PA real estate state portion
A dealer advertised that in the year, his company had $ninety two,000,000 of quantity. Upon
investigation, his facts indicated that he listed $92,000,000 of actual property however closed
best $27,000,000. This is an example of
a. Untruthful or misleading statements in marketing
b. Puffing
c. A valid commercial if the municipality that compares the "market" is unique
d. A legal associated with the profession - ANS-b. Puffing
A licensee has been located to have committed acts prohibited by way of the license law. Which
of the subsequent is the maximum penalty that the Pennsylvania actual property Commission
can impose on that licensee?
A. License revocation and in order to return the competition payment acquired
b. License revocation and as a way to carry out network provider
c. License revocation and imprisonment of no more than one yr
d. License revocation and a fine - ANS-d. License revocation and a great
A licensee meets with a pair to discuss list their domestic, and the couple end the meeting via
signing a list agreement. State law REQUIRES that the couple get hold of a duplicate of the
settlement
A - on the time of execution.
B - after the licensee obtains his employing broker's signature.
C - after the cancellation length has expired.
D - within 5 commercial enterprise days from the time the agreement was signed. - ANS-A - at
the time of execution.
A licensee representing a customer MUST tell the listing broker or the seller of the brokerage
dating
A. At the first contract
B. When an offer is written
C. Through addendum to the offer
D. At the side of discussing the provide - ANS-D. Along with discussing the offer
A licensee representing a dealer secured a signed settlement and not using a contingencies.
Shortly earlier than the scheduled closing, every other offer properly above the asking rate but
with essential contingencies became supplied. Unless directed in any other case in writing
through the seller, the licensee with the original contract should
a. Tell the cooperating dealer that the assets is underneath agreement and now not open to
further offers, mainly those with main contingencies
, b. Directly present the brand new offer to the vendor, give an explanation for to them their
obligations, and endorse legal recommend
c. Ignore the offer but try to interest the cooperating broking in a similar assets indexed with the
aid of the company
d. Provide an explanation for to the brand new provide or that the belongings is sold and that
cooperating broker need to have read extra carefully the listing companies.. - ANS-d. Give an
explanation for to the new offer or that the belongings is offered and that cooperating broker
need to have study more cautiously the listing companies..
A licensee violates PA actual property license regulation by using
a. Accepting a bonus from the licensee's broking for exceeding a selected income volume
b. Encouraging a dealer to have property appraised which will aid the list charge
c. Rebating a portion of his fee without notifying the principals
d. Pricing a property more than 10% above the similar market evaluation - ANS-c. Rebating a
portion of his fee with out notifying the principals
A listing dealer receives a suggestion secured by means of another firm. The offer is poorly
written and is on an old shape. The listing broker
A. Can refuse to give the offer to the seller
B. Can demand that the offer be rewritten
C. Have to present the provide to the seller
D. Can reject the offer - ANS-B. Can call for that the offer be rewritten
A actual estate licensee may be disciplined by way of the Pennsylvania real property fee for
which of the subsequent motives?
A. Inability to attain vehicle liability coverage
B. Recurring intoxication or drug addiction
C. Nonpayment of federal earnings taxes
D. Any felony conviction - ANS-D. Any legal conviction
A salesclerk is preparing instructions for an open residence advertisement. There are numerous
landmarks that human beings may want to understand, which includes a Catholic Cemetery, a
Polish social club, and a Funeral Home with a white fence surrounding the parking lot.
According to the Pennsylvania human members of the family Commission marketing
suggestions, which if any of those landmarks could be used within the commercial?
A. None
b. Cemetery
c. Social membership
d. Funeral Home - ANS-c. Social membership
A salesclerk owns a residence and wishes to sell it without list it. Under Pennsylvania license
regulation, the shop clerk MUST
A. Listing the property with his firm
B. Divulge in all marketing that the owner of the property is a actual property licensee
A dealer advertised that in the year, his company had $ninety two,000,000 of quantity. Upon
investigation, his facts indicated that he listed $92,000,000 of actual property however closed
best $27,000,000. This is an example of
a. Untruthful or misleading statements in marketing
b. Puffing
c. A valid commercial if the municipality that compares the "market" is unique
d. A legal associated with the profession - ANS-b. Puffing
A licensee has been located to have committed acts prohibited by way of the license law. Which
of the subsequent is the maximum penalty that the Pennsylvania actual property Commission
can impose on that licensee?
A. License revocation and in order to return the competition payment acquired
b. License revocation and as a way to carry out network provider
c. License revocation and imprisonment of no more than one yr
d. License revocation and a fine - ANS-d. License revocation and a great
A licensee meets with a pair to discuss list their domestic, and the couple end the meeting via
signing a list agreement. State law REQUIRES that the couple get hold of a duplicate of the
settlement
A - on the time of execution.
B - after the licensee obtains his employing broker's signature.
C - after the cancellation length has expired.
D - within 5 commercial enterprise days from the time the agreement was signed. - ANS-A - at
the time of execution.
A licensee representing a customer MUST tell the listing broker or the seller of the brokerage
dating
A. At the first contract
B. When an offer is written
C. Through addendum to the offer
D. At the side of discussing the provide - ANS-D. Along with discussing the offer
A licensee representing a dealer secured a signed settlement and not using a contingencies.
Shortly earlier than the scheduled closing, every other offer properly above the asking rate but
with essential contingencies became supplied. Unless directed in any other case in writing
through the seller, the licensee with the original contract should
a. Tell the cooperating dealer that the assets is underneath agreement and now not open to
further offers, mainly those with main contingencies
, b. Directly present the brand new offer to the vendor, give an explanation for to them their
obligations, and endorse legal recommend
c. Ignore the offer but try to interest the cooperating broking in a similar assets indexed with the
aid of the company
d. Provide an explanation for to the brand new provide or that the belongings is sold and that
cooperating broker need to have read extra carefully the listing companies.. - ANS-d. Give an
explanation for to the new offer or that the belongings is offered and that cooperating broker
need to have study more cautiously the listing companies..
A licensee violates PA actual property license regulation by using
a. Accepting a bonus from the licensee's broking for exceeding a selected income volume
b. Encouraging a dealer to have property appraised which will aid the list charge
c. Rebating a portion of his fee without notifying the principals
d. Pricing a property more than 10% above the similar market evaluation - ANS-c. Rebating a
portion of his fee with out notifying the principals
A listing dealer receives a suggestion secured by means of another firm. The offer is poorly
written and is on an old shape. The listing broker
A. Can refuse to give the offer to the seller
B. Can demand that the offer be rewritten
C. Have to present the provide to the seller
D. Can reject the offer - ANS-B. Can call for that the offer be rewritten
A actual estate licensee may be disciplined by way of the Pennsylvania real property fee for
which of the subsequent motives?
A. Inability to attain vehicle liability coverage
B. Recurring intoxication or drug addiction
C. Nonpayment of federal earnings taxes
D. Any felony conviction - ANS-D. Any legal conviction
A salesclerk is preparing instructions for an open residence advertisement. There are numerous
landmarks that human beings may want to understand, which includes a Catholic Cemetery, a
Polish social club, and a Funeral Home with a white fence surrounding the parking lot.
According to the Pennsylvania human members of the family Commission marketing
suggestions, which if any of those landmarks could be used within the commercial?
A. None
b. Cemetery
c. Social membership
d. Funeral Home - ANS-c. Social membership
A salesclerk owns a residence and wishes to sell it without list it. Under Pennsylvania license
regulation, the shop clerk MUST
A. Listing the property with his firm
B. Divulge in all marketing that the owner of the property is a actual property licensee
