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Title: 100% Pass Quiz Perfect Pennsylvania Real Estate Commission - RePA_Sales_S - PA S [Print This Page]
Author: tomward961    Time: yesterday 01:51
Title: 100% Pass Quiz Perfect Pennsylvania Real Estate Commission - RePA_Sales_S - PA S
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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q26-Q31):NEW QUESTION # 26
If known, the listing broker MUST disclose which of the following to a prospective buyer?
Answer: D
Explanation:
Alicensee must disclose all material defectsrelated to the property,including known issues like a contaminated water system.
* Under 68 P.S. ¡ì¡ì 7303-7304 (Real Estate Seller Disclosure Law), the seller and broker must disclose all material defects affecting the property's value or safety.
* A contaminated water system is considered a health and safety issue and must be disclosed to the buyer.
Why the other answers are incorrect:
* Option A (Assumable Mortgage):This is afinancial issue, not a material defect.
* Option B (Seller's New Job):The seller's personal situationdoes not affect the property's condition.
* Option C (Divorce)ivorce is private informationand does not need to be disclosed.
Reference:
