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PA REAL ESTATE SALESPERSON EXAM STATE PORTION 2026 PRACTICE GUIDE QUESTIONS AND ANSWERS VERIFIED GRADED A+

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PA REAL ESTATE SALESPERSON EXAM STATE PORTION 2026 PRACTICE GUIDE QUESTIONS AND ANSWERS VERIFIED GRADED A+

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PA REAL ESTATE SALESPERSON EXAM
STATE PORTION 2026 PRACTICE GUIDE
QUESTIONS AND ANSWERS VERIFIED
GRADED A+

⩥ Standard License.
Answer: A license, other than a reciprocal license, issued to an
individual or entity who has fulfilled the education/experience and
examination requirements of the act.


⩥ Reciprocal License.
Answer: The department may waive any license requirement for an
applicant who holds a license issued by another state that has license
requirements substantially equivalent to the license requirements of this
state.


⩥ Broker.
Answer: Any person who, for another and for a fee, commission or other
valuable consideration:
(1) negotiates with or aids any person in locating or obtaining for
purchase, lease or an acquisition of interest in any real estate;
(2) negotiates the listing, sale, purchase, exchange, lease, time share and
similarly designated interests, financing or option for any real estate;
(3) manages any real estate;

, (4) represents himself to be a real estate consultant, counselor, agent or
finder;
(5) undertakes to promote the sale, exchange, purchase or rental of real
estate: Provided, however, That this provision shall not include any
person whose main business is that of advertising, promotion or public
relations;
(5.1) undertakes to perform a comparative market analysis; or
(6) attempts to perform any of the above acts.


⩥ Salesperson.
Answer: Any person employed by a licensed real estate broker to
(1)perform comparative market analyses or (2)to list for sale, (3)sell or
offer for sale, to (4)buy or offer to buy or to negotiate the purchase or
sale or exchange of real estate or to (5)negotiate a loan on real estate or
to lease or rent or offer to lease, (6)rent or place for rent any real estate
or collect or offer or attempt to collect rent for the use of real estate for
or in behalf of such real estate broker.


No person employed by a broker to perform duties other than those
activities as defined herein under "broker" shall be required to be
licensed as a salesperson.


⩥ Cemetery Broker.
Answer: Any person engaging in or carrying on the business or acting in
the capacity of a broker within this Commonwealth exclusively within

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