Questions and Guide Answers
100% Verified Graded A+
1. Within what time limit of a court judgment, including review and appeals,
must an aggrieved party file an application for compensation from the Penn-
sylvania Real Estate Recovery Fund?
Answer: 1 year
2. The official approval of a Pennsylvania Real Estate School must come from-
Answer: Pennsylvania Real Estate Commission
3. Within how many years of passing the real estate licensing examination must
a salesperson candidate have successfully completed his or her required hours
of real estate instruction?
,Answer: 10 years
4. Which of the following statements is true concerning the advertisement for
the solicitation of the sale of real estate lots with prizes and gifts?
Answer: The licensee shall have records of the name and address of each person who responded to the
advertisement but did not receive a prize or gift
5. A broker can leave a "For Sale" sign on a property on which an exclusive right to
sell listing has expired under which of the following circumstances?
Answer: With permission in writing of the seller
6. If the Pennsylvania Real Estate Commission discovers a person has obtained a
real estate license due to false representation, the Commission may do all of the
following EXCEPT
Answer: Levy a fine of $2,000
7. If a broker terminates the employment of a licensed salesperson working for that
broker because of dishonesty, the broker should report this information to
Answer: The Real Estate Commission
8. A candidate for licensure as a broker must prove to the Pennsylvania Real
Estate Commission that he or she has successfully completed the necessary
educational requirements
, Answer: When submitting the written application to be eligible for the broker's licensing examination
9. A real estate broker must make all of the following disclosures to a prospec-
tive buyer/ tenant or seller/landlord during the initial interview EXCEPT
Answer: A disclosure of broker's business name, business address and real estate license number
10. At what time does Pennsylvania law requires brokers and salespersons to
provide a "Consumer Notice" to all consumers who are seeking to sell, pur-
chase or lease residential or commercial real estate?
Answer: At the point where the consumer discusses their own interests or needs
11. The Pennsylvania real estate rule involving a time limit of one year pertains to
which of the following
Answer: The time limit that an exclusive agreement for listing property may not exceed
12. A salesperson introduces a blind prospective tenant with a seeing eye dog to
a rental apartment. If the prospective tenant wants to rent the apartment but
the lease has a "no pets" provision, the salesperson must
Answer: Allow the prospective tenant to enter into the lease
13. A person wishes to file a complaint regarding racial discrimination as it
applies to the sale or rental of housing. That person can file a complaint using all
of the following means EXCEPT