24 Del. Admin. Code § 2900-5.0

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

Section 2900-5.0 - Requirements for Obtaining a Reciprocal License [24 Del.C. Section 2909]

5.1 In addition to meeting the requirements set forth in 29 Del.C. § 2909(b), a Salesperson applicant who is seeking licensure pursuant to §2909(b)(1) shall provide a list of at least twenty sale or lease transactions completed by the applicant in a licensed capacity within the 3 years immediately preceding application. Upon approval of the Commission, the twenty transactions may include real estate services performed for an employer, while licensed, during the 3 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.

5.1.1 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.

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

5.2 In addition to meeting the requirements set forth in 29 Del.C. § 2909(c), an Associate Broker applicant shall provide 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.

5.2.1 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 a designated agent subordinate and be signed by the applicant.

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

5.3 In addition to meeting the requirements set forth in 29 Del.C. § 2909(d), a Broker applicant shall also meet the requirements of subsections 4.2 and 5.2.

24 Del. Admin. Code § 2900-5.0

5 DE Reg. 1070 (11/01/01)
4 DE Reg. 457 (09/01/00)
15 DE Reg. 1185 (02/01/12)
24 DE Reg. 493 (11/1/2020) (Final)