PA REAL ESTATE STATE PORTION PRACTICE
SET 2026 AGENCY AND CONTRACT
QUESTIONS HIGH YIELD A+
◉ In Pennsylvania, only a memorandum of lease is filed. A
memorandum of lease gives notice of the interest but does not
disclose the terms of the lease to the public. Only the names of the
parties and a description of the property are included.
Answer: Recording a lease
◉ The theory of this warranty is that the lessor who leases
residential premises warrants that the premises shall be fit for
habitation. If the tenant proves that the premises are not fit for
habitation, the court can order a reduction or cessation of rental
payment.
Answer: Warranty of habitability
◉ Contains remedies for landlords if a lease is in default and rules of
civil procedures for district justices in these cases
Answer: Landlord and Tenant Act of 1951
◉ Prohibits unfair practices in the conduct of commerce, also
provides remedies for tenants of residential property.
,Answer: Pennsylvania Consumer Protection Law
◉ Race, color, religion, national origin, sex, age (40 years old or
older), handicap, use of guide or support animals due to a handicap
or disability, or familial status, are all protected under what Act?
Answer: All persons must have access to housing of their choice
under the Pennsylvania Human Relations Act
◉ Legal forms of ownership in PA
Answer: In Severality or concurrently as Joint Tenents or Tenents in
Common, if married as Tenants in the Entireties. In addition,
corporations and partnerships can hold title, and title can be held in
trust
◉ When two or more new owners acquire title to a parcel of real
estate and the deed does not stipulate the tenancy, they acquire title,
by operation or rule of law, as tenants in common. But if the
conveyance is made to a husband and wife with no further
explanation, in Pennsylvania a tenancy by the entirety is created
Answer: Co-Ownership
◉ A special form of joint tenancy between husband and wife that is
recognized in Pennsylvania. Each spouse has an equal, undivided
interest in the property.
Answer: Tenancy by the Entirety
, ◉ Under common law, a partnership is not a legal entity and
technically cannot own real estate. Individual partners must hold
title as tenants in common or joint tenants. However, in states that
have adopted the Uniform Partnership Act, including Pennsylvania, a
partnership is recognized as a legal entity and can hold title in the
partnership's name. Similarly, under the Uniform Limited
Partnership Act, a limited partnership is recognized as a legal entity
that can hold title to property in the limited partnership's name.
Profits and losses are passed through the partnership to each
partner, whose individual tax situation determines the tax
consequences
Answer: Partnerships
◉ For Pennsylvania taxes, however, an LLC is treated as a
corporation but may be considered an S corporation if it meets the
requirements for this type of an organization.
Answer: Limited Liability Companies
◉ The state law adopted from the national model act that governs
the development and operation of condominiums. The law also
provides for certain disclosures to purchasers of condominium units
Answer: Pennsylvania Uniform Condominium Act
◉ Must be given to prospects at least 15 days before a sales contract
is signed. Must detail 22 caterogies of info. i.e, bylaws, R&R,
SET 2026 AGENCY AND CONTRACT
QUESTIONS HIGH YIELD A+
◉ In Pennsylvania, only a memorandum of lease is filed. A
memorandum of lease gives notice of the interest but does not
disclose the terms of the lease to the public. Only the names of the
parties and a description of the property are included.
Answer: Recording a lease
◉ The theory of this warranty is that the lessor who leases
residential premises warrants that the premises shall be fit for
habitation. If the tenant proves that the premises are not fit for
habitation, the court can order a reduction or cessation of rental
payment.
Answer: Warranty of habitability
◉ Contains remedies for landlords if a lease is in default and rules of
civil procedures for district justices in these cases
Answer: Landlord and Tenant Act of 1951
◉ Prohibits unfair practices in the conduct of commerce, also
provides remedies for tenants of residential property.
,Answer: Pennsylvania Consumer Protection Law
◉ Race, color, religion, national origin, sex, age (40 years old or
older), handicap, use of guide or support animals due to a handicap
or disability, or familial status, are all protected under what Act?
Answer: All persons must have access to housing of their choice
under the Pennsylvania Human Relations Act
◉ Legal forms of ownership in PA
Answer: In Severality or concurrently as Joint Tenents or Tenents in
Common, if married as Tenants in the Entireties. In addition,
corporations and partnerships can hold title, and title can be held in
trust
◉ When two or more new owners acquire title to a parcel of real
estate and the deed does not stipulate the tenancy, they acquire title,
by operation or rule of law, as tenants in common. But if the
conveyance is made to a husband and wife with no further
explanation, in Pennsylvania a tenancy by the entirety is created
Answer: Co-Ownership
◉ A special form of joint tenancy between husband and wife that is
recognized in Pennsylvania. Each spouse has an equal, undivided
interest in the property.
Answer: Tenancy by the Entirety
, ◉ Under common law, a partnership is not a legal entity and
technically cannot own real estate. Individual partners must hold
title as tenants in common or joint tenants. However, in states that
have adopted the Uniform Partnership Act, including Pennsylvania, a
partnership is recognized as a legal entity and can hold title in the
partnership's name. Similarly, under the Uniform Limited
Partnership Act, a limited partnership is recognized as a legal entity
that can hold title to property in the limited partnership's name.
Profits and losses are passed through the partnership to each
partner, whose individual tax situation determines the tax
consequences
Answer: Partnerships
◉ For Pennsylvania taxes, however, an LLC is treated as a
corporation but may be considered an S corporation if it meets the
requirements for this type of an organization.
Answer: Limited Liability Companies
◉ The state law adopted from the national model act that governs
the development and operation of condominiums. The law also
provides for certain disclosures to purchasers of condominium units
Answer: Pennsylvania Uniform Condominium Act
◉ Must be given to prospects at least 15 days before a sales contract
is signed. Must detail 22 caterogies of info. i.e, bylaws, R&R,
