24 Del. Admin. Code § 2900-3.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 2900-3.0 - Requirements for Obtaining an Associate Broker's License [24 Del.C. Section 2907]

3.1 The Commission shall consider any Associate Broker applicant who meets the requirements of 24 Del.C. § 2907(c) and the requirements of this section:

3.1.1 Has been actively licensed in Delaware or another jurisdiction for 5 continuous years immediately preceding application. Licensure shall be considered continuous even where the license has been renewed late, as long as the late renewal occurs within 30 days of the expiration date.

3.1.2 Has successfully completed the accredited Broker pre-licensing course through an approved course provider as set forth in the Commission's Real Estate Education Guidelines. If the applicant is actively licensed as a Broker in another jurisdiction, Broker pre-licensing course hours completed in that jurisdiction may be used towards the course hour requirement.

3.1.3 Has passed in no more than 3 attempts, both the general and State portions of the Broker real estate examination through the approved professional testing service. An applicant shall retake the Broker pre-licensing course if the applicant is unable to pass the applicable portion or portions of the examination in 3 or less attempts.

3.1.4 Has applied for licensure within 12 months of completing the Broker pre-licensing course. Pre-licensing courses included in subsection 3.2.1 are exempt from this 12 month requirement. If the applicant does not submit the application within 12 months of completing the Broker pre-licensing course, the applicant shall submit proof of completion of continuing education, pro-rated pursuant to the pro-ration requirements of subsection 14.3.

3.2 The licensure application shall be complete and include the following:

3.2.1 A copy of the original school certificate or certificates provided at course completion by the approved course provider or providers.

3.2.2 If the applicant is currently licensed in another jurisdiction, or has ever been licensed in another jurisdiction, licensure history provided by each licensing jurisdiction dated within 30 days of the application.

3.2.3 Written acceptance by a sponsoring Broker.

3.2.4 A list of at least thirty sale or lease transactions completed by the applicant in a licensed capacity within the 5 years immediately preceding application. Upon approval of the Commission, the thirty transactions may include real estate services performed for an employer, while licensed, during the 5 years immediately preceding application. If the applicant, as a designated agent or team leader, has directly supervised licensees who completed the transactions, then the transactions completed by those supervised licensees may be a part of this list. The list of transactions shall be signed by the Broker or Brokers who supervised the transactions.

3.2.4.1 The list shall contain the sale or lease completion date, property address, purchaser/lessee name, seller/lessor name, specify if completed by the applicant or designated agent subordinates and be signed by the applicant.

3.2.4.2 Time share and property management transactions are not considered as eligible sale or lease transactions.

3.3 Applications shall include the applicable fees as described in 24 Del.C. § 2907(g) as a financial prerequisite for licensure. The Guaranty Fund fee shall not be required if the applicant has already paid the fee when obtaining their Salesperson license.

24 Del. Admin. Code § 2900-3.0

4 DE Reg. 846 (11/01/00)
5 DE Reg. 1387 (01/01/02)
15 DE Reg. 1185 (02/01/12)
16 DE Reg. 99 (07/01/12)
24 DE Reg. 493 (11/1/2020) (Final)