What is the max from Delaware Real Estate Guaranty Fund per transaction?
Question & Answer
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$10,000
$10,000 is too low and does not reflect the actual statutory cap established by Delaware's Real Estate Commission — this figure might be confused with older or other states' fund limits, but it is not Delaware's current maximum per transaction.
$25,000
$50,000
$50,000 exceeds Delaware's statutory cap and may be confused with the per-transaction limits of other states such as Pennsylvania or Maryland, which have different fund structures and higher maximums.
$100,000
$100,000 significantly overstates Delaware's fund cap and is more consistent with the limits found in larger states with higher transaction volumes and larger fund reserves, not Delaware's more modest program.
Why is this correct?
Delaware law sets the maximum recovery from the Real Estate Guaranty Fund at $25,000 per transaction, regardless of the actual damages suffered by the claimant, ensuring that the fund can serve multiple injured consumers over time without insolvency. This cap is established under Delaware's Real Estate Licensure Law and reflects the Commission's regulatory framework for consumer protection. A claimant must first obtain a court judgment against the licensee and demonstrate that the judgment is uncollectible before accessing the fund.
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