PA APPRAISAL LICENSE PRACTICE EXAM
2026 CORE QUESTIONS AND ACCURATE
ANSWERS USPAP AND MARKET ANALYSIS
TRAINING PACK
◉ What are the main duties of the Real Estate Commission?
Answer: Duties and powers, complaints, investigations, hearings,
and appeals.
◉ What percentage of the Pearson Vue exam questions pertain to
Licensure?
Answer: 20%
◉ What are some activities that require licensure?
Answer: Activities requiring licensure include various real estate
transactions and services.
◉ What is the percentage of questions related to the Regulation of
Conduct of Licensees on the Pearson Vue exam?
Answer: 70%
,◉ What is one prohibited act that can lead to license suspension or
revocation?
Answer: Making any substantial misrepresentation.
◉ What must licensees do with all monies or deposits on
transactions?
Answer: Promptly give all monies or deposits to their broker.
◉ What is commingling in the context of real estate licensing?
Answer: Commingling is the illegal mixing of client funds with
personal funds.
◉ How long must escrow accounts be maintained after a
transaction?
Answer: For three years after consummation or termination of a
transaction.
◉ What must be specified in a listing agreement?
Answer: A definite termination date that does not require prior
notice.
◉ What is required when placing a 'for sale' sign on a property?
Answer: Written authorization from the owner or their agent.
,◉ What is the consequence of failing to supervise employed
licensees?
Answer: It can lead to disciplinary action against the supervising
broker.
◉ What must be disclosed if a licensee intends to purchase a listed
property?
Answer: The licensee's intent to purchase must be disclosed to all
parties.
◉ What is the penalty for being convicted of forgery or similar
offenses?
Answer: It can result in the loss of a real estate license.
◉ What is required for advertising promotions such as contests or
prizes?
Answer: A clear statement of fair market value and odds must be
included.
◉ What does Chapter 604 of the Real Estate Act address?
Answer: Prohibited acts that can lead to license suspension or
revocation.
, ◉ What must brokers do with all entrusted funds?
Answer: Deposit them in a trust account until the transaction is
completed.
◉ What happens if a licensee fails to provide requested information
to the Commission?
Answer: They may face disciplinary action for inadequate
supervision.
◉ What is the role of the Real Estate Recovery Fund?
Answer: To compensate consumers who suffer losses due to licensee
misconduct.
◉ What must records of a broker show regarding received money?
Answer: The date received, deposited, and the account to which it
belongs.
◉ What is the consequence of failing to provide copies of written
agreements?
Answer: It can lead to disciplinary action against the licensee.
◉ What is required for a broker to accept a commission?
Answer: It must only be accepted from the employing broker.
2026 CORE QUESTIONS AND ACCURATE
ANSWERS USPAP AND MARKET ANALYSIS
TRAINING PACK
◉ What are the main duties of the Real Estate Commission?
Answer: Duties and powers, complaints, investigations, hearings,
and appeals.
◉ What percentage of the Pearson Vue exam questions pertain to
Licensure?
Answer: 20%
◉ What are some activities that require licensure?
Answer: Activities requiring licensure include various real estate
transactions and services.
◉ What is the percentage of questions related to the Regulation of
Conduct of Licensees on the Pearson Vue exam?
Answer: 70%
,◉ What is one prohibited act that can lead to license suspension or
revocation?
Answer: Making any substantial misrepresentation.
◉ What must licensees do with all monies or deposits on
transactions?
Answer: Promptly give all monies or deposits to their broker.
◉ What is commingling in the context of real estate licensing?
Answer: Commingling is the illegal mixing of client funds with
personal funds.
◉ How long must escrow accounts be maintained after a
transaction?
Answer: For three years after consummation or termination of a
transaction.
◉ What must be specified in a listing agreement?
Answer: A definite termination date that does not require prior
notice.
◉ What is required when placing a 'for sale' sign on a property?
Answer: Written authorization from the owner or their agent.
,◉ What is the consequence of failing to supervise employed
licensees?
Answer: It can lead to disciplinary action against the supervising
broker.
◉ What must be disclosed if a licensee intends to purchase a listed
property?
Answer: The licensee's intent to purchase must be disclosed to all
parties.
◉ What is the penalty for being convicted of forgery or similar
offenses?
Answer: It can result in the loss of a real estate license.
◉ What is required for advertising promotions such as contests or
prizes?
Answer: A clear statement of fair market value and odds must be
included.
◉ What does Chapter 604 of the Real Estate Act address?
Answer: Prohibited acts that can lead to license suspension or
revocation.
, ◉ What must brokers do with all entrusted funds?
Answer: Deposit them in a trust account until the transaction is
completed.
◉ What happens if a licensee fails to provide requested information
to the Commission?
Answer: They may face disciplinary action for inadequate
supervision.
◉ What is the role of the Real Estate Recovery Fund?
Answer: To compensate consumers who suffer losses due to licensee
misconduct.
◉ What must records of a broker show regarding received money?
Answer: The date received, deposited, and the account to which it
belongs.
◉ What is the consequence of failing to provide copies of written
agreements?
Answer: It can lead to disciplinary action against the licensee.
◉ What is required for a broker to accept a commission?
Answer: It must only be accepted from the employing broker.
