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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. The Real Estate Commission is empowered to take action against a licensee who is found to have engaged in any of the following activities EXCEPT:

A) Making any substantial misrepresentation.
B) Failing to furnish a copy of a listing contract to an owner after taking a listing.
C) Failing to include the salesperson's name in all advertising.
D) Failing to provide information requested by the Pennsylvania Real Estate Commission in response to a complaint about the licensee engaging in prohibited acts.

2. Which of the following is a REQUIRED general duty of a licensee?

A) Accept liability and responsibility for acts of the consumer.
B) Independently verify the accuracy of any representation on a property condition disclosure statement.
C) Provide assistance with document preparation.
D) Conduct an independent inspection of the property.

3. According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

A) Office space
B) House owned by the salesperson
C) Timeshare
D) Apartment with outstanding mortgage

4. A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?

A) Within 1 business day of the offer's acceptance
B) At the closing
C) Within 24 hours of the offer's acceptance
D) In a reasonably practicable period of time

5. If a client requests to list their home for much more than the comparable market analysis (CMA) recommends, what is the duty of the salesperson?

A) Require the seller to receive an appraisal before listing the property
B) Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act
C) Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive
D) Advise the client as to the reason it is in their best interest to list the property closer to the comparable market value

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