PUERTO RICO REAL ESTATE SALESPERSON LICENSING EXAM PRACTICE TEST QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS) PLUS RATIONALES 2026 Q&A |STUDY
GUIDE| INSTANT DOWNLOAD PDF
Core Domains
*- Property Ownership and Land Use Controls*
*- Laws of Agency and Fiduciary Duties*
*- Real Estate Contracts and Obligations*
*- Real Estate Financing and Mortgage Concepts*
*- Property Valuation and Appraisal Principles*
*- Transfer of Property and Closing Procedures*
*- Puerto Rico Real Estate Law and Regulations (Act No. 10)*
- Ethics and Professional Standards
*- Condominiums and Special Property Types*
*- Real Estate Math and Calculations*
,Introduction
This practice assessment is designed to prepare candidates for the Puerto Rico Real Estate Salesperson
Licensing Exam administered by the Puerto Rico Board of Real Estate Brokers, Salespersons, and Companies.
The exam evaluates essential knowledge and skills required to perform competently as a real estate
salesperson in Puerto Rico, including understanding of property ownership, agency relationships, contract
law, financing options, valuation methods, and Puerto Rico-specific regulations under Act No. 10 of April 26,
1994. The assessment features multiple-choice and scenario-based questions that emphasize real-world
application, critical thinking, and professional decision-making in authentic transaction contexts. Success
requires mastery of both foundational theory and applied professional knowledge, with particular attention
to regulatory compliance, ethics, and the legal framework governing real estate transactions in Puerto Rico.
Section One: Questions 1–100
Question 1
Under Puerto Rico Act No. 10 of April 26, 1994, what is the minimum number of classroom hours required for a
real estate salesperson education course?
A. 30 classroom hours
B. 45 classroom hours
C. 60 classroom hours
D. 90 classroom hours
🟢 Correct answer: C
,🔴 RATIONALE: Act No. 10 Section 3038(b)(1) explicitly requires aspirants for a real estate salesperson license
to have approved a course on the real estate business in Puerto Rico of at least sixty (60) classroom hours.
Question 2
Which entity is responsible for preparing, evaluating, and giving examinations to aspirants for real estate
salesperson licenses in Puerto Rico?
A. Department of Consumer Affairs (DACO)
B. Puerto Rico Board of Real Estate Brokers, Salespersons, and Companies
C. General Council on Education
D. Test Innovations, Inc.
🟢 Correct answer: B
🔴 RATIONALE: Section 3032(c) of Title Twenty of Puerto Rico Laws states that the Board shall prepare,
evaluate, and give examinations to aspirants for real estate broker's and salesperson's licenses at least twice a
year.
Question 3
A real estate salesperson in Puerto Rico must be employed or contracted by which type of professional to
perform authorized activities?
, A. Real estate company owner
B. Real estate broker
C. Property manager
D. Appraiser
🟢 Correct answer: B
🔴 RATIONALE: Section 3025(u) defines a real estate salesperson as a person who holds a license and is
employed or contracted by a real estate broker to perform activities under the broker's direction, control,
supervision, and responsibility.
Question 4
Which of the following is NOT considered a proscribed act under Puerto Rico real estate law?
A. Acting in representation of more than one party without express consent of all parties
B. Unduly withholding a document from the parties
C. Offering a property for sale with the owner's consent
D. Depositing one party's funds together with the broker's own funds
🟢 Correct answer: C
🔴 RATIONALE: Section 3054 lists proscribed acts, including acting for multiple parties without consent (1),
withholding documents (2), offering property without owner's consent (3), and depositing client funds with
personal funds (4). Offering property WITH owner's consent is permitted.
AND CORRECT ANSWERS (VERIFIED ANSWERS) PLUS RATIONALES 2026 Q&A |STUDY
GUIDE| INSTANT DOWNLOAD PDF
Core Domains
*- Property Ownership and Land Use Controls*
*- Laws of Agency and Fiduciary Duties*
*- Real Estate Contracts and Obligations*
*- Real Estate Financing and Mortgage Concepts*
*- Property Valuation and Appraisal Principles*
*- Transfer of Property and Closing Procedures*
*- Puerto Rico Real Estate Law and Regulations (Act No. 10)*
- Ethics and Professional Standards
*- Condominiums and Special Property Types*
*- Real Estate Math and Calculations*
,Introduction
This practice assessment is designed to prepare candidates for the Puerto Rico Real Estate Salesperson
Licensing Exam administered by the Puerto Rico Board of Real Estate Brokers, Salespersons, and Companies.
The exam evaluates essential knowledge and skills required to perform competently as a real estate
salesperson in Puerto Rico, including understanding of property ownership, agency relationships, contract
law, financing options, valuation methods, and Puerto Rico-specific regulations under Act No. 10 of April 26,
1994. The assessment features multiple-choice and scenario-based questions that emphasize real-world
application, critical thinking, and professional decision-making in authentic transaction contexts. Success
requires mastery of both foundational theory and applied professional knowledge, with particular attention
to regulatory compliance, ethics, and the legal framework governing real estate transactions in Puerto Rico.
Section One: Questions 1–100
Question 1
Under Puerto Rico Act No. 10 of April 26, 1994, what is the minimum number of classroom hours required for a
real estate salesperson education course?
A. 30 classroom hours
B. 45 classroom hours
C. 60 classroom hours
D. 90 classroom hours
🟢 Correct answer: C
,🔴 RATIONALE: Act No. 10 Section 3038(b)(1) explicitly requires aspirants for a real estate salesperson license
to have approved a course on the real estate business in Puerto Rico of at least sixty (60) classroom hours.
Question 2
Which entity is responsible for preparing, evaluating, and giving examinations to aspirants for real estate
salesperson licenses in Puerto Rico?
A. Department of Consumer Affairs (DACO)
B. Puerto Rico Board of Real Estate Brokers, Salespersons, and Companies
C. General Council on Education
D. Test Innovations, Inc.
🟢 Correct answer: B
🔴 RATIONALE: Section 3032(c) of Title Twenty of Puerto Rico Laws states that the Board shall prepare,
evaluate, and give examinations to aspirants for real estate broker's and salesperson's licenses at least twice a
year.
Question 3
A real estate salesperson in Puerto Rico must be employed or contracted by which type of professional to
perform authorized activities?
, A. Real estate company owner
B. Real estate broker
C. Property manager
D. Appraiser
🟢 Correct answer: B
🔴 RATIONALE: Section 3025(u) defines a real estate salesperson as a person who holds a license and is
employed or contracted by a real estate broker to perform activities under the broker's direction, control,
supervision, and responsibility.
Question 4
Which of the following is NOT considered a proscribed act under Puerto Rico real estate law?
A. Acting in representation of more than one party without express consent of all parties
B. Unduly withholding a document from the parties
C. Offering a property for sale with the owner's consent
D. Depositing one party's funds together with the broker's own funds
🟢 Correct answer: C
🔴 RATIONALE: Section 3054 lists proscribed acts, including acting for multiple parties without consent (1),
withholding documents (2), offering property without owner's consent (3), and depositing client funds with
personal funds (4). Offering property WITH owner's consent is permitted.
