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Pennsylvania Real Estate Commission RePA_Sales_S Exam Syllabus Topics:
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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q50-Q55):
NEW QUESTION # 50
What MUST a salesperson licensee convicted of a felony do?
- A. Provide the Real Estate Commission with information about the conviction
- B. Terminate all real estate activities
- C. Immediately turn in the real estate license to the Real Estate Commission
- D. Discuss the matter with the employing broker to decide what to do
Answer: A
Explanation:
According to49 Pa. Code § 35.288under"Reporting of Crimes and Disciplinary Actions", all licensees in Pennsylvania arerequired to notifythePennsylvania Real Estate Commissioninwritingwithin30 daysof any felony or misdemeanor conviction.
* A licensee doesnotautomatically lose their license upon conviction, but theCommission will reviewthe case and may takedisciplinary actionsuch as suspension or revocation of the license.
* Failing to reportthe conviction within the required time mayresult in additional penalties.
* Immediate license surrender (Option A)isnotrequired.
* Discussing with the broker (Option B)is not a sufficient step since theofficial duty is to inform the Commission.
* Terminating all activities (Option D)is not an automatic requirement unless theCommission suspends or revokes the license.
NEW QUESTION # 51
According to the Real Estate Commission, which of the following is REQUIRED to hold a real estate license in Pennsylvania?
- A. A bank selling its foreclosed properties
- B. An individual selling five unimproved lots that she owns
- C. A home builder selling his brand new houses
- D. An attorney who holds himself out as a provider of brokerage services
Answer: D
Explanation:
In Pennsylvania,any person engaging in brokerage activities (such as negotiating sales or leases for compensation) must hold a real estate licenseunless specifically exempted.
* 49 Pa. Code § 35.201 (Definitions) & 63 P.S. § 455.304 (Exemptions)allow attorneys to practice real estate without a license ONLY IF the services are incidental to their legal practice.
* If an attorney advertises as a real estate broker or regularly engages in real estate transactions beyond legal services, they must obtain a real estate license.
Why the other answers are incorrect:
* Option B (Home Builder Selling New Houses):Buildersare exemptwhen selling their ownnewly constructed homes.
* Option C (Banks Selling Foreclosures):Banks areexemptunder63 P.S. § 455.304 (a)(5)since they are not in the business of selling real estate for profit.
* Option D (Selling Five Unimproved Lots):Individuals selling their own propertydo not need a license
, even for multiple lots.
NEW QUESTION # 52
A broker has been hired by a buyer to find an investment property. Upon locating a suitable property listed by another firm, the broker MUST:
- A. Initiate a title search of the property.
- B. Disclose to the listing broker or the seller that they represent the buyer.
- C. Recommend a professional inspection of the property.
- D. Disclose their dual representation, in writing, to both buyer and seller.
Answer: B
Explanation:
Under49 Pa. Code § 35.311 (Duties of Buyer's Agent),a buyer's agent must disclose their relationship to the listing broker or seller before providing substantive services.
* This ensures that all parties understand who represents whom in the transaction.
* Failure to disclose agency relationships could result in ethical violations and penalties from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Initiate a Title Search):This is typically done by the buyer's attorney or title company,not the real estate broker.
* Option B (Recommend an Inspection):While good practice,it is not legally required under agency law.
* Option C (Disclose Dual Representation):This is incorrect because the broker is not acting as a dual agent in this case.
NEW QUESTION # 53
If a salesperson representing a buyer gets information from the seller's agent as to the status of the real estate transaction, what is the buyer's agent REQUIRED to do?
- A. Advise the listing broker as to the status of the transaction.
- B. Advise the loan officer as to the status of the transaction.
- C. Advise the buyer as to the status of the transaction.
- D. Advise the seller as to the status of the transaction.
Answer: C
Explanation:
Under49 Pa. Code § 35.284(Disclosures of Business Relationships), abuyer's agenthas afiduciary dutyto their client. This means the agent mustact in the buyer's best interestandcommunicate all material informationregarding the transactionto the buyer.
* The buyer's agent's primary responsibility is to the buyer (Option B - Correct).
* The buyer's agent does not have any fiduciary duty to the seller (Option A - Incorrect).
* The buyer's agent is not required to inform the listing broker (Option C - Incorrect).
* The loan officer does not have the same level of involvement in fiduciary duties as the buyer (Option D - Incorrect).
NEW QUESTION # 54
What is the MINIMUM number of hours of continuing education which a real estate licensee MUST complete within the license renewal period?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: D
Explanation:
Under49 Pa. Code § 35.382 (Continuing Education Requirements),a Pennsylvania real estate licensee must complete at least 14 hours of continuing education (CE) during each two-year renewal cycle.
* These courses must be taken through an approved real estate education provider.
* Certain renewal periods may have specific course requirements mandated by the Commission.
Why the other answers are incorrect:
* Option A (10 Hours):Too low; Pennsylvania law requires 14 hours.
* Option B (12 Hours):Falls short of the required minimum.
* Option D (16 Hours):Exceeds the required minimum.
NEW QUESTION # 55
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