PSI PA STATE REAL ESTATE CORRECT EVALUTAION
EXAMS QUESTIONS AND ANSWERS SURE A+
. The phrase "time share" does not include campground membership.
✔✔STANDARD LICENSE - ✔✔Any license issued under this act that is not a reciprocal
license.
✔✔SCHOOL - ✔✔Any person who conducts classes in real estate subjects but is not a
college, university or institute of higher learning duly accredited by the Middle States
Association of Colleges and Secondary Schools or equivalent accreditation.
✔✔SALESPERSON - ✔✔Any person employed by a licensed real estate broker to
perform comparative market analyses or to list for sale, sell or offer for sale, to buy or
offer to buy or to negotiate the purchase or sale or exchange of real estate or to
negotiate a loan on real estate or to lease or rent or offer to lease, 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.
✔✔RENTAL LISTING REFERRAL AGENT - ✔✔Any person who owns or manages a
business which collects rental information for the purpose of referring prospective
, tenants to rental units or locations of such units. The term "rental listing referral agent"
shall not include any employee or official of any public housing authority created
pursuant to State or Federal law.
✔✔RECIPROCAL LICENSE - ✔✔A license issued under section 602 (a) through (e).
✔✔REAL ESTATE SERVICE - ✔✔An act or acts requiring a real estate license.
✔✔REAL ESTATE - ✔✔Any interest or estate in land, whether corporeal, incorporeal,
freehold or nonfreehold, whether the land is situated in this Commonwealth or
elsewhere including leasehold interests and time share and similarly designated
interests. A sale of a mobile home shall be deemed to be a transfer of an interest in real
estate if accompanied by the assignment of the lease or sale of the land on which the
mobile home is situated.
✔✔SELLER AGENT - ✔✔Any licensee who has entered into an agency relationship
with a seller of real estate.
✔✔$60 - ✔✔Each member of the commission other than the Commissioner of
Professional and Occupational Affairs shall receive reimbursement for reasonable
expenses in accordance with Commonwealth regulations and per diem compensation at
the rate of $_______ per day for the time actually devoted to the business of the
commission.
✔✔The State Real Estate Commission is hereby created and shall consist of the -
✔✔Commissioner of Professional and Occupational Affairs;
Director of the Bureau of Consumer Protection, or his designee;
three members who shall be persons representing the public at large;
five other persons, each of whom shall at the time of his appointment be a licensed and
qualified real estate broker under the existing law of this Commonwealth, and shall have
been engaged in the real estate business in this Commonwealth for a period of not less
than ten years immediately prior to his appointment; and
one other person who shall have been licensed as a real estate broker, or cemetery
broker, for a period of at least five years and shall have been engaged in selling
cemetery lots for at least ten years immediately prior to his appointment.
✔✔Who is responsible for appointing the members of the PA Real Estate Commission?
- ✔✔Each of said members of the commission shall be appointed by the Governor.
✔✔The term of office of each member of the Real Estate Commission shall be... -
✔✔five years from his appointment, or until his successor has been appointed and
EXAMS QUESTIONS AND ANSWERS SURE A+
. The phrase "time share" does not include campground membership.
✔✔STANDARD LICENSE - ✔✔Any license issued under this act that is not a reciprocal
license.
✔✔SCHOOL - ✔✔Any person who conducts classes in real estate subjects but is not a
college, university or institute of higher learning duly accredited by the Middle States
Association of Colleges and Secondary Schools or equivalent accreditation.
✔✔SALESPERSON - ✔✔Any person employed by a licensed real estate broker to
perform comparative market analyses or to list for sale, sell or offer for sale, to buy or
offer to buy or to negotiate the purchase or sale or exchange of real estate or to
negotiate a loan on real estate or to lease or rent or offer to lease, 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.
✔✔RENTAL LISTING REFERRAL AGENT - ✔✔Any person who owns or manages a
business which collects rental information for the purpose of referring prospective
, tenants to rental units or locations of such units. The term "rental listing referral agent"
shall not include any employee or official of any public housing authority created
pursuant to State or Federal law.
✔✔RECIPROCAL LICENSE - ✔✔A license issued under section 602 (a) through (e).
✔✔REAL ESTATE SERVICE - ✔✔An act or acts requiring a real estate license.
✔✔REAL ESTATE - ✔✔Any interest or estate in land, whether corporeal, incorporeal,
freehold or nonfreehold, whether the land is situated in this Commonwealth or
elsewhere including leasehold interests and time share and similarly designated
interests. A sale of a mobile home shall be deemed to be a transfer of an interest in real
estate if accompanied by the assignment of the lease or sale of the land on which the
mobile home is situated.
✔✔SELLER AGENT - ✔✔Any licensee who has entered into an agency relationship
with a seller of real estate.
✔✔$60 - ✔✔Each member of the commission other than the Commissioner of
Professional and Occupational Affairs shall receive reimbursement for reasonable
expenses in accordance with Commonwealth regulations and per diem compensation at
the rate of $_______ per day for the time actually devoted to the business of the
commission.
✔✔The State Real Estate Commission is hereby created and shall consist of the -
✔✔Commissioner of Professional and Occupational Affairs;
Director of the Bureau of Consumer Protection, or his designee;
three members who shall be persons representing the public at large;
five other persons, each of whom shall at the time of his appointment be a licensed and
qualified real estate broker under the existing law of this Commonwealth, and shall have
been engaged in the real estate business in this Commonwealth for a period of not less
than ten years immediately prior to his appointment; and
one other person who shall have been licensed as a real estate broker, or cemetery
broker, for a period of at least five years and shall have been engaged in selling
cemetery lots for at least ten years immediately prior to his appointment.
✔✔Who is responsible for appointing the members of the PA Real Estate Commission?
- ✔✔Each of said members of the commission shall be appointed by the Governor.
✔✔The term of office of each member of the Real Estate Commission shall be... -
✔✔five years from his appointment, or until his successor has been appointed and
