DE Real Estate study plan

Define each agency relationship type (single, dual, designated, subagency, transaction broker) and state who represents whom in a Delaware transaction

Distinguish the duties owed by an agent to a client versus the duties owed to a customer, and map each duty to a concrete practice scenario

Trace how an agency relationship is created, disclosed, and terminated, including the timing of written agency agreements under Delaware practice

Solve 25 scenario items that ask you to identify a breach of fiduciary duty and name the duty violated

Review and correct every missed item from the Week 1 agency scenario set, writing the rule and the reason for each correction

Classify ownership forms (tenancy in common, joint tenancy, tenancy by the entirety, severalty, trust and entity ownership) by right of survivorship, unity requirements, and transferability

Differentiate easements, licenses, encroachments, liens, and other encumbrances by how they are created and extinguished

Explain the essential elements of a valid real estate contract and the remedies available for breach, including liquidated damages and specific performance

Compare conventional, FHA, VA, and USDA loan programs on down payment, insurance requirements, and eligible property conditions

Compute monthly PITI and identify which closing costs are typically paid by buyer, seller, or split in a Delaware settlement

Interpret key financing and settlement documents, including the promissory note, deed of trust or mortgage, Closing Disclosure, and settlement statement line items

Order the steps of a settlement from contract acceptance through funding, recording, and disbursement, and explain the role of escrow and the settlement agent

Compute commission splits, referral fees, and net-to-seller proceeds accurately from a described transaction

Calculate loan-to-value, points, discount, and prorations for taxes, rent, and utilities using both 365-day and 30-day methods

Convert among area measurements (acre, square foot, mile) and solve acreage, frontage, and survey-based pricing problems

Complete a timed 40-question calculation drill and score the errors by error type (setup, arithmetic, unit conversion, concept)

Identify the required elements, warranties, and appropriate use of general warranty, special warranty, bargain and sale, and quitclaim deeds

Explain the differences among constructive notice, actual notice, and inquiry notice, and describe how recording statutes protect a purchaser

Trace each method of acquiring title (purchase, inheritance, adverse possession, foreclosure, eminent domain, dedication) and the deed or document usually involved

Read a title commitment scenario and distinguish insurable title issues from exceptions to coverage

Apply all three appraisal approaches (sales comparison, cost, income) to a given property description and select the most reliable approach for that property type

Compute adjustments in a sales comparison grid and reconcile a final indicated value

Summarize the federal and Delaware disclosure and fair housing obligations that attach to a listing, including property condition, lead-based paint, agency, and seller property disclosures

Outline prohibited practices under fair housing law and the complaint process, plus the antitrust rules that govern broker compensation discussions

State the Delaware Real Estate Commission licensing requirements for salespersons and brokers, including education, experience, examination, and sponsorship steps

Apply Commission rules on advertising, handling of client funds and escrow, recordkeeping, and continuing education to described fact patterns

Identify the grounds for license discipline and the process for complaints, investigations, hearings, and sanctions

Develop a personal set of memory devices to recall statutory timeframes, dollar thresholds, and agency notification requirements

Take two full-length 100-question timed practice exams and record every missed item by domain

Re-study only the two lowest-scoring domains using your error logs and quick-reference sheets

Write out the calculation formulas you used most often and re-verify each against worked examples

Simulate exam-day conditions one final time and confirm you can finish every section within time