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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 $85.00.
After passing the real estate exams the applicant for the real estate salesperson
license needs to apply to the Delaware Real Estate Commission and pay a non-refundable
processing fee of up to $54 (prorated). In addition, the applicant needs to submit
an affidavit stating he/she has not engaged in any acts or offenses that would
be grounds for discipline.
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 $104 (prorated).
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 $48.00 (prorated) and for a nonresident real
estate broker license is $94.00 (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.
This portion of our website has been created for information purposes
only. It is our belief that all information presented here is accurate
as of today, however each state is constantly striving to protect
the public and provide more quality service to those using the services
of a Real Estate Agent. Change in Real Estate laws and regulations
is inevitable. The information presented here should be considered
a starting point and we encourage everyone to fully research any
information you are seeking.
To further assist you, we have included links to each state's
real estate licensing office, and also to the state's local Association
of Realtors site that provides current information on proposed real
estate license regulations in that area.
If you do find an error or have updated information, please contact
us and we will update our information accordingly.
