1
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PA Real Estate Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
Quincy is a Pennsylvania broker acting as a transaction licensee.
Which of these, if performed, would violate duties Quincy owes in
the transaction licensee capacity? [ ANS: ] Disclosing that the
seller would accept an offer below list price
A/an ______ is the person responsible for supervising associate
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brokers and/or salespersons in Pennsylvania. [ ANS: ] Broker of
record
What are Pennsylvania brokers required to place outside of their
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licensed place of business? [ ANS: ] A sign showing the licensed
brokerage name
Which of the following situations would MOST LIKELY be grounds for
suspension or revocation of a real estate license in Pennsylvania? [
ANS: ] Failure to disclose personal interest in a property
What happens to you if you are involved in a case and cannot
pay the judgment amount, and the consumer is awarded money
from Pennsylvania's Real Estate Recovery Fund? [ ANS: ] You will
be suspended and cannot be reinstated until you pay back the
fund at 10% interest.
How many brokers can you be affiliated with as a Pennsylvania
licensee? [ ANS: ] One
Which Pennsylvania licensee owns or manages a business that
collects rental information in order to refer tenants to rental units? [
ANS: ] Rental listing referral agent
, 2
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A/an ______ is a person or entity who owns or manages a business
that collects rental information for the purpose of referring
prospective tenants. [ ANS: ] Rental listing referral agent
Which organization specifies in their Rules and Regulations the
standards of conduct that each Pennsylvania licensee must
follow? [ ANS: ] State Real Estate Commission
When does your real estate license expire in Pennsylvania? [ ANS: ]
May 31 of every even numbered year
Mackenzie is a real estate licensee in Pennsylvania. She accepted
a listing on the seller's condition that she not show the property to
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any families with teenagers, even though she doesn't intend to
follow through with the condition. Did Mackenzie do anything
wrong? [ ANS: ] Yes, it's a violation to accept discriminatory listings.
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Jim and Tammy own a family farm in Pennsylvania. They have
decided to retire to Florida. Ten years ago, water testing revealed
that the well was contaminated from agricultural runoff and
pesticides. Now that they are ready to sell the farm, what should
they do? [ ANS: ] Identify the past issues and what, if any action
they took
Gunther is a new licensee in Pennsylvania, but he's moving to a
different area of the state and wants to affiliate with a different
broker. What must he do to make this happen? [ ANS: ] Notify the
commission within 10 days after the change, pay a fee, and return
his license to the commission.
Ryan is a newly licensed salesperson in Pennsylvania who's landed
his first listing. Which of the following actions should he take
relative to the listing agreement? [ ANS: ] Use a pre-printed form
provided by his broker.
If the Pennsylvania State Real Estate Commission revokes a
license, how long does the revocation usually last? [ ANS: ] At least
five years
For Expert help and assignment solutions, +254707240657
PA Real Estate Exam Questions and
Answers (100% Correct Answers) Already
Graded A+
Quincy is a Pennsylvania broker acting as a transaction licensee.
Which of these, if performed, would violate duties Quincy owes in
the transaction licensee capacity? [ ANS: ] Disclosing that the
seller would accept an offer below list price
A/an ______ is the person responsible for supervising associate
© 2025 Assignment Expert
brokers and/or salespersons in Pennsylvania. [ ANS: ] Broker of
record
What are Pennsylvania brokers required to place outside of their
Guru01 - Stuvia
licensed place of business? [ ANS: ] A sign showing the licensed
brokerage name
Which of the following situations would MOST LIKELY be grounds for
suspension or revocation of a real estate license in Pennsylvania? [
ANS: ] Failure to disclose personal interest in a property
What happens to you if you are involved in a case and cannot
pay the judgment amount, and the consumer is awarded money
from Pennsylvania's Real Estate Recovery Fund? [ ANS: ] You will
be suspended and cannot be reinstated until you pay back the
fund at 10% interest.
How many brokers can you be affiliated with as a Pennsylvania
licensee? [ ANS: ] One
Which Pennsylvania licensee owns or manages a business that
collects rental information in order to refer tenants to rental units? [
ANS: ] Rental listing referral agent
, 2
For Expert help and assignment solutions, +254707240657
A/an ______ is a person or entity who owns or manages a business
that collects rental information for the purpose of referring
prospective tenants. [ ANS: ] Rental listing referral agent
Which organization specifies in their Rules and Regulations the
standards of conduct that each Pennsylvania licensee must
follow? [ ANS: ] State Real Estate Commission
When does your real estate license expire in Pennsylvania? [ ANS: ]
May 31 of every even numbered year
Mackenzie is a real estate licensee in Pennsylvania. She accepted
a listing on the seller's condition that she not show the property to
© 2025 Assignment Expert
any families with teenagers, even though she doesn't intend to
follow through with the condition. Did Mackenzie do anything
wrong? [ ANS: ] Yes, it's a violation to accept discriminatory listings.
Guru01 - Stuvia
Jim and Tammy own a family farm in Pennsylvania. They have
decided to retire to Florida. Ten years ago, water testing revealed
that the well was contaminated from agricultural runoff and
pesticides. Now that they are ready to sell the farm, what should
they do? [ ANS: ] Identify the past issues and what, if any action
they took
Gunther is a new licensee in Pennsylvania, but he's moving to a
different area of the state and wants to affiliate with a different
broker. What must he do to make this happen? [ ANS: ] Notify the
commission within 10 days after the change, pay a fee, and return
his license to the commission.
Ryan is a newly licensed salesperson in Pennsylvania who's landed
his first listing. Which of the following actions should he take
relative to the listing agreement? [ ANS: ] Use a pre-printed form
provided by his broker.
If the Pennsylvania State Real Estate Commission revokes a
license, how long does the revocation usually last? [ ANS: ] At least
five years
