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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. When representing a seller, which of the following is a TRUE statement regarding the duties a licensee owes to the principal?

A) A licensee is obligated to disclose to a consumer the minimum commission split between the licensee and the broker.
B) A licensee is not obligated to disclose the existence of another offer during negotiations on a purchase contract.
C) A licensee is required to keep confidential the price the seller would accept if lower than the list price.
D) A licensee's obligation of confidentiality ends at the conclusion of the listing contract.

2. The Pennsylvania Real Estate Commission has received a written complaint that a licensee is engaging in an activity prohibited by the Real Estate Licensing and Registration Act. What action is the Commission empowered to take?

A) Transfer the matter to civil authorities in the county in which the alleged activity occurred.
B) Suspend the licensee's license for a period not to exceed 6 months.
C) Serve the licensee with a cease and desist order.
D) Ascertain the facts and, if warranted, hold a hearing.

3. According to the Real Estate Commission, which of the following is REQUIRED to hold a real estate license in Pennsylvania?

A) An individual selling five unimproved lots that she owns
B) A home builder selling his brand new houses
C) An attorney who holds himself out as a provider of brokerage services
D) A bank selling its foreclosed properties

4. The provisions of the Real Estate Licensing and Registration Act apply to:

A) A licensed auctioneer who is auctioning property.
B) A real estate licensee selling real estate they own.
C) An attorney-at-law who participates in real estate transactions on behalf of a client.
D) A trustee who participates in real estate transactions under the authority of a court order.

5. When a licensed salesperson changes from one broker to another, the Pennsylvania Real Estate Commission MUST be notified within how many days after the intended date of the change?

A) 15
B) 30
C) 10
D) 5

Solutions: