Real Estate Licensing Pennsylvania Salesperson State RePA_Sales_S Exam Questions
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Question 1
A listing agreement must contain all of the following EXCEPT:
Answer : C
Under 49 Pa. Code 35.332 (Exclusive Listing Agreements), all listing agreements must specify the services provided, the duration of the agreement, and the compensation of the broker. However, there is no requirement to include the broker's license number.
A listing agreement must clearly state the terms under which the broker will perform services and how they will be compensated.
The duration of the agreement must also be specified to prevent misunderstandings.
Why the other answers are incorrect:
Option A (Description of Services): This is a required component of the listing agreement.
Option B (Duration of Listing): A listing agreement must have a start and end date.
Option D (Broker's Compensation): Compensation must be clearly stated in the listing agreement.
What MUST a salesperson licensee convicted of a felony do?
Answer : C
According to 49 Pa. Code 35.288 under 'Reporting of Crimes and Disciplinary Actions', all licensees in Pennsylvania are required to notify the Pennsylvania Real Estate Commission in writing within 30 days of any felony or misdemeanor conviction.
A licensee does not automatically lose their license upon conviction, but the Commission will review the case and may take disciplinary action such as suspension or revocation of the license.
Failing to report the conviction within the required time may result in additional penalties.
Immediate license surrender (Option A) is not required.
Discussing with the broker (Option B) is not a sufficient step since the official duty is to inform the Commission.
Terminating all activities (Option D) is not an automatic requirement unless the Commission suspends or revokes the license.
49 Pa. Code 35.288 -- Reporting of Crimes and Disciplinary Actions
Real Estate Licensing and Registration Act (RELRA) -- 63 P.S. 455.303 (Criminal Background)
Question 3
According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?
Answer : C
A real estate licensee in Pennsylvania is prohibited from failing to disclose any personal interest in a transaction. This includes using a third party to purchase property listed by the licensee's own office.
49 Pa. Code 35.283 (Disclosure of Interest) requires that a licensee must disclose any financial interest they have in a transaction.
If a licensee arranges for a third party (such as a relative or business associate) to purchase a property without disclosure, this is considered a serious ethical violation.
Why the other answers are incorrect:
Option A (Short Listing Duration): Listings do not have a minimum required time period, so a 2-month duration is permissible.
Option B (Undercutting Commission): Commission fees are negotiable, and the Real Estate Commission does not set a minimum fee.
Option D (Legal Counsel Not Required): Licensees are not required to hire legal counsel to respond to Commission complaints, but they must respond honestly and fully.
49 Pa. Code 35.283 -- Disclosure of Interest
Question 4
A real estate licensee may be disciplined by the Pennsylvania Real Estate Commission for which of the following reasons?
Answer : B
Under 49 Pa. Code 35.291 (Reporting of Crimes and Disciplinary Actions), a real estate licensee may face disciplinary action for engaging in unethical conduct, fraud, or incompetence. One of the reasons listed is habitual intoxication or drug addiction, as this impairs the licensee's ability to properly conduct real estate activities.
A felony conviction (Option D - Incorrect) does not automatically result in discipline but is reviewed by the Commission.
Failure to pay taxes (Option C - Incorrect) is a federal issue, not a licensing violation.
Car insurance (Option A - Incorrect) is unrelated to a real estate license.
49 Pa. Code 35.291 -- Reporting of Crimes and Disciplinary Actions
Question 5
A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?
Answer : B
Under 49 Pa. Code 35.331 (Written Agreements Generally), all parties must receive a copy of a signed offer within 1 business day of acceptance.
This ensures that buyers and sellers have full documentation of the transaction.
Delaying delivery of signed contracts can lead to disputes and potential violations of real estate regulations.
Why the other answers are incorrect:
Option A (24 Hours): While fast delivery is preferred, the law specifically states ''1 business day.''
Option C (At Closing): Buyers must receive a copy well before closing.
Option D (Reasonably Practicable Time): This is too vague and does not meet the specific 1-business-day requirement.
49 Pa. Code 35.331 -- Written Agreements Generally
Question 6
Which of the following conditions MUST be met before a licensee participates in the sale of real property in which the licensee has an ownership interest?
Answer : C
Under 49 Pa. Code 35.283 (Disclosure of Interest), a real estate licensee must disclose in writing if they have a direct or indirect ownership interest in a property they are selling or purchasing.
This disclosure ensures transparency and prevents conflicts of interest.
Failure to disclose ownership interest could be considered fraudulent and result in disciplinary action by the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
Option A (Commission Notification Required): The Commission does not need to be notified unless a violation occurs.
Option B (Listing Agreement Disclosure): Disclosure is not required in the listing agreement but must be made to all parties.
Option D (Percentage of Ownership on Contract): The specific percentage of ownership is not required to be on the contract; general disclosure is sufficient.
49 Pa. Code 35.283 -- Disclosure of Interest
Question 7
Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?
Answer : A
A real estate license is required to enter into leases on behalf of a landlord because this involves negotiating real estate transactions.
According to 49 Pa. Code 35.201 (Definitions), property management activities that include leasing, collecting rent, and negotiating lease terms require a real estate license.
A property manager who is actively negotiating leases must hold a real estate license unless they are directly employed by the property owner.
Why the other answers are incorrect:
Option B (Distributing Rules): This does not require a license since it is administrative.
Option C (Showing Apartments): Showing apartments does not require a license as long as no negotiations occur.
Option D (Providing Rental Info): Providing information is not negotiating a lease, so a license is not needed.
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