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PA Real Estate State Portion; Questions and Answers 100% Solved

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PA Real Estate State Portion; Questions and Answers 100% Solved Real Estate Commission has how many members Correct Answer-11 Who are the members of the Comission Correct Answer-(1) Commissioner of Professional and Occupational Affairs (1) Director of Bureau of Consumer Protection (5) Brokers of 10+ yrs experience (3) Public at Large Members (1) Broker 5+ years selling cemetery for at least 10+ yea

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Institution
PA REAL ESTATE
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PA REAL ESTATE

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Uploaded on
August 27, 2024
Number of pages
17
Written in
2024/2025
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PA Real Estate State Portion; Questions and
Answers 100% Solved
Real Estate Commission has how many members Correct Answer-11



Who are the members of the Comission Correct Answer-(1) Commissioner of
Professional and Occupational Affairs

(1) Director of Bureau of Consumer Protection

(5) Brokers of 10+ yrs experience

(3) Public at Large Members

(1) Broker 5+ years selling cemetery for at least 10+ years



How long are terms for Commission members Correct Answer-5 years, MAX
5.5 years



If Commission member dies how long does successor with same qualifications
have Correct Answer-rest of term of deceased member



How much is the per diem compensation Correct Answer-$60/day



How many special meetings? What is the notice? Correct Answer-1 in
Pittsburg

, PA Real Estate State Portion; Questions and
Answers 100% Solved
1 in Philadelphia

1 in Harrisburg

15 days notice in newspaper



What is a summary offense? Fine? Correct Answer-doing business without a
license or continues business after revoked/suspended or someone who
employs a person in either circumstance listed above.



<$500, < 3 months prison or both



2+ summary offenses is guilty of __? Fine? Correct Answer-3rd degree felony

fine $2000-$5000, < 1-2 yrs prison or both



In addition to civil remedy or criminal penalty, commission can levy a civil
penalty of up to ___ for ___ Correct Answer-max $1000

Person who practices real estate without a license, continues business after
revoked/suspended, or employer of a person in either circumstance listed above



Continuing Education is how many Correct Answer-14 hrs biennially

, PA Real Estate State Portion; Questions and
Answers 100% Solved

CE may be waived if failure to complete is because of Correct Answer-illness,
emergency or hardship



Licenses can not be placed for longer than Correct Answer-5 years, then you
need to retake exam



Annual report of complaints is sent to Correct Answer-Professional Licensure
Committee of House of Rep

Consumer Protection and Professional Licensure Committee of Senate



Copy of budget request must be sent to __ after ___ Correct Answer-sent to
House of Reps and Senate Appropriations Committees 15 days after Governor
submits budget to General Assemnly



Broker Qualifications Correct Answer-21 Years Old

HS Graduate

240 Hours Edu

3+ Years Salesperson Experience

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