Puerto Rico Real Estate Salesperson Licensing Exam Practice Questions and Correct Answers

Puerto Rico Real Estate Salesperson Licensing Exam Practice
Questions and Correct Answers
Question 1: What law currently regulates the real estate brokerage industry in Puerto Rico?

A. Law 10 of 1994

B. Law 45 of 2013

C. Law 100 of 1959

D. Law 80 of 1976

CORRECT ANSWER: B. Law 45 of 2013

Rationale: Law 45 of 2013, known as the Real Estate Brokers and Salespersons Law, governs the
profession in Puerto Rico.



Question 2: Which government entity oversees the Real Estate Examining Board in Puerto Rico?

A. Department of Treasury

B. Department of State

C. Department of Justice

D. Department of Housing

CORRECT ANSWER: B. Department of State

Rationale: The Junta Examinadora operates under the administrative umbrella of the Puerto
Rico Department of State.



Question 3: What is the minimum age requirement to obtain a real estate salesperson license in
Puerto Rico?

A. 16 years old

B. 18 years old

C. 21 years old

D. 25 years old

,CORRECT ANSWER: B. 18 years old

Rationale: Applicants must be at least 18 years of age to qualify for a real estate license.



Question 4: What is the minimum educational requirement for a real estate salesperson
applicant?

A. Associate degree

B. High school diploma or equivalent

C. Bachelor's degree

D. Law degree

CORRECT ANSWER: B. High school diploma or equivalent

Rationale: A high school diploma or its recognized equivalent is the baseline educational
requirement.



Question 5: How many hours of pre-licensing education are required for a salesperson
applicant?

A. 30 hours

B. 60 hours

C. 90 hours

D. 120 hours

CORRECT ANSWER: C. 90 hours

Rationale: Applicants must complete 90 hours of approved real estate pre-licensing coursework.



Question 6: Who is legally authorized to hold a real estate trust account in Puerto Rico?

A. The salesperson

B. The broker

C. The notary public

D. The seller

,CORRECT ANSWER: B. The broker

Rationale: Only a licensed broker may open and maintain a trust account for client funds.



Question 7: What is the continuing education requirement for license renewal?

A. 10 hours every year

B. 20 hours every two years

C. 30 hours every three years

D. 40 hours every five years

CORRECT ANSWER: C. 30 hours every three years

Rationale: Licensees must complete 30 hours of continuing education per three-year renewal
cycle.



Question 8: Which license type allows an individual to operate their own real estate business
and supervise others?

A. Salesperson

B. Broker

C. Appraiser

D. Notary

CORRECT ANSWER: B. Broker

Rationale: A broker's license permits independent operation and the supervision of
salespersons.



Question 9: A salesperson in Puerto Rico must always act under the supervision of a:

A. Notary public

B. Licensed broker

C. Real estate appraiser

D. Mortgage broker

, CORRECT ANSWER: B. Licensed broker

Rationale: Salespersons cannot operate independently and must be supervised by a licensed
broker.



Question 10: What happens to a salesperson's license if their supervising broker's license is
revoked?

A. It remains active

B. It becomes inactive

C. It is automatically renewed

D. It transfers to another broker

CORRECT ANSWER: B. It becomes inactive

Rationale: A salesperson's license is tied to their broker; if the broker's license is revoked, the
salesperson's license becomes inactive.



Question 11: How long must a broker retain trust account records?

A. 2 years

B. 3 years

C. 5 years

D. 10 years

CORRECT ANSWER: C. 5 years

Rationale: Brokers must keep all trust account records and transaction files for at least five
years.



Question 12: Which of the following is grounds for disciplinary action by the Examining Board?

A. Charging a standard commission

B. Misrepresentation of property facts

C. Advertising a listed property