PA Real Estate Exam; Questions and Answers
100% Pass
Quincy is a Pennsylvania broker acting as a transaction licensee. Which of these,
if performed, would violate duties Quincy owes in the transaction licensee
capacity? Correct Answer-Disclosing that the seller would accept an offer
below list price
A/an ______ is the person responsible for supervising associate brokers and/or
salespersons in Pennsylvania. Correct Answer-Broker of record
What are Pennsylvania brokers required to place outside of their licensed place
of business? Correct Answer-A sign showing the licensed brokerage name
Which of the following situations would MOST LIKELY be grounds for suspension
or revocation of a real estate license in Pennsylvania? Correct Answer-Failure
to disclose personal interest in a property
What happens to you if you are involved in a case and cannot pay the judgment
amount, and the consumer is awarded money from Pennsylvania's Real Estate
Recovery Fund? Correct Answer-You will be suspended and cannot be
reinstated until you pay back the fund at 10% interest.
, PA Real Estate Exam; Questions and Answers
100% Pass
How many brokers can you be affiliated with as a Pennsylvania
licensee? Correct Answer-One
Which Pennsylvania licensee owns or manages a business that collects rental
information in order to refer tenants to rental units? Correct Answer-Rental
listing referral agent
A/an ______ is a person or entity who owns or manages a business that collects
rental information for the purpose of referring prospective tenants. Correct
Answer-Rental listing referral agent
Which organization specifies in their Rules and Regulations the standards of
conduct that each Pennsylvania licensee must follow? Correct Answer-State
Real Estate Commission
When does your real estate license expire in Pennsylvania? Correct Answer-
May 31 of every even numbered year
Mackenzie is a real estate licensee in Pennsylvania. She accepted a listing on the
seller's condition that she not show the property to any families with teenagers,
even though she doesn't intend to follow through with the condition. Did
, PA Real Estate Exam; Questions and Answers
100% Pass
Mackenzie do anything wrong? Correct Answer-Yes, it's a violation to accept
discriminatory listings.
Jim and Tammy own a family farm in Pennsylvania. They have decided to retire
to Florida. Ten years ago, water testing revealed that the well was contaminated
from agricultural runoff and pesticides. Now that they are ready to sell the farm,
what should they do? Correct Answer-Identify the past issues and what, if
any action they took
Gunther is a new licensee in Pennsylvania, but he's moving to a different area of
the state and wants to affiliate with a different broker. What must he do to make
this happen? Correct Answer-Notify the commission within 10 days after the
change, pay a fee, and return his license to the commission.
Ryan is a newly licensed salesperson in Pennsylvania who's landed his first
listing. Which of the following actions should he take relative to the listing
agreement? Correct Answer-Use a pre-printed form provided by his broker.
If the Pennsylvania State Real Estate Commission revokes a license, how long
does the revocation usually last? Correct Answer-At least five years
100% Pass
Quincy is a Pennsylvania broker acting as a transaction licensee. Which of these,
if performed, would violate duties Quincy owes in the transaction licensee
capacity? Correct Answer-Disclosing that the seller would accept an offer
below list price
A/an ______ is the person responsible for supervising associate brokers and/or
salespersons in Pennsylvania. Correct Answer-Broker of record
What are Pennsylvania brokers required to place outside of their licensed place
of business? Correct Answer-A sign showing the licensed brokerage name
Which of the following situations would MOST LIKELY be grounds for suspension
or revocation of a real estate license in Pennsylvania? Correct Answer-Failure
to disclose personal interest in a property
What happens to you if you are involved in a case and cannot pay the judgment
amount, and the consumer is awarded money from Pennsylvania's Real Estate
Recovery Fund? Correct Answer-You will be suspended and cannot be
reinstated until you pay back the fund at 10% interest.
, PA Real Estate Exam; Questions and Answers
100% Pass
How many brokers can you be affiliated with as a Pennsylvania
licensee? Correct Answer-One
Which Pennsylvania licensee owns or manages a business that collects rental
information in order to refer tenants to rental units? Correct Answer-Rental
listing referral agent
A/an ______ is a person or entity who owns or manages a business that collects
rental information for the purpose of referring prospective tenants. Correct
Answer-Rental listing referral agent
Which organization specifies in their Rules and Regulations the standards of
conduct that each Pennsylvania licensee must follow? Correct Answer-State
Real Estate Commission
When does your real estate license expire in Pennsylvania? Correct Answer-
May 31 of every even numbered year
Mackenzie is a real estate licensee in Pennsylvania. She accepted a listing on the
seller's condition that she not show the property to any families with teenagers,
even though she doesn't intend to follow through with the condition. Did
, PA Real Estate Exam; Questions and Answers
100% Pass
Mackenzie do anything wrong? Correct Answer-Yes, it's a violation to accept
discriminatory listings.
Jim and Tammy own a family farm in Pennsylvania. They have decided to retire
to Florida. Ten years ago, water testing revealed that the well was contaminated
from agricultural runoff and pesticides. Now that they are ready to sell the farm,
what should they do? Correct Answer-Identify the past issues and what, if
any action they took
Gunther is a new licensee in Pennsylvania, but he's moving to a different area of
the state and wants to affiliate with a different broker. What must he do to make
this happen? Correct Answer-Notify the commission within 10 days after the
change, pay a fee, and return his license to the commission.
Ryan is a newly licensed salesperson in Pennsylvania who's landed his first
listing. Which of the following actions should he take relative to the listing
agreement? Correct Answer-Use a pre-printed form provided by his broker.
If the Pennsylvania State Real Estate Commission revokes a license, how long
does the revocation usually last? Correct Answer-At least five years
