24 Del. Admin. Code § 2900-4.0

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

Section 2900-4.0 - Requirements for Obtaining a Broker's License [24 Del.C. Section 2907]

4.1 The Commission shall consider the application for a Broker license provided the applicant meets all of the requirements of 24 Del.C. § 2907(d), Section 3.0, and:

4.1.1 Submits evidence that the applicant has been actively engaged in the practice of Real Estate Services, either as a licensed Salesperson or licensed Associate Broker for 3 years immediately preceding application.

4.1.2 Applies for a Real Estate Office Permit along with the fees as set forth in 24 Del.C. § 2907(g).

4.2 An application shall include evidence to support that the Broker applicant has complied with, and will continue to comply with, the Escrow Account provisions set forth in 24 Del.C. § 2923(a) and Section 6.0.

4.3 The Broker shall attest that the Broker is responsible for the day to day management and supervision of the office, as set forth in 24 Del.C. § 2907(d).

4.4 If applying to be a replacement Broker for an established real estate office, the Broker shall submit with the application a letter signed by the current Broker naming the applicant as the replacement Broker. If the replacement Broker cannot supply a letter signed by the current Broker, the replacement Broker shall submit a letter of explanation.

24 Del. Admin. Code § 2900-4.0

5 DE Reg. 1387 (01/01/02)
15 DE Reg. 1185 (02/01/12)
24 DE Reg. 493 (11/1/2020) (Final)