PA Real Estate Exam Questions
And Correct Answers
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?
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.
Broker of record
What are Pennsylvania brokers required to place outside of their licensed place of
business?
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?
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?
You will be suspended and cannot be reinstated until you pay back the fund at 10%
interest.
How many brokers can you be affiliated with as a Pennsylvania licensee?
One
Which Pennsylvania licensee owns or manages a business that collects rental
information in order to refer tenants to rental units?
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.
Rental listing referral agent
Which organization specifies in their Rules and Regulations the standards of conduct
that each Pennsylvania licensee must follow?
State Real Estate Commission
, When does your real estate license expire in Pennsylvania?
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 Mackenzie do
anything wrong?
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?
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?
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?
Use a pre-printed form provided by his broker.
And Correct Answers
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?
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.
Broker of record
What are Pennsylvania brokers required to place outside of their licensed place of
business?
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?
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?
You will be suspended and cannot be reinstated until you pay back the fund at 10%
interest.
How many brokers can you be affiliated with as a Pennsylvania licensee?
One
Which Pennsylvania licensee owns or manages a business that collects rental
information in order to refer tenants to rental units?
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.
Rental listing referral agent
Which organization specifies in their Rules and Regulations the standards of conduct
that each Pennsylvania licensee must follow?
State Real Estate Commission
, When does your real estate license expire in Pennsylvania?
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 Mackenzie do
anything wrong?
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?
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?
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?
Use a pre-printed form provided by his broker.
