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Guide for RePA_Sales_S: Real Estate Licensing Pennsylvania Salesperson State

Quiz RePA_Sales_S: Real Estate Licensing Pennsylvania Salesperson State

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/ 10

Quiz

1/10
What MUST a salesperson licensee convicted of a felony do?
Select the answer
1 correct answer
A.
Immediately turn in the real estate license to the Real Estate Commission
B.
Discuss the matter with the employing broker to decide what to do
C.
Provide the Real Estate Commission with information about the conviction
D.
Terminate all real estate activities

Quiz

2/10
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?
Select the answer
1 correct answer
A.
Advise the seller as to the status of the transaction.
B.
Advise the buyer 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.

Quiz

3/10
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."
Select the answer
1 correct answer
A.
No address is given.
B.
The salesperson's name appears in the ad.
C.
The broker's name does not appear in the ad.
D.
The MLS number is not included in the ad.

Quiz

4/10
A real estate licensee may be disciplined by the Pennsylvania Real Estate Commission for which of
the following reasons?
Select the answer
1 correct answer
A.
Inability to obtain automobile liability insurance
B.
Habitual intoxication or drug addiction
C.
Nonpayment of Federal income taxes
D.
Any felony conviction

Quiz

5/10
An owner sells a house through a salesperson who works as an independent contractor for a broker.
Before the closing, the owner fires the broker. However, the owner agrees to pay the salesperson a
$1,000 fee for services. Which of the following is TRUE?
Select the answer
1 correct answer
A.
The salesperson cannot legally accept the $1,000.
B.
The owner can cancel any part of the sales contract at any time.
C.
The salesperson may legally accept the $1,000.
D.
The salesperson may only accept the $1,000 with the broker's consent.

Quiz

6/10
What MUST a licensee do before she can advertise, show, or offer a property?
Select the answer
1 correct answer
A.
Prepare a preliminary appraisal of the property.
B.
Obtain authorization from the owner of the property.
C.
Provide a list of clients for whom she has successfully completed real estate transactions in the area.
D.
Prepare a comparative market analysis for the property.

Quiz

7/10
According to the Pennsylvania Real Estate Commission, which one of the following actions by a
licensee is prohibited conduct?
Select the answer
1 correct answer
A.
Taking a listing that has a duration of only 2 months
B.
Negotiating a commission that seriously undercuts those of other brokerage firms
C.
Failure to disclose the licensee's use of a third party to acquire property listed by the licensee's office
D.
Failure to engage legal counsel to respond to a Commission request for information stemming from a complaint about the licensee

Quiz

8/10
In order to renew a real estate license in Pennsylvania, the licensee:
Select the answer
1 correct answer
A.
must take 14 hours of CE courses specifically mandated by the Real Estate Commission.
B.
may take any combination of approved CE courses adding up to 14 hours of classroom instruction.
C.
must include in the required hours of CE any course mandated by the Real Estate Commission within the current licensing period.
D.
may include excess hours carried over from the previous licensing period to reach the total CE hours required for the current license term.

Quiz

9/10
What MAXIMUM length of time may a salesperson's real estate license be inactive before
reactivation ceases to be possible without retaking and passing the licensing examination?
Select the answer
1 correct answer
A.
2 years
B.
3 years
C.
4 years
D.
5 years

Quiz

10/10
Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a
real estate license?
Select the answer
1 correct answer
A.
Entering into leases
B.
Distributing building rules and regulations
C.
Showing apartments to prospective renters
D.
Providing information on rental amounts to prospective renters
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  • Quiz name:RePA_Sales_S: Real Estate Licensing Pennsylvania Salesperson State
  • Total number of questions:50
  • Number of questions for the test:50
  • Pass score:80%

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