How to Get a Real Estate License In Delaware
Real estate is a rewarding career path for those searching for a flexible job with huge potential growth. Residents in Delaware have discovered this career path and are now investing in real estate to generate unlimited income.
Aside from low property tax rates, Delaware is home to some of the most appealing oceanfront real estate areas, such as Rehoboth Beach. So this calls into question…
How do I get a real estate license in Delaware?
Delaware has fewer requirements for obtaining a real estate license. Check out the following prequalifications to determine whether or not you're eligible to obtain a real estate license in Delaware:
- Be over 18 years old and a legal U.S. resident.
With the prequalifications met, you can advance to the next stage.
Steps to Acquiring Your Real Estate License in Delaware
Step 1: Real Estate Prelicensing Course
As a first-time real estate applicant, you must complete 99 hours of prelicensing education before taking the course's final exam. You can choose to study your prelicensing course online or in person at an accredited real estate school in Delaware. The cost for this course ranges from $550-$799.
The following are topics this course will cover:
- Real estate practice.
- Financing and settlement.
- Licensing requirements.
- Real estate maths calculations.
- Real property characteristics.
- Licensing requirements.
- Roles of the Delaware Real Estate Commission.
- Real estate contracts and agencies.
- Property disclosure and environmental issues.
After completing this course, your education provider will test your brainpower with a final exam. This is to certify that you're well-versed in the basics of the real estate business. The exam won't be supervised, but that's not to say you can do the exam with books or notes. You will only have access to a typical calculator with minimal functions and scratch paper.
Step 2: Delaware Real Estate License Exam
Next, take the Delaware Real Estate Exam. The cost of applying for this test is $85 per attempt, and it must be paid using an electronic check, debit card, credit card, or voucher. Keep in mind that payments won't be tolerated at the exam center.
Since Pearson VUE is the official commission of the Delaware real estate exam, you must create an account on their website, which will direct you to the exam scheduling portal. Once approved, you'll sit for this exam on the date provided by the relevant commission. The exam is done on a computer and includes national and state questions.
The national section has 80 questions, and the pass mark is 56/80. The state section has 40 questions, and the pass mark is 28/40. Expect a scoring document immediately after finishing the test. This document indicates if you've passed or failed the test. If you've failed, you'll notice your document has a breakdown of your score in both exam sections. This will help you in your studies if you opt to redo the exam.
Test format: Multiple choice.
Time limit: 240 minutes.
Pass Mark: 70%.
Pass rate: 62%.
Requirements: 2 valid forms of ID with signatures.
Step 3: Real Estate License Application
To apply for your Delaware real estate license, you should first create a DELPROS account. After that, pay the $131 license application fee. You also need to attach the relevant documents during your application. If your form requires a signature or seal, send it directly to the Board office to be scanned and attached to your license record.
Here are other supporting documents needed to complete your license application:
- A copy of your 99-hour prelicensing course certificate.
- The score report you received after finishing your Delaware real estate exam.
After submitting all your documents, wait for your license to be issued between 3-5 business days. Once you receive your license, that's not the end. Delaware stipulates that all licensees must be associated with an active sponsoring broker in Delaware. That means you must look for a broker with a positive reputation to lift you as you try your luck in this competitive business.
How Much Does it Cost to Get a Real Estate License in Delaware?
Here is a breakdown of the total cost of acquiring a Delaware real estate license:
- Prelicensing education: $799-$965.
- All Fees included: $241.
Total cost is roughly $1,040-$1,206.
How Long Does it Take to Obtain a Real Estate License in Delaware?
On average, you can take 3 to 6 months to get your Delaware real estate license. You'll spend most of your time in the prelicensing course and test preparation. However, serious applicants who dedicate a full-time schedule to this licensure application procedure can take two months to complete.
If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!
If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.
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