer to the principal business location, not the applicant's
personal residence.
To renew a real
estate license the agent needs 15 specific credit hours of real estate continuing
education courses. Licenses are renewed biennially, and resident licenses
expire on April 30th of the even year and nonresident licenses expire on April 30th of the
odd year. Approved real estate schools for continuing education are located throughout the
state.
Real estate careers are strengthened by membership in the many organizations that
provide services for the industry. The professional holding a real estate license joins
with organizations like the Delaware Association of Realtors, the National Association of
Real Estate Brokers (NAREB), and the Association of
Real Estate License Law Officials (ARELLO). The National
Association of Realtors (NAR), the world's largest
professional association, helps locate real estate jobs in Delaware for those interested.
Delaware Real Estate Forms
|
Delaware Reciprocity States
|
- Most real estate forms can be obtained online. Ones listed below
pertain to new salespersons and brokers
- *Applications for licenses are distributed through the testing service.
- Application
for Change of Resident or Nonresident License
- License
Status change form
|
N/A
(as of 2/23/2010)
|
Delaware Approved Real Estate Schools Prelicensing and Postlicensing
Education
|
Community Colleges
N/A |
Private Schools
Academy of Real Estate (Wilmington)
Delaware School of Real Estate (Hockessin)
Kent County Real Estate School (Dover)
Long & Foster Institute of Real Estate (Various)
New Castle County Board of Realtors (Wilmington)
Omega Real Estate School (Newark)
The Frederick Academy of Real Estate (Bethany Beach)
|
Last Update: 3/1/2010
This list may not include all approved schools. Please visit the Real
Estate Commission website for the latest list of approved real estate
schools. .. |
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