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Exam (elaborations)

PA Real Estate Salesperson Exam - State Portion Exam Prep Questions and Answers (100% Pass)

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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; Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ (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 Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ 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

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Uploaded on
October 12, 2024
Number of pages
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Written in
2024/2025
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1 | P a g e | © copyright 2024/2025 | Grade A+




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;


Master01 | October, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+




(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




Master01 | October, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

✓ 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


Master01 | October, 2024/2025 | Latest update

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