REB PA REAL ESTATE BROKER – QUESTIONS AND ANSWERS | VERIFIED AND
WELL DETAILED ANSWERS | PLUS RATIONALES | GUARANTEED PASS | LATEST
EXAM UPDATE
Core Domains:
Real Estate Practice and Brokerage Management
Pennsylvania Real Estate Licensing Law and Commission Regulations
Contracts, Conveyancing, and Property Law
Real Estate Finance, Valuation, and Economics
Fair Housing, Civil Rights, and Ethical Conduct
Property Management, Landlord-Tenant Relations, and Environmental Issues
This comprehensive examination is designed to rigorously evaluate the candidate's
mastery of advanced real estate principles, state-specific statutes, and professional
competency required for licensure. The assessment measures a candidate's applied
professional knowledge, analytical reasoning, and ability to navigate complex legal,
financial, and ethical obligations in real-world transactions. Featuring a robust combination
of direct knowledge inquiries and intricate scenario-based challenges, the test emphasizes
practical application, sound decision-making, and regulatory compliance. Candidates must
demonstrate critical thinking across all core competencies to ensure consumer protection
and uphold the highest standards of professional practice within the industry.
Section One: Questions 1–100
,A real estate broker in Pennsylvania maintains an escrow account for earnest money
deposits. According to the Real Estate Licensing and Registration Act (RELRA),
within what timeframe must the broker deposit these funds into the escrow account
after receipt, unless otherwise agreed upon in writing by all parties?
A. Within 24 hours of receipt
B. By the end of the next business day
C. Within five days of final contract execution
D. By the end of the next banking day following final acceptance of the agreement of
sale
🟢 D. By the end of the next banking day following final acceptance of the
agreement of sale
🔴 Explanation: Pennsylvania RELRA mandates that escrow funds received by a
broker must be deposited by the end of the next banking day following final
acceptance of the agreement of sale, unless all parties provide explicit written
instructions to the contrary.
Which of the following tenancies features the right of survivorship and requires the
four unities of time, title, interest, and possession?
A. Tenancy in common
B. Tenancy by the entirety
C. Joint tenancy
D. Tenancy at sufferance
🟢 C. Joint tenancy
🔴 Explanation: Joint tenancy requires the four unities (time, title, interest, and
possession) and inherently includes the right of survivorship, meaning a deceased
co-owner's interest passes automatically to the surviving joint tenants.
,A property is sold, and the seller agrees to finance a portion of the purchase price,
retaining a lien on the property until the debt is fully paid. What type of document is
typically executed in this transaction?
A. Quitclaim deed
B. Mortgage or installment land contract
C. Mechanic's lien
D. General warranty deed
🟢 B. Mortgage or installment land contract
🔴 Explanation: A mortgage or an installment land contract (contract for deed) is
used when the seller extends financing to the buyer, securing the debt with an
encumbrance on the real property until full satisfaction of the loan terms.
Under Pennsylvania law, when must a licensee present the Consumer Notice to a
prospective consumer in a real estate transaction?
A. At the time of closing
B. Upon the initial interview where a substantive discussion about real estate needs
occurs
C. Only after an agreement of sale is signed
D. When the property is first listed on the multiple listing service
🟢 B. Upon the initial interview where a substantive discussion about real estate
needs occurs
🔴 Explanation: RELRA requires licensees to provide the Consumer Notice at the
initial interview where substantive discussion regarding real estate needs takes
place, ensuring consumers understand agency relationships early in the interaction.
, An appraiser using the market data (sales comparison) approach adjusts a
comparable property because it has an extra bathroom compared to the subject
property. How is this adjustment applied?
A. Add the value of the bathroom to the subject property
B. Subtract the value of the bathroom from the comparable property
C. Subtract the value of the bathroom from the subject property
D. Add the value of the bathroom to the comparable property
🟢 B. Subtract the value of the bathroom from the comparable property
🔴 Explanation: In the sales comparison approach, if the comparable property is
superior to the subject property (has more features), its sale price is adjusted
downward to match the subject property.
Which federal legislation prohibits discrimination in housing based on race, color,
religion, sex, familial status, national origin, and disability?
A. Truth in Lending Act
B. Real Estate Settlement Procedures Act
C. Fair Housing Act of 1968 (as amended)
D. Equal Credit Opportunity Act
🟢 C. Fair Housing Act of 1968 (as amended)
🔴 Explanation: The Fair Housing Act (Title VIII of the Civil Rights Act of 1968),
along with its 1974 and 1988 amendments, prohibits discrimination in housing and
housing-related transactions based on the seven protected classes.
A broker decides to place a "For Sale" sign on a property without the owner's written
consent. This action violates which of the following?
