PA Real Estate Salesperson Exam -
State Portion Exam Prep Questions
and Answers (100% Pass)
AGENCY RELATIONSHIP
✓ A relationship whereby the broker or licensees in the employ of the
broker act as fiduciaries for a consumer of real estate services by the
express authority of the consumer of real estate services.
ASSOCIATE BROKER
✓ A broker employed by another broker.
BROKER
✓ Any person who, for another and for a fee, commission or other
valuable consideration:
(1) negotiates with or aids any person in locating or obtaining for purchase,
lease or an acquisition of interest in any real estate;
(2) negotiates the listing, sale, purchase, exchange, lease, time share and
similarly designated interests, financing or option for any real estate;
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(3) manages any real estate;
(4) represents himself to be a real estate consultant, counselor, agent or
finder;
(5) undertakes to promote the sale, exchange, purchase or rental of real
estate: Provided, however, That this provision shall not include any person
whose main business is that of advertising, promotion or public relations;
(5.1) undertakes to perform a comparative market analysis; or
(6) attempts to perform any of the above acts.
BUILDER-OWNER SALESPERSON
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✓ Any person who is a full-time employee of a builder-owner of single
and multifamily dwellings located within the Commonwealth and as
such employee shall be authorized and empowered to list for sale, sell
or offer for sale, or to negotiate the sale or exchange of real estate, or
to lease or rent, or offer to lease, rent or place for rent, any real estate
owned by his builder-owner employer, or collect or offer, or attempt to
collect, rent for the use of real estate owned by his builder-owner
employer, for and on behalf of such builder-owner employer.
BUYER AGENT
✓ Any licensee who has entered into an agency relationship with a
consumer buyer of real estate.
CAMPGROUND MEMBERSHIP
✓ An interest, other than in fee simple or by lease, which gives the
purchaser the right to use a unit of real property for the purpose of
locating a recreational vehicle, trailer, tent, tent trailer, pickup camper
or other similar device on a periodic basis pursuant to a membership
contract allocating use and occupancy rights between other similar
users.
CAMPGROUND MEMBERSHIP SALESPERSON
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