If a licensee's license is revoked, under what conditions may the former licensee be issued another license? 4.4.1.4.2 One of the following methods must be utilized to assure student compliance and engagement: 4.4.1.4.2.1 Screenshots taken at unannounced times to view each participant. Failure to complete the required periodic ethics training is considered a violation, resulting in suspension of membership until training is completed. Applications are available from the Division of Professional Regulation via the website. Click below for a list of online interactive course that teaches you everything you'll need to take the real estate licensing exam, using real-life, inquiry-based scenarios. 5.14.1.3 An individual knowledgeable in performing real estate business mathematics. Laws, c. 85, 15. You can purchase your 99-Hour Delaware Real Estate Pre-Licensing package from The CE Shop. 4.4.1.2.3 The instructor will admit each student from the waiting room, one-by-one, and verify their identity by driver's license or other acceptable picture identification. 12.3.2 A notice shall be sent to the Instructor to notifying them of the Negative Evaluation and the date of the Education Committee meeting in the event the Instructor would choose submit correspondence to the Committee to be considered at the meeting and/or attend the meeting. We are committed to providing our members with the most up-to-date and relevant resources available in our industry to ensure they are always ahead of the game. 5.14.4 Because there is some overlapping of material among the three major topics, it is desirable, where appropriate, that the course coordinator schedule a meeting of the instructors prior to orientation to: (1) coordinate the presentation of material, and (2) decide who will give major emphasis to specific topics. 2023 Delaware Association of REALTORS. 4.4.1.12 Appropriate attire is required. Click, Request for Termination of License by Releasing Broker, If you are a Broker terminating an affiliation with licensee, you must use the. to download the Code of Ethics 021 Code of Ethics and Standards of Practice of the National Association of REALTORS. 5.9 Orientation - One three (3) hour session consisting of: 5.9.1 Real estate Sales Pre-Licensing Course requirements. State Regulations April 27, 2023 Public Policy Committee. Privacy Policy zipForms users can purchase a subscription directly in their accounts. . Voting & Elections 10.3.3 Possession of a valid teaching credential or certificate issued in the State of Delaware (or any State with qualifications that are equal to, or that exceed the qualification standards of the State of Delaware), and/or five (5) years of teaching experience in an accredited public, private, or parochial school; and/or five (5) years teaching experience in an accredited junior college, college or university. Find out why we are the top choice for industry leading brands. Public Meetings adjudicates complaints against professionals and, when necessary, imposes disciplinary sanctions. Self-monitoring is not permitted. 12.3 When a Negative Instructor Evaluation is received by the Education Committee, the following shall occur: 12.3.1 After an initial review by Administrative Staff, it will be placed on the next scheduled Education Committee meeting agenda. Delaware Marketplace 3.4.3 After this review, the Education Committee shall recommend that an application be approved, disapproved or approved with modifications by the Commission. This optional math pretest shall be equivalent to the final test given at the conclusion of the math section in content and length. Delaware licensees must each pay a $25 fee to be deposited into the guaranty fund. (b) Before taking office, each appointee to the Commission shall take the oath required by Article I, Section 9 of the Maryland Constitution. Translations, audio clips, and summaries are available. Business First Steps, Phone Directory 4.4.1.2.2 A waiting room will be utilized so that no one can enter the class that is not registered. 5.12 Real Estate Mathematics 24 Total hours with sessions consisting of: 5.12.1 Basic mathematics review as deemed necessary by the instructor (3) hours, 5.12.2 The relationship between list price, sales price, commission rate, amount of commission (3) hours, 5.12.3 Computation of PITI monthly mortgage payment and qualifying a buyer for that payment; computation of simple interest and the amortization of a mortgage loan; computation of discount points; computation of PMI (6) hours, 5.12.4 The relationship between assessed value, tax rate and the amount of taxes; computation of transfer tax; proration of mortgage interest and property tax, etc. The evaluation summary report form shall be signed by any instructors who participated in the delivery of the course thus indicating each has had the opportunity to review the evaluation result. 