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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. A salesperson who operates as an independent contractor for a broker is seldom in the office. Earnest money deposits received by this salesperson:

A) May be held by the salesperson for 3 business days.
B) Should be returned to the buyer to transmit to the broker.
C) Should be transmitted promptly after receipt to the broker.
D) May be kept temporarily in an escrow account opened by the salesperson.

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

3. What MUST a salesperson licensee convicted of a felony do?

A) Discuss the matter with the employing broker to decide what to do
B) Terminate all real estate activities
C) Provide the Real Estate Commission with information about the conviction
D) Immediately turn in the real estate license to the Real Estate Commission

4. A person who uses a guide dog visits a real estate office in search of an apartment to rent. How should the salesperson proceed when working with this person?

A) Tell the person only about apartments that are designed for people with disabilities.
B) Ask about the size of the apartment the person is looking for and any other features that the person would like.
C) Ask for an increased amount of security deposit to cover potential damage caused by the dog.
D) Search for apartments that permit pets.

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

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

Solutions: