Which statement is true about real estate commissions in Delaware?

In Delaware, real estate commissions are not set by law and can be negotiated between brokers and salespersons. This flexibility allows for agreements that reflect the specific circumstances of a transaction, such as the complexity of the sale, the level of service provided, and the strategies employed to market a property. By allowing variations in commission structures, the real estate market can accommodate different business models and competitive practices.

Options suggesting that commissions are fixed or determined by law do not reflect the reality of the real estate industry in Delaware, where individual agreements play a significant role. Similarly, indicating that commissions are non-negotiable would contradict the freedom that brokers and agents have to set terms that work best for their clients and their businesses. This understanding emphasizes the importance of communication and negotiation skills in real estate transactions.