4.4.1.8.1 The Student Evaluation Form must be sent to each student electronically for the student to complete within 24 hours after the end of class. The Commissions decision on a request for reconsideration is final and not subject to further review. Wed love to hear from you. Fill out one of the packets below, and email us a completed PDF (to mary@scaor.com) or fax the packet to 302-855-2319. 6.9.1 The following three individuals, each of whom shall have at least five years experience in their area of expertise, are required for instruction of the course: 6.9.1.1 A Delaware attorney who has been practicing in the area of Delaware real estate law or real estate transactions; 6.9.1.2 A practicing Delaware broker or Delaware associate broker; and. Fraud is defined as specific material misrepresentation of the facts of a loss; buildup is defined as the inflation of an otherwise legitimate claim. 6.1.1 To protect the public by increasing the knowledge and professionalism of brokers. The Commission meets the second Thursday of each month at 9:00 a.m. All meetings are open to the general public and are held in the Cannon Building, 861 Silver Lake Boulevard, in Dover. Instructor attendance is not mandatory. Any Commission decision pursuant to this Section shall be subject to a written request for reconsideration. Courses cannot be automatically renewed. The course sponsor or provider shall determine whether students may use electronic devices during the course. Select the option for Submit Additional Documentation. 4.4.1 Various platforms may be used for delivery of synchronous learning (including but not limited to Zoom, GoTo Meeting and Adobe Connect). Social Media, Built by the Government Information Center To meet these objectives, the Commission. This is a one-time credit per Module taught per licensure period. (b) The Commission shall consist of 9 members appointed by the Governor: 5 professional members, 3 of whom shall be licensed brokers, 1 associate broker, and 1 salesperson; and 4 public members. 12.4.2 The instructor may be requested to attend the next Education Committee meeting. Important: The Delaware Real Estate Commission has implemented changes pertaining to new education course requirements for new Salesperson licensees, effective May 1, 2022. 35 Del. Transparency This is a one-time fee unless the fund balance falls below $250,000, at which point an assessment will be required. (f) A member of the Commission shall be suspended or removed by the Governor for misfeasance, nonfeasance, malfeasance, misconduct, incompetence or neglect of duty or for unprofessional or dishonorable conduct. 6.9.2 When a specialized topic is presented, it is encouraged that a specialist be used for that particular session, e.g., an environmentalist to cover environmental concerns including soil analysis, septic systems, etc. E-mail / Text Alerts 3.3.1 Each appointment shall be for three (3) full years. The Real Brokerage has announced its expansion into Delaware, bringing its presence throughout the Eastern Seaboard.Real estate broker Ray Petkevis has been named the principal broker in Delaware. 9.14 Members of the Real Estate Commission, Education Committee or Division of Professional regulation staff shall have the right to audit any approved course without notice. Education. The primary objective of the Delaware Real Estate Commission (DREC) is to protect the public from practices that are unsafe and which tend to reduce competition or fix prices for services. Both the provider and the student must certify in writing that the student has successfully completed the course. The Commissions decision on a request for reconsideration is final and not subject to further review. Personal Income Tax We no longer accept paper applications. 5.14.2.1 No more than 10 hours of the 99 hour course may be taught by a specialist; and. After obtaining at least 60 positive course evaluations, the instructor may apply to teach additional modules. 12.6.6 An Instructor may re-apply for teaching approval immediately following the expiration of the revocation period. The general public appoints the four other commission members and these become the public members. 5.9.4 School or distance education program shall offer a math pretest for those students who wish to exempt themselves from the math portion of this course. 