Annotate Legal Delaware Real Estate Forms For Free

The passing rate for the Delaware Real Estate Salesperson Exam is 70%. This test is purposefully difficult, but not impossible. Be sure to pay attention during your pre-license course and take studying seriously. If you put the proper effort forth, we know that you can pass on your first attempt!

Recording a deed establishes your ownership interest over another's claim of ownership should there be conflicting claims against the property. Each state has its own recording statute that gives priority to those who record their interest in real property over those who don't.

You may apply for a Salesperson license by examination, reciprocity, or additional Delaware license. Apply by reciprocity if you hold a current, active real estate license in another jurisdiction (state, U.S. territory or District of Columbia).

1. How much does it cost to get your real estate license in Delaware? Average Course Tuition$800-$1,100Background Check and Fingerprinting$52Application Fee$131Total$1,000-$1,300

Typically, it takes roughly 10 to 14 days for the title search. It will rarely ever extend past the normal two-week period. However, some key factors play a role in this. This involves the title professional who works at the title company to undertake a detailed inspection and search.

First-time buyers in Delaware typically qualify for state-level exemptions. For example, Delaware first-time buyers automatically qualify for a state transfer tax exemption on a purchase price up to $400,000. First-time buyers purchasing property worth more than $400,000 will pay 1.25% of the amount above $400,000.