Pass the Pennsylvania Real Estate Commission Real Estate Licensing RePA_Sales_S Questions and answers with CertsForce

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Questions # 1:

A salesperson is representing a buyer who wants to make an offer on a property that is listed by another licensee in her office. Without the listing licensee’s knowledge, she becomes aware that the sellers are getting divorced. In what capacity would the salesperson NOT be able to share the information?

Options:

A.

Dual agent


B.

Sub-agent of the buyer


C.

Transaction licensee


D.

Designated buyer agent


Expert Solution
Questions # 2:

What are the permitted relationships between licensees and consumers as defined by the "Consumer Notice" and Pennsylvania regulations?

Options:

A.

Buyer agent, seller agent, designated agent, dual agent, and rental agent.


B.

Buyer agent, buyer sub-agent, seller agent, seller sub-agent, and dual agent.


C.

Buyer agent, seller agent, designated agent, dual agent, and transaction licensee.


D.

Buyer agent, seller agent, designated dual agent, and transaction licensee.


Expert Solution
Questions # 3:

A real estate ad in a newspaper placed by a salesperson MUST include the:

Options:

A.

Municipality in which the property is located.


B.

Legal description of the property.


C.

Employing broker’s name and phone number.


D.

Name of the principal.


Expert Solution
Questions # 4:

Can a licensed real estate broker prepare an appraisal for a new loan on property that the broker has listed for sale?

Options:

A.

Yes, if the appraisal is identified as a comparative market analysis.


B.

Yes, if the appraisal is done before an offer to purchase is accepted by the seller.


C.

Yes, with proper disclosure to the lender about the broker’s qualifications.


D.

No, real property appraisals are not within the scope of practice for a real estate broker.


Expert Solution
Questions # 5:

In the normal course of practicing real estate, a licensed real estate salesperson may:

Options:

A.

Directly receive a commission from the buyer as well as the seller.


B.

Pay a referral fee directly to another licensed salesperson.


C.

Receive commission and bonuses through their broker.


D.

Agree to split commissions with another licensee and pay the split directly to the other licensee.


Expert Solution
Questions # 6:

According to the Pennsylvania Landlord-Tenant Act, a tenant must be notified of the final disposition of their security deposit within what time period following the end of the lease?

Options:

A.

Within 5 days


B.

Within 30 days


C.

Within 60 days


D.

Immediately upon completion of the landlord's final inspection of the premises


Expert Solution
Questions # 7:

When a tenant who has a service or support animal applies to lease an apartment in a building that does not allow pets, which of the following rules may the landlord follow?

Options:

A.

Both state and federal laws require the landlord to allow any service or support animal.


B.

The landlord must allow the service or support animal but may charge an additional deposit.


C.

The landlord may disallow the animal if there are no other animals permitted in the building.


D.

The landlord may disallow the animal if it is not federally registered as a support or service animal.


Expert Solution
Questions # 8:

A licensee meets with a couple to discuss listing their home, and the couple ends the meeting by signing a listing agreement. State law REQUIRES that the couple receive a copy of the agreement:

Options:

A.

at the time their signatures are obtained.


B.

after the licensee obtains their employing broker's signature.


C.

after the cancellation period has expired.


D.

within 5 business days from the time the agreement was signed.


Expert Solution
Questions # 9:

Licensing law in the Commonwealth of Pennsylvania requires that a real estate salesperson be supervised by a licensed real estate broker or a broker-assigned:

Options:

A.

Team leader.


B.

Salesperson.


C.

Associate broker.


D.

Transaction coordinator.


Expert Solution
Questions # 10:

In order to renew a real estate license in Pennsylvania, the licensee:

Options:

A.

must take 14 hours of CE courses specifically mandated by the Real Estate Commission.


B.

may take any combination of approved CE courses adding up to 14 hours of classroom instruction.


C.

must include in the required hours of CE any course mandated by the Real Estate Commission within the current licensing period.


D.

may include excess hours carried over from the previous licensing period to reach the total CE hours required for the current license term.


Expert Solution
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