PA STATE AND FEDERAL REAL
ESTATE EXAM 2025 |GUARANTEED
ACCURATE ANSWERS
License - ACCURATE ANSWERS✔✔ Official permission to do a
particular thing that the law does not allow everyone to do. Revocable
non assignable permission to enter another person's land for a particular
purpose.
Ethics - ACCURATE ANSWERS✔✔ The fundamental principles of
honesty and the integrity that guide a person's behavior.
Real Estate Recovery Fund - ACCURATE ANSWERS✔✔ Benefits
damaged consumers who have obtained final judgements by the courts
but are unable to collect them. Consumers must have exhausted all legal
remedies before requesting assistance from the real estate commission
and the real estate recovery fund.
Administrator - ACCURATE ANSWERS✔✔ The person appointed by
the court to handle the estate of someone who died without a will, with a
will but no nominated executor or the executor named in the will has
died has been removed from the case or does not desire to serve.
Sometimes called a person.
Agent - ACCURATE ANSWERS✔✔ Anyone who is authorized to act
on the behalf of someone else
,Broker - ACCURATE ANSWERS✔✔ One who is licensed to represent
another person in a real estate transaction with intent to receive
compensation or valuable consideration.
Associate Broker - ACCURATE ANSWERS✔✔ A licensed broker who
works for another broker
commission - ACCURATE ANSWERS✔✔ the state real estate
commission is responsible for carrying out the requirements set forth in
real estate licensing and registration act
cemetery - ACCURATE ANSWERS✔✔ a place for the disposal or
burial of deceased human beings by cremation or in a grave mausoleum,
vault, columbarium or other receptacle, but the term does not include a
private family cemetery
commission - ACCURATE ANSWERS✔✔ the state real estate
commission is responsible for carrying out the requirements set forth in
real estate licensing and registration act
fsbo - ACCURATE ANSWERS✔✔ an attempt to sell on'e own property
without listing it with a real estate broker
reciprocity - ACCURATE ANSWERS✔✔ a mutual exchange of
privileges, such recognizing a license issued in one jurisdiction in
another jurisdiction
,salesperson - ACCURATE ANSWERS✔✔ an individual licensee
associated with a broker who may perform most of the acts of a broker
but cannot work independently of that broker
redlining - ACCURATE ANSWERS✔✔ when a lender refuses to make
loans secured by property in a certain neighborhood because of the racial
or ethnic position of the neighborhood
discrimination - ACCURATE ANSWERS✔✔ treating people unequally
because of their religion sex origin, age or other characteristics of a
protected class in violation of civil rights laws
steering - ACCURATE ANSWERS✔✔ channeling prospective buyers
or tenants to particular neieghborhoods based on their race religion
origin or ancestry
injunction - ACCURATE ANSWERS✔✔ a court order prohibiting an
act or compelling an act to be done
Ordinance - ACCURATE ANSWERS✔✔ a law passed by a local
legislative body
liable - ACCURATE ANSWERS✔✔ legally responsible
real property - ACCURATE ANSWERS✔✔ the interests benefits and
rights inherent in the ownership of real estate
, Exclusionary Zoning - ACCURATE ANSWERS✔✔ A zoning law that
effectively prevents certain groups from living in a community
Checker - ACCURATE ANSWERS✔✔ A person working with a fair
housing org who pretends to be interested in buying or renting property
from someone suspected of unlawful discrimination
Affirmative action - ACCURATE ANSWERS✔✔ a policy or a program
that sought to redress past discrimination through active measures to
ensure equal opportunity
Civil penalties - ACCURATE ANSWERS✔✔ When a government body
seeks financial compensation for damages
Blockbusting - ACCURATE ANSWERS✔✔ The illegal practice of
inducing owners to see their homes by suggesting the ethnic or racial
composition of the neighborhood is changing, with the implication that
property values will decline as a result. Also called panic selling.
Civil Rights - ACCURATE ANSWERS✔✔ Fundamental rights
guaranteed to all persons by the law. Term is primarily used In reference
to constitutional and statutory protections against discrimination based
on race religion sex or origin.
