PA State Salesperson Test Exam QUESTIONS AND CORRECT
ANSWERS 2025/2026 (VERIFIED ANSWERS) ALREADY GRADED
A+ / NEWEST EXAM!!!
The PA real estate commission may undertake an investigation of a
licensee based on all of the following EXCEPT - ANSWERS-A random
selection of licensees currently active.
An individual is found guilty of engaging in business as a broker or
salesperson without being properly licensed. The penalty for the 1st
offense includes a fine of up to - ANSWERS-$500, imprisonment for a
maximum of 3 months, or both.
A rental listing referral agent is an individual or agency that - ANSWERS-
owns or manages a business which collects rental information for the
purpose of referring prospective tenants to rental units or locations of rental
units. This does not include employee of public housing authority.
How long must a real estate broker keep records relating to real estate
transactions? - ANSWERS-Three years following consummation of the
transaction.
The PA Real Estate Commission has the authority to - ANSWERS-make
and enforce the rules by which all real estate licensees must abide.
The PA Real Estate Commission may undertake an investigation of a
licensee based on all of the following EXCEPT - ANSWERS-a random
,selection of licensees currently still active. The commission may not
investigate a random selection of licensees. The real estate commission
may commence/begin an investigation of a licensees conduct upon its own
motion as well as upon receipt of a verified complaint in writing from a
consumer.
The PA real estate commission has statutory authority to perform all of the
following duties except - ANSWERS-issue licenses and registration
certificates to persons who comply with provisions established by the
license law. The PA does not have authority to issue licenses. Licenses are
issued by the Department of State.
Who of the following is subject to disciplinary action by the PA real estate
commission? - ANSWERS-Campground membership salesperson
A couple signed a purchase agreement for a timeshare. Under what
circumstances may they void the contract? - ANSWERS-The couple may
cancel the purchase agreement until midnight of the fifth day following the
purchase of timeshare, and they may keep gifts received from looking at
timeshare.
The maximum compensation that will be paid from the real estate recovery
fund to satisfy claims against a licensee is - ANSWERS-$100,000.
The term broker includes in its definition all of the following activities except
- ANSWERS-appraising real estate. A broker may manage real estate, do a
, CMA, and be a real estate consultant or counselor but appraisal activities
are regulated by the State Board of certified real estate appraisers.
When a person obtains a final judgement against a licensee and seeks
payment from the real estate recovery fund, what is the timeframe for
making application for payment from the fund? - ANSWERS-No more than
1 year after termination of the proceedings, including reviews and appeals,
in connection with the judgement.
In order to qualify for examination as a broker, the candidate must -
ANSWERS-be a high school graduate or have passed a high school GED
equivalency.
While negotiating terms of a listing contract with a seller, the seller
suggests a listing price significantly below what the salesperson believes
the property would sell for in the open market. What is the best course of
action for the licensee to follow? - ANSWERS-Disclose the salesperson's
professional opinion of value and recommend that the property be listed at
market value.
An unlicensed salesperson negotiated the sale of real estate in return for
compensation. After the transaction closes, the salesperson encounters
difficulty collecting the agreed fee. In this situation, the salesperson may -
ANSWERS-do nothing to recover the agreed compensation.
Real estate licensing is required in order to engage in - ANSWERS-the sale
of time-share intersts.
ANSWERS 2025/2026 (VERIFIED ANSWERS) ALREADY GRADED
A+ / NEWEST EXAM!!!
The PA real estate commission may undertake an investigation of a
licensee based on all of the following EXCEPT - ANSWERS-A random
selection of licensees currently active.
An individual is found guilty of engaging in business as a broker or
salesperson without being properly licensed. The penalty for the 1st
offense includes a fine of up to - ANSWERS-$500, imprisonment for a
maximum of 3 months, or both.
A rental listing referral agent is an individual or agency that - ANSWERS-
owns or manages a business which collects rental information for the
purpose of referring prospective tenants to rental units or locations of rental
units. This does not include employee of public housing authority.
How long must a real estate broker keep records relating to real estate
transactions? - ANSWERS-Three years following consummation of the
transaction.
The PA Real Estate Commission has the authority to - ANSWERS-make
and enforce the rules by which all real estate licensees must abide.
The PA Real Estate Commission may undertake an investigation of a
licensee based on all of the following EXCEPT - ANSWERS-a random
,selection of licensees currently still active. The commission may not
investigate a random selection of licensees. The real estate commission
may commence/begin an investigation of a licensees conduct upon its own
motion as well as upon receipt of a verified complaint in writing from a
consumer.
The PA real estate commission has statutory authority to perform all of the
following duties except - ANSWERS-issue licenses and registration
certificates to persons who comply with provisions established by the
license law. The PA does not have authority to issue licenses. Licenses are
issued by the Department of State.
Who of the following is subject to disciplinary action by the PA real estate
commission? - ANSWERS-Campground membership salesperson
A couple signed a purchase agreement for a timeshare. Under what
circumstances may they void the contract? - ANSWERS-The couple may
cancel the purchase agreement until midnight of the fifth day following the
purchase of timeshare, and they may keep gifts received from looking at
timeshare.
The maximum compensation that will be paid from the real estate recovery
fund to satisfy claims against a licensee is - ANSWERS-$100,000.
The term broker includes in its definition all of the following activities except
- ANSWERS-appraising real estate. A broker may manage real estate, do a
, CMA, and be a real estate consultant or counselor but appraisal activities
are regulated by the State Board of certified real estate appraisers.
When a person obtains a final judgement against a licensee and seeks
payment from the real estate recovery fund, what is the timeframe for
making application for payment from the fund? - ANSWERS-No more than
1 year after termination of the proceedings, including reviews and appeals,
in connection with the judgement.
In order to qualify for examination as a broker, the candidate must -
ANSWERS-be a high school graduate or have passed a high school GED
equivalency.
While negotiating terms of a listing contract with a seller, the seller
suggests a listing price significantly below what the salesperson believes
the property would sell for in the open market. What is the best course of
action for the licensee to follow? - ANSWERS-Disclose the salesperson's
professional opinion of value and recommend that the property be listed at
market value.
An unlicensed salesperson negotiated the sale of real estate in return for
compensation. After the transaction closes, the salesperson encounters
difficulty collecting the agreed fee. In this situation, the salesperson may -
ANSWERS-do nothing to recover the agreed compensation.
Real estate licensing is required in order to engage in - ANSWERS-the sale
of time-share intersts.
