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Exam (elaborations)

PA Real Estate Salesperson Exam Practice Questions and Answers (100% Pass)

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When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 RELRA Real Estate Licensing and Registration Act; Pennsylvania law that oversees real estate licensees and created the State Real Estate Commission. RESPA Real Estate Settlement Procedures Act - requires special information booklet, requires good faith estimate, requires uniform settlement statement. Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ Requires lenders to provide greater amounts of info and also prohibits kickbacks What is one of the most important thing RELRA does? grant ruling- making and enforcement authority to the State Real Estate Commission What does the State Real Estate Commission function under? The Bureau of Professional and Occupational Affairs, which is part of the Pennsylvania Department of State Who amends RELRA? State Legislature Who creates rules and regulations for license holders? RELRA The law that created the State Real Estate Commission is... The Real Estate Licensing and Registration Act Master01 | October, 2024/2025 | Latest update 1 | P a g e | © copyright 2024/2025 | Grade A+ T/F: The State Real Estate Commission create standard contracts for real estate transactions False How many members are on the State Real Estate Commission in PA? 11

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




PA Real Estate Salesperson Exam
Practice Questions and Answers
(100% Pass)
When was RELRA originally passed in Pennsylvania?


✓ May of 1929




When was RELRA changed to a different name?


✓ 1980




RELRA


✓ Real Estate Licensing and Registration Act; Pennsylvania law that

oversees real estate licensees and created the State Real Estate

Commission.




RESPA


✓ Real Estate Settlement Procedures Act - requires special information

booklet, requires good faith estimate, requires uniform settlement

statement.




Master01 | October, 2024/2025 | Latest update

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

Requires lenders to provide greater amounts of info and also prohibits

kickbacks




What is one of the most important thing RELRA does?


✓ grant ruling- making and enforcement authority to the State Real

Estate Commission




What does the State Real Estate Commission function under?


✓ The Bureau of Professional and Occupational Affairs, which is part of

the Pennsylvania Department of State




Who amends RELRA?


✓ State Legislature




Who creates rules and regulations for license holders?


✓ RELRA




The law that created the State Real Estate Commission is...


✓ The Real Estate Licensing and Registration Act




Master01 | October, 2024/2025 | Latest update

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

T/F: The State Real Estate Commission create standard contracts for real

estate transactions


✓ False




How many members are on the State Real Estate Commission in PA?


✓ 11




Who is each member of the Commission appointed by in PA?


✓ The Governor




Who confirms who is appointed to be on the Commission?


✓ The State Senate




How many members of the public must be on the Commission?


✓ 3




How long is each term one must serve being part of the Commission?


✓ 5 years




your license can be inactive for how long until you need to retake the exam?



Master01 | October, 2024/2025 | Latest update

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