HIGH YIELD TOPICS AND SOLUTIONS REAL
ESTATE APPRAISAL ROADMAP
◉ What must a broker or rental referral agent have in Pennsylvania?
Answer: A fixed business license, subject to inspection by the
Commission.
◉ What is required for an Associate Broker license?
Answer: The broker must submit their original broker's license and
receive an Associate Broker's license.
◉ What types of licenses do not require minimum education hours
in Pennsylvania?
Answer: Some licenses, such as Cemetery Salesperson and
Builder/Owner Salesperson, may not require minimum education
hours.
◉ What must be included in the legal description of the property in
the Statement of Record?
Answer: A statement of the topography with a map showing the
proposed division and dimensions.
,◉ What must developers provide regarding the condition of access
to the property?
Answer: A statement of the present condition of access and any
unusual safety conditions.
◉ What is the consequence of failing to provide truthful information
to prospective buyers?
Answer: The Commission may take action against the developer for
misleading advertising.
◉ What must developers consent to in the Statement of Record?
Answer: Consent to submit to the jurisdiction of the Commonwealth
courts.
◉ What actions can the Commission take if there is a violation of the
Act?
Answer: Suspend or revoke registration, refer the complaint to the
Consumer Protection Bureau, or seek an injunction.
◉ How long does an applicant have to request a hearing after a
rejection by the Commission?
Answer: 20 days after notice of rejection.
◉ What happens to a real estate license if it is not renewed?
, Answer: It automatically becomes inactive and is held in escrow
until renewed or dropped.
◉ How often must Pennsylvania real estate licenses be renewed?
Answer: Every two years in even-numbered years.
◉ What is required for licensees to renew their real estate license?
Answer: 14 hours of continuing education, including specific hours
in Fair Housing and Agency Relationships.
◉ Who is exempt from the continuing education requirement for the
first renewal?
Answer: Licensees renewing for the first time.
◉ What types of real estate licenses do not require continuing
education for renewal?
Answer: Cemetery brokers, cemetery association brokers, cemetery
multiple-license brokers, cemetery salespersons, rental listing
referral agents, campground membership salespersons, builder-
owner salespersons, and timeshare salespersons.
◉ What must a real estate education provider do to be approved?
Answer: Meet criteria set by the Commission, including having a
qualified director and instructors.