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If clients have questions regarding the sale of their home beyond the licensee's
expertise, what MUST the salesperson do?
A. Seek legal representation for the clients.
B. Advise the clients to seek expert advice.
C. Ask his associate broker and advise the clients of the answer.
D. Advise the clients to seek another salesperson to represent them in the
transaction. ---------CORRECT ANSWER-----------------B. Advise the clients to seek
expert advice.
Real estate licensees may complete their biennial license renewal courses through
A. the local community college in any state.
B. any online source that has verified encryption of personal data.
C. any education provider that provides course approved by the Commission.
D. any local education provider that provides 14-hour continuing education
courses. ---------CORRECT ANSWER-----------------C. any education provider that
provides course approved by the Commission.
,You have been seeking a buyer for a client's property and have submitted two
offers that are near list price, advising your client to accept the higher one. A third
prospective buyer brings an offer that is several thousand dollars lower than
either of the others, and asks you to present it to your client also. Must you
present this offer, and why or why not?
A. You need not present the offer because it would not be in your client's best
interest to accept it over either of the others and you are obliged to serve your
client's best interest.
B. You need not present the offer because your client has two good offers in
hand, and has told you he finds both acceptable and will accept one of them
before they expire.
C. You must present the offer because failure to do so would breach your
fiduciary duty to the prospective buyer.
D. You must present the offer because you must present all offers tendered, even
disadvant ---------CORRECT ANSWER-----------------C. You must present the offer
because failure to do so would breach your fiduciary duty to the prospective
buyer
A real estate salesperson allowed her license to expire. In order for the license to
be reactivated without retaking the licensing examination MUST apply for
reactivation within
A. 2 years after the license becomes inactive or expires.
B. 3 years after the license becomes inactive or expires.
C. 4 years after the license becomes inactive or expires.
D. 5 years after the license becomes inactive or expires. ---------CORRECT
ANSWER-----------------D. 5 years after the license becomes inactive or expires.
,After a complaint has been filed against a licensee for violation of the
Pennsylvania Human Relations Act, the
A. Human Relations Commission may conduct an investigation.
B. Real Estate Commission will automatically revoke the license.
C.Real Estate Commission will automatically suspend the license.
D. Human Relations Commission may immediately initiate an administrative
hearing. ---------CORRECT ANSWER-----------------A. Human Relations Commission
may conduct an investigation.
You have just obtained the signature of a seller to accept a buyer's offer to
purchase. What is your next step?
A. Record and file the signed copy at the office.
B. Leave a signed copy with the seller.
C. Call the buyer to notify her of the offer's acceptance.
D. Deliver a signed copy to the buyer. ---------CORRECT ANSWER-----------------D.
Deliver a signed copy to the buyer.
A listing contract reads "This agreement shall expire in 180 days only if the owner
notifies the broker of the intention to cancel. If no cancellation notice is received
by the expiration of the term, the listing agreement shall continue for another 30-
day period." Which of the following statements
BEST describes the status of this agreement?
, A. It requires a written notice to be extended.
B. It requires a written notice to be cancelled.
C. It automatically extends if no notice is received.
D. It is illegal. ---------CORRECT ANSWER-----------------C. It automatically extends if
no notice is received.
What is the status of a person's license after a claim has been paid from the Real
Estate Recovery Fund to settle a claim against that licensee?
A. Active
B. Inactive
C. Reinstated
D. Suspended ---------CORRECT ANSWER-----------------D. Suspended
When MUST Pennsylvania's oral disclosure explaining business relationships be
provided?
A. Upon first contact.
B. Upon first substantive real estate discussion.
C. Upon first discussion of specific property.
D. Upon first in-person substantive real estate discussion. ---------CORRECT
ANSWER-----------------C. Upon first discussion of specific property.