Delaware​ Out of State Broker Cooperation- Delaware prohibits performance of licensed services within the State without a license (although case law seems unclear and contradictory).
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Delaware Real Estate ReciprocityAny State with Restrictions
1. Five continuous years of Active Broker experience 2. Be an Active Broker for the past 3 years 3. Pass the Delaware state exam if you don't have (#1 & #2) Confirmed by Delaware Division of Professional Regulation |
Specific to Delaware Real Estate- |
Delaware Reverse ReciprocityThese states specifically mention Delaware in their Reciprocity: Nevada (Salesperson Only) These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kansas, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennessee, Vermont, Washington |
Delaware Real Estate Links |
Delaware Real Estate Customs
Attorneys handle closings.
Although quitclaim and general warranty deeds are sometimes used, most conveyances are by special warranty deeds. Mortgages are the security instruments.
ALTA policies and endorsements are prevalent.
Buyers pay closing costs and the owner’s title insurance premiums. Buyers and sellers share the state transfer tax.
Property taxes are on an annual basis and vary by county.
Although quitclaim and general warranty deeds are sometimes used, most conveyances are by special warranty deeds. Mortgages are the security instruments.
ALTA policies and endorsements are prevalent.
Buyers pay closing costs and the owner’s title insurance premiums. Buyers and sellers share the state transfer tax.
Property taxes are on an annual basis and vary by county.