Coercion - ACCURATE ANSWERS✔✔ The practice of compelling a
person to involuntarily behave in a certain way (whether through action
ESTATE EXAM 2025 |GUARANTEED
ACCURATE ANSWERS
License - ACCURATE ANSWERS✔✔ Official permission to do a
particular thing that the law does not allow everyone to do. Revocable
non assignable permission to enter another person's land for a particular
purpose.
Ethics - ACCURATE ANSWERS✔✔ The fundamental principles of
honesty and the integrity that guide a person's behavior.
Real Estate Recovery Fund - ACCURATE ANSWERS✔✔ Benefits
damaged consumers who have obtained final judgements by the courts
but are unable to collect them. Consumers must have exhausted all legal
remedies before requesting assistance from the real estate commission
and the real estate recovery fund.
Administrator - ACCURATE ANSWERS✔✔ The person appointed by
the court to handle the estate of someone who died without a will, with a
will but no nominated executor or the executor named in the will has
died has been removed from the case or does not desire to serve.
Sometimes called a person.
Agent - ACCURATE ANSWERS✔✔ Anyone who is authorized to act
on the behalf of someone else
,Broker - ACCURATE ANSWERS✔✔ One who is licensed to represent
another person in a real estate transaction with intent to receive
compensation or valuable consideration.
Associate Broker - ACCURATE ANSWERS✔✔ A licensed broker who
works for another broker
commission - ACCURATE ANSWERS✔✔ the state real estate
commission is responsible for carrying out the requirements set forth in
real estate licensing and registration act
cemetery - ACCURATE ANSWERS✔✔ a place for the disposal or
burial of deceased human beings by cremation or in a grave mausoleum,
vault, columbarium or other receptacle, but the term does not include a
private family cemetery
commission - ACCURATE ANSWERS✔✔ the state real estate
commission is responsible for carrying out the requirements set forth in
real estate licensing and registration act
fsbo - ACCURATE ANSWERS✔✔ an attempt to sell on'e own property
without listing it with a real estate broker
reciprocity - ACCURATE ANSWERS✔✔ a mutual exchange of
privileges, such recognizing a license issued in one jurisdiction in
another jurisdiction
,salesperson - ACCURATE ANSWERS✔✔ an individual licensee
associated with a broker who may perform most of the acts of a broker
but cannot work independently of that broker
redlining - ACCURATE ANSWERS✔✔ when a lender refuses to make
loans secured by property in a certain neighborhood because of the racial
or ethnic position of the neighborhood
discrimination - ACCURATE ANSWERS✔✔ treating people unequally
because of their religion sex origin, age or other characteristics of a
protected class in violation of civil rights laws
steering - ACCURATE ANSWERS✔✔ channeling prospective buyers
or tenants to particular neieghborhoods based on their race religion
origin or ancestry
injunction - ACCURATE ANSWERS✔✔ a court order prohibiting an
act or compelling an act to be done
Ordinance - ACCURATE ANSWERS✔✔ a law passed by a local
legislative body
liable - ACCURATE ANSWERS✔✔ legally responsible
real property - ACCURATE ANSWERS✔✔ the interests benefits and
rights inherent in the ownership of real estate
, Exclusionary Zoning - ACCURATE ANSWERS✔✔ A zoning law that
effectively prevents certain groups from living in a community
Checker - ACCURATE ANSWERS✔✔ A person working with a fair
housing org who pretends to be interested in buying or renting property
from someone suspected of unlawful discrimination
Affirmative action - ACCURATE ANSWERS✔✔ a policy or a program
that sought to redress past discrimination through active measures to
ensure equal opportunity
Civil penalties - ACCURATE ANSWERS✔✔ When a government body
seeks financial compensation for damages
Blockbusting - ACCURATE ANSWERS✔✔ The illegal practice of
inducing owners to see their homes by suggesting the ethnic or racial
composition of the neighborhood is changing, with the implication that
property values will decline as a result. Also called panic selling.
Civil Rights - ACCURATE ANSWERS✔✔ Fundamental rights
guaranteed to all persons by the law. Term is primarily used In reference
to constitutional and statutory protections against discrimination based
on race religion sex or origin.
Coercion - ACCURATE ANSWERS✔✔ The practice of compelling a
person to involuntarily behave in a certain way (whether through action