A. The Statute of Frauds
WELL DETAILED ANSWERS | PLUS RATIONALES | GUARANTEED PASS | LATEST
EXAM UPDATE
Core Domains:
Real Estate Practice and Brokerage Management
Pennsylvania Real Estate Licensing Law and Commission Regulations
Contracts, Conveyancing, and Property Law
Real Estate Finance, Valuation, and Economics
Fair Housing, Civil Rights, and Ethical Conduct
Property Management, Landlord-Tenant Relations, and Environmental Issues
This comprehensive examination is designed to rigorously evaluate the candidate's
mastery of advanced real estate principles, state-specific statutes, and professional
competency required for licensure. The assessment measures a candidate's applied
professional knowledge, analytical reasoning, and ability to navigate complex legal,
financial, and ethical obligations in real-world transactions. Featuring a robust combination
of direct knowledge inquiries and intricate scenario-based challenges, the test emphasizes
practical application, sound decision-making, and regulatory compliance. Candidates must
demonstrate critical thinking across all core competencies to ensure consumer protection
and uphold the highest standards of professional practice within the industry.
Section One: Questions 1–100
,A real estate broker in Pennsylvania maintains an escrow account for earnest money
deposits. According to the Real Estate Licensing and Registration Act (RELRA),
within what timeframe must the broker deposit these funds into the escrow account
after receipt, unless otherwise agreed upon in writing by all parties?
A. Within 24 hours of receipt
B. By the end of the next business day
C. Within five days of final contract execution
D. By the end of the next banking day following final acceptance of the agreement of
sale
🟢 D. By the end of the next banking day following final acceptance of the
agreement of sale
🔴 Explanation: Pennsylvania RELRA mandates that escrow funds received by a
broker must be deposited by the end of the next banking day following final
acceptance of the agreement of sale, unless all parties provide explicit written
instructions to the contrary.
Which of the following tenancies features the right of survivorship and requires the
four unities of time, title, interest, and possession?
A. Tenancy in common
B. Tenancy by the entirety
C. Joint tenancy
D. Tenancy at sufferance
🟢 C. Joint tenancy
🔴 Explanation: Joint tenancy requires the four unities (time, title, interest, and
possession) and inherently includes the right of survivorship, meaning a deceased
co-owner's interest passes automatically to the surviving joint tenants.
,A property is sold, and the seller agrees to finance a portion of the purchase price,
retaining a lien on the property until the debt is fully paid. What type of document is
typically executed in this transaction?
A. Quitclaim deed
B. Mortgage or installment land contract
C. Mechanic's lien
D. General warranty deed
🟢 B. Mortgage or installment land contract
🔴 Explanation: A mortgage or an installment land contract (contract for deed) is
used when the seller extends financing to the buyer, securing the debt with an
encumbrance on the real property until full satisfaction of the loan terms.
Under Pennsylvania law, when must a licensee present the Consumer Notice to a
prospective consumer in a real estate transaction?
A. At the time of closing
B. Upon the initial interview where a substantive discussion about real estate needs
occurs
C. Only after an agreement of sale is signed
D. When the property is first listed on the multiple listing service
🟢 B. Upon the initial interview where a substantive discussion about real estate
needs occurs
🔴 Explanation: RELRA requires licensees to provide the Consumer Notice at the
initial interview where substantive discussion regarding real estate needs takes
place, ensuring consumers understand agency relationships early in the interaction.
, An appraiser using the market data (sales comparison) approach adjusts a
comparable property because it has an extra bathroom compared to the subject
property. How is this adjustment applied?
A. Add the value of the bathroom to the subject property
B. Subtract the value of the bathroom from the comparable property
C. Subtract the value of the bathroom from the subject property
D. Add the value of the bathroom to the comparable property
🟢 B. Subtract the value of the bathroom from the comparable property
🔴 Explanation: In the sales comparison approach, if the comparable property is
superior to the subject property (has more features), its sale price is adjusted
downward to match the subject property.
Which federal legislation prohibits discrimination in housing based on race, color,
religion, sex, familial status, national origin, and disability?
A. Truth in Lending Act
B. Real Estate Settlement Procedures Act
C. Fair Housing Act of 1968 (as amended)
D. Equal Credit Opportunity Act
🟢 C. Fair Housing Act of 1968 (as amended)
🔴 Explanation: The Fair Housing Act (Title VIII of the Civil Rights Act of 1968),
along with its 1974 and 1988 amendments, prohibits discrimination in housing and
housing-related transactions based on the seven protected classes.
A broker decides to place a "For Sale" sign on a property without the owner's written
consent. This action violates which of the following?
A. The Statute of Frauds
