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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. 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 buyer as to the status of the transaction.
B) Advise the seller as to the status of the transaction.
C) Advise the listing broker as to the status of the transaction.
D) Advise the loan officer as to the status of the transaction.

2. A "For Sale by Owner" property owner has offered a flat fee to any licensee who procures a buyer. The owner's terms specify that 50% of the fee is payable upon contract acceptance, with the other 50% payable upon transfer of title. A CORRECT statement about this arrangement is that it is:

A) acceptable if the fee does not exceed the prevailing commission rate.
B) acceptable if the fee is paid to the employing broker.
C) in violation of license law since all compensation must be paid at closing.
D) in violation of license law since compensation for real estate sales can come only from listed properties.

3. According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?

A) Negotiating a commission that seriously undercuts those of other brokerage firms
B) Taking a listing that has a duration of only 2 months
C) Failure to engage legal counsel to respond to a Commission request for information stemming from a complaint about the licensee
D) Failure to disclose the licensee's use of a third party to acquire property listed by the licensee's office

4. 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) 5
B) 30
C) 15
D) 10

5. Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?

A) Providing information on rental amounts to prospective renters
B) Showing apartments to prospective renters
C) Entering into leases
D) Distributing building rules and regulations

Solutions: