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Practice Of Real EstateLicense TransferEASY

When a Delaware licensee changes their sponsoring broker, they must:

Correct Answer

B) Notify the Delaware Real Estate Commission and complete a license transfer

In Delaware, when a licensee changes their sponsoring broker, they must notify the Delaware Real Estate Commission and complete the required license transfer process. The licensee may not practice real estate under the new broker until the transfer has been officially processed and approved by the Commission. No examination retake or waiting period is required, but the licensee must ensure their license is active and properly affiliated before conducting any real estate activities.

Answer Options
A
Retake the state licensing examination before practicing
B
Notify the Delaware Real Estate Commission and complete a license transfer
C
Wait 30 days before beginning work with the new broker
D
Complete additional continuing education hours before transferring

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Related Topics & Key Terms

Related Topics:

license activation and inactivitysponsoring broker responsibilitiesDelaware Real Estate Commission authoritylicense renewal requirements

Key Terms:

license transfersponsoring brokerDelaware Real Estate Commissioninactive licenseDivision of Professional Regulation
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