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PA REAL ESTATE COMPREHENSIVE ANSWERS AND QUESTIONS SET A.pdf

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PA REAL ESTATE COMPREHENSIVE ANSWERS AND
QUESTIONS SET A+
✔✔A licensee has been found to have committed acts prohibited by the license law.
Which of the following is the maximum penalty that the Pennsylvania real estate
Commission can impose on that licensee?
a. License revocation and in order to return the competition payment received
b. license revocation and in order to perform community service
c. license revocation and imprisonment of no more than one year
d. license revocation and a fine - ✔✔d. license revocation and a fine

✔✔Which of the following actions by a licensee is a violation of Pennsylvania real estate
license law?
a. Soliciting listings in a multi-ethnic neighborhood
b. preparing a listing contract that leaves the duration unspecified
c. attempting to change employing brokers more than three times in a 12 month.
d. Showing property in an area with a high concentration of 1 ethnic group to members
of another ethnic group or racial group - ✔✔b. preparing a listing contract that leaves
the duration unspecified

✔✔The Pennsylvania Real Estate Commission is authorized to do all of the following
EXCEPT.
a. administer and enforce the laws relating to real estate activity for which licensing
occurs
b. adopt and enforce regulations of continuing education for licenses
c. determine appropriate fees for various licenses
d. oversee the services provided to a licensed by professional organizations - ✔✔d.
oversee the services provided to a licensed by professional organizations

✔✔According to the Real Estate Commission's regulations, an agreement of sale MUST
contain the
a. amount of broker's compensation
b. waiver of broker's responsibility
c. dates for payment and conveyance

, d. dates for recording an transfer of title - ✔✔c. dates of payment and conveyance

✔✔When a tenant who has a service or support animal applies to lease an apartment in
a building which does not allow pets, which of the following rules may the landlord
follow?
A.Both state and federal laws require the landlord to allow any service or support animal
B. the landlord must allow the service or support animal, but may change an additional
deposit
C. The landlord may disallow the animal if there are no other animals permitted in the
building
D. the landlord may disallow the animal if it is not federally registered as a support or
service animal - ✔✔A.Both state and federal laws require the landlord to allow any
service or support animal

✔✔Which of the following is NOT a requirement of a valid exclusive listing agreement?
A. it must be in writing
B. it must contain a specific duration
C. it must be on a state- approved listing agreement form
D. it must describe the services to be performed - ✔✔C. it must be on a state- approved
listing agreement form

✔✔Can a licensed real estate broker prepare an appraisal for a new loan on a property
that the broker has listed for sale?
A. yes, if the appraisal is identified as a comparative market analysis
B. yes, if the appraisal is done before an offer to purchase is accepted by the seller
C. yes, with proper disclosure to the lender about the broker's qualifications
D.no, real property appraisals are not within the scope of practice for a real estate broke
- ✔✔B. yes, if the appraisal is done before an offer to purchase is accepted by the seller

✔✔Disciplinary action would NOT be taken against a salesperson for
A. accepting a bonus commission from a seller
B. failing to tell a buyer that a roof has a leak
C. disclosing to a buyer that the salesperson is working for the seller
D. taking a listing on a property 2 weeks before another exclusive listing on the same
property has expired - ✔✔C. disclosing to a buyer that the salesperson is working for
the seller

✔✔A valid exclusive listing contract in Pennsylvania must contain all of the following
EXCEPT
A. the duration of the listing
B. the commission expected
C. the listing price of the property
D. the automatic renewal clause - ✔✔D. the automatic renewal clause

✔✔The real estate commission does NOT have the power to

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