Delaware Code Title 24 Sec. 2919 – Maintenance of place of business; office permits
(a) The broker shall maintain an office approved by the Commission or by the state of licensure. Each office shall be under the direction and supervision of the broker. A broker applying for an office in the State of Delaware shall submit an application to the Commission for an office permit with the application fee established by the Division. A permit shall be issued only upon approval by the Commission.
Terms Used In Delaware Code Title 24 Sec. 2919
- Broker: means any individual who holds a broker license from the Commission and who for a compensation or valuable consideration, is self-employed or is employed directly or indirectly by a brokerage organization to sell or offer to sell, or to buy or offer to buy, or to negotiate the purchase, sale, or exchange of real estate, or to lease or rent or offer for rent any real estate, or to negotiate leases or rental agreements thereof or of the improvements thereon for others. See Delaware Code Title 24 Sec. 2902
- Commission: means the Delaware Real Estate Commission. See Delaware Code Title 24 Sec. 2902
- Designated on-site supervisor: means a licensee who has at least 5 years of continuous real estate services experience and who has been appointed as the full-time supervisor of a branch office by the broker. See Delaware Code Title 24 Sec. 2902
- Division: means the Delaware Division of Professional Regulation. See Delaware Code Title 24 Sec. 2902
- Licensee: means an individual licensed under this chapter as a broker, associate broker or salesperson without implying what legal relationship they have with a customer or client. See Delaware Code Title 24 Sec. 2902
- Real estate services: means those activities performed by a licensee as defined in this chapter. See Delaware Code Title 24 Sec. 2902
- State: means the State of Delaware. See Delaware Code Title 24 Sec. 2902
(b) On or before the biennial date established by the Division, the broker shall submit an application to the Division for renewal of the office permit with the renewal fee established by the Division.
(c) The broker’s license shall include the address of the approved office.
(d) If the broker maintains more than one office, the broker shall apply for and obtain an additional broker’s license and office permit in the broker’s name for each branch office. A branch office permit shall be subject to the requirements set forth in subsections (a) and (b) of this section. The application for a branch office shall state the address of the branch office and the designated on-site supervisor. The designated on-site supervisor shall be a licensee with a minimum of 5 years of continuous real estate services experience, which shall be documented on the branch office application. The branch office, any licensees associated with the office and the designated on-site supervisor shall be under the direction and supervision of the broker.
(e) All brokers’ offices shall display a conspicuous sign on the outside of the office building as set forth in the Commission’s rules and regulations.
(f) Additional requirements for issuance of office permits may be set forth in the Commission’s rules and regulations.
35 Del. Laws, c. 63, § ?8; Code 1935, § ?5480; 24 Del. C. 1953, § ?2918; 60 Del. Laws, c. 714, § ?6; 67 Del. Laws, c. 121, § ?23; 70 Del. Laws, c. 186, § ?1; 71 Del. Laws, c. 103, § ?4; 78 Del. Laws, c. 166, § ?1;