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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. 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

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

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

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

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

4. According to the Real Estate Commission, which of the following is REQUIRED to hold a real estate license in Pennsylvania?

A) An attorney who holds himself out as a provider of brokerage services
B) A bank selling its foreclosed properties
C) A home builder selling his brand new houses
D) An individual selling five unimproved lots that she owns

5. If a licensee advertises prizes as part of a promotion for the sale of real estate, which of the following must be disclosed in the advertisement?

A) The names of any stores that will exchange the prize.
B) Where the prize was manufactured.
C) How many others have won similar prizes.
D) The fair market value of the prize.

Solutions: