Real Estate Final Exam Practice (PA) Exam |
Questions and Answers| Latest 2026/ 2027
Update |100 out of 100 (Grade A)
Which of these correctly describes the Pennsylvania Real Estate Commission?
Eleven members, of whom five are licensed real estate brokers, three are members of the public,
and one is licensed as a cemetery broker.
What's the best description of the difference between a real estate salesperson and a real estate
broker?
A salesperson may only work under the supervision of a broker.
Which of the following describes a form of prohibited conduct for Pennsylvania real estate
licensees?
Neglecting to follow all rules for handling trust funds.
Why must applicants for a real estate license prove that they have a good reputation for honesty
and integrity?
The commission requires all licensees to be capable of safeguarding the interests of the public
when handling real estate transactions.
In Pennsylvania, when may a licensee act as a dual agent in a transaction?
After receiving the informed written consent of all parties to the transaction.
,Real Estate Final Exam Practice (PA) Exam |
Questions and Answers| Latest 2026/ 2027
Update |100 out of 100 (Grade A)
Which of these is NOT a requirement to obtain a standard license as a real estate broker in
Pennsylvania?
Be at least 25 years old
A listing broker shares the compensation paid by the seller with the buyer's broker. The plan to
share compensation was agreed to in writing by the seller. What's true about this situation?
The shared compensation didn't create an agency relationship between the seller and the buyer's
broker.
Which of these is a licensee's duty specific to acting as a seller's agent?
Acting in the seller's best interests
A Pennsylvania broker has listed a home in a nice neighborhood where home values have been
on the rise. His advertisement for the property reads "Guaranteed to double in value within the
next three years!". What's true about this advertisement?
The guarantee of a future rise in value is misleading and is therefore a form of prohibited
conduct.
Prudence is a broker who employs 25 affiliated licensees. To whom may she pay compensation
for activities requiring a license?
Her own affiliated licensees or another broker.
, Real Estate Final Exam Practice (PA) Exam |
Questions and Answers| Latest 2026/ 2027
Update |100 out of 100 (Grade A)
A listing broker pays a cooperating broker in a transaction. What's true about this situation?
The payment does NOT create an agency relationship between the seller and the cooperating
broker.
Which of these is NOT a duty that licensees owe to all consumers of real estate services?
To maintain the consumer's confidential information unless it's a material fact requiring
disclosure
Which of these actions is required of all licensees assisting consumers with real estate services?
Advise the consumer about compliance with laws pertaining to real estate transactions without
rendering legal advice.
Pennsylvania broker Titus has six associated licensees. How does the commission view his
responsibility for the actions of those licensees?
He's required to supervise them sufficiently to ensure that they follow all laws and rules that
regulate licensee behavior.
Acting as a dual agent in a Pennsylvania real estate transaction is...?
Legal only when the parties to the transaction first give written informed consent
Matt's seller client Sheree tells him that a former friend of hers, Kim, has always wanted to buy
her home and would probably pay any amount for it, but Sheree would rather die than sell it to
Questions and Answers| Latest 2026/ 2027
Update |100 out of 100 (Grade A)
Which of these correctly describes the Pennsylvania Real Estate Commission?
Eleven members, of whom five are licensed real estate brokers, three are members of the public,
and one is licensed as a cemetery broker.
What's the best description of the difference between a real estate salesperson and a real estate
broker?
A salesperson may only work under the supervision of a broker.
Which of the following describes a form of prohibited conduct for Pennsylvania real estate
licensees?
Neglecting to follow all rules for handling trust funds.
Why must applicants for a real estate license prove that they have a good reputation for honesty
and integrity?
The commission requires all licensees to be capable of safeguarding the interests of the public
when handling real estate transactions.
In Pennsylvania, when may a licensee act as a dual agent in a transaction?
After receiving the informed written consent of all parties to the transaction.
,Real Estate Final Exam Practice (PA) Exam |
Questions and Answers| Latest 2026/ 2027
Update |100 out of 100 (Grade A)
Which of these is NOT a requirement to obtain a standard license as a real estate broker in
Pennsylvania?
Be at least 25 years old
A listing broker shares the compensation paid by the seller with the buyer's broker. The plan to
share compensation was agreed to in writing by the seller. What's true about this situation?
The shared compensation didn't create an agency relationship between the seller and the buyer's
broker.
Which of these is a licensee's duty specific to acting as a seller's agent?
Acting in the seller's best interests
A Pennsylvania broker has listed a home in a nice neighborhood where home values have been
on the rise. His advertisement for the property reads "Guaranteed to double in value within the
next three years!". What's true about this advertisement?
The guarantee of a future rise in value is misleading and is therefore a form of prohibited
conduct.
Prudence is a broker who employs 25 affiliated licensees. To whom may she pay compensation
for activities requiring a license?
Her own affiliated licensees or another broker.
, Real Estate Final Exam Practice (PA) Exam |
Questions and Answers| Latest 2026/ 2027
Update |100 out of 100 (Grade A)
A listing broker pays a cooperating broker in a transaction. What's true about this situation?
The payment does NOT create an agency relationship between the seller and the cooperating
broker.
Which of these is NOT a duty that licensees owe to all consumers of real estate services?
To maintain the consumer's confidential information unless it's a material fact requiring
disclosure
Which of these actions is required of all licensees assisting consumers with real estate services?
Advise the consumer about compliance with laws pertaining to real estate transactions without
rendering legal advice.
Pennsylvania broker Titus has six associated licensees. How does the commission view his
responsibility for the actions of those licensees?
He's required to supervise them sufficiently to ensure that they follow all laws and rules that
regulate licensee behavior.
Acting as a dual agent in a Pennsylvania real estate transaction is...?
Legal only when the parties to the transaction first give written informed consent
Matt's seller client Sheree tells him that a former friend of hers, Kim, has always wanted to buy
her home and would probably pay any amount for it, but Sheree would rather die than sell it to
