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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. Why is the following advertisement placed by a salesperson employed by ABC Realty, in violation of Pennsylvania Rules?
"Harrisburg $200,000 SUPER BUY Cozy 3br, 2 1/2 bath Cottage, near bus. For info call 555-9234 (home) or
675-6330 (office). Ask for JOHN DOE."

A) The salesperson's name appears in the ad.
B) No address is given.
C) The MLS number is not included in the ad.
D) The broker's name does not appear in the ad.

2. 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.

3. 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.

4. A salesperson is representing a buyer who wants to make an offer on a property that is listed by another licensee in her office. Without the listing licensee's knowledge, she becomes aware that the sellers are getting divorced. In what capacity would the salesperson NOT be able to share the information?

A) Designated buyer agent
B) Transaction licensee
C) Dual agent
D) Sub-agent of the buyer

5. A salesperson secures a listing priced at $110,000. A prospective buyer asks the salesperson to write a
$65,000 offer for the property. The salesperson should:

A) Advise the buyer to offer more for the property since the seller is unlikely to accept such a low offer.
B) Prepare the offer as requested and present it to the seller.
C) Prepare the offer as requested but not waste the seller's time presenting it.
D) Suggest that the buyer have another licensee prepare the offer.

Solutions: