Property Management requirements in Delaware

Must Delaware property managers have a real estate broker's license?

YES. A broker's license is required for any person or company that, for compensation, sells or offers to sell, or buys or to offers to buy, or negotiates the purchase, sale, or exchange of real estate or leases or rents or offers for rent any real estate, or negotiates leases or rental agreements. A salesperson working under a broker may engage in such activities.

Must Delaware community association managers have a real estate broker's license?

NO. A broker's license is not required to manage community associations in Delaware.

Delaware Real Estate Broker Requirements

1. Experience as a real estate licensee for a continuous period of five (5) years immediately prior to applying for the license and experience in at least 30 qualified sales transactions within the past five (5) years.
   
   
2. Complete a 99 hour broker's course accredited by the Delaware Real Estate Commission.
   
   
3. Pass the two part standardized broker licensing examination which is administered by a professional testing service.
   
   
4. Submit the original application distributed by the testing service upon successful completion of the examination to the Commission within one year of the completion of the broker course.
   
   
5. Submit an affidavit that the applicant has not engaged in any acts or offenses that would be grounds for discipline pursuant to 24 Del. C., Chapter 29, 2907(a)(4).

General Information:

The Delaware Real Estate Commission normally meets monthly to review applications and conduct other business. Applicants are informed in writing as to the disposition of their applications within 7 to 10 business days.