7.4 Programs shall be a minimum of three (3) hours and delivered in three (3) hour increments. Delaware State Code State Regulations 5.7 The presentation which follows includes topics to be covered and the number of hours to be devoted to each. Through education, the licensee shall be reasonably current in real estate knowledge and shall have improved ability to provide greater protection and service to the real estate consumer, thereby supporting the Delaware Real Estate Commission's primary objective of protection of the public. 9.13 Prelicensing schools will also furnish each student with current information regarding the prelicensing examination to include the "Real Estate Candidate Handbook" which is available to prelicensing schools through the testing service for this purpose. are already an existing user, log in with your email address and password under the existing user section. Being absent from a session will not relieve a student of the responsibility for the material covered. 4.4.1.4.1 There will be a class monitor assigned for every 25 students or portion thereof, and the monitor will assure that each student on camera is in compliance with all Guidelines. Paperwork processing takes 3-5 business days. More Info. Weather & Travel, Contact Us The content of the pretest shall cover each of the topics covered in the course. 6.9.3 Except for a mathematics instructor, prior to making application, an applicant for approval to teach pre-licensing must have obtained at least 60 positive instructor evaluations within the 5 years immediately preceding application. 4.3.1.8 The course provider must give students instructions on how they can electronically submit a course evaluation. For pricing details, refer to membership dues below in All Available Membership Forms. 12.6.3 The recommendation shall be presented to the Real Estate Commission at the next scheduled meeting. The Commission recommends that the CE Course Approval service request is submitted at least 60 days before the anticipated date of the course. 6.1.5 To prepare the Delaware real estate sales agent to successfully complete the Delaware real estate brokers licensing examination. 4.4.1.11.1 All time off camera or while logged off will be recorded. You're all set! 4.4.1.11.2 Students may not "step away" from the camera for any reason during the class. An application that is incomplete when filed may not be considered to have been filed. e. $51,100. $107,100. Voting & Elections 5.1.2 To provide the prospective licensee with a working knowledge of federal and state laws and regulations affecting the real estate profession. Meet any other requirements the commission sets. 6.3.4.2 Three Approaches of Real Property Valuation, 6.3.5.1 Overview of Government Loans, 6.3.5.2 Federal Housing Administration, 6.3.5.5 Government agencies & acts pertaining to real estate finance -- include Regulation A/Truth -in-Lending, 6.3.5.6 Anatomy of a mortgage to include special clauses, 6.3.5.8 Conditions & procedures involved in default & foreclosure, 6.3.5.9 Non-federal insured mortgages, IRBs, 6.3.5.11 Conventional mortgage - Fixed ARM, 6.3.5.13 Assistance in arranging financing. Submission of the Real Estate CE Course Approval to request approval of an organized educational activity intended to fulfill the requirements for obtaining and maintaining a real estate license in Delaware. 3.1.1 A public member shall not be, nor have been within the last five (5) years prior to the effective date of appointment, a real estate licensee. 23407 Park Ave, Georgetown, DE 19947, Committee/Board of Directors Appointments, First,you must first obtain your real estate license from the. Both licensees and CE course providers may request to have CE courses approved by the Real Estate Commission. 4.3.1.4 The course software must include automatic shutdown after a ten minute period of inactivity. 5.22.5 Chapters 1, 3, and 7, Title 25, Ownership, Delaware Code, 5.22.6 Chapter 21, Title 25, Mortgages on Real Estate, Delaware Code, 5.22.7 Chapter 22, Title 25, Unit Properties, Delaware Code and Chapter 81 Title 25 DUCIOA, 5.22.8 Chapter 27, Title 25, Mechanics Liens, Delaware Code, 5.22.9 Chapter 27, Subchapter II, Title 6, Statute of Frauds Delaware Code, 5.22.10 Chapters 29, 31, Title 25, Liens, Delaware Code, 5.22.11 Chapters 51-65, Title 25, Landlord Tenant Code, Delaware Code, 5.22.12 Chapter 67, Title 25, Agricultural Lease Act, Delaware Code, 5.22.13 Chapter 54, Title 30, Transfer Tax, Delaware Code, 5.22.14 Chapter 25, Subchapter VII, Title 6, Buyer Property Protection Act and Radon Disclosure, Delaware Code, 5.22.15 Delaware Real Estate Candidate Handbook - Testing Service.

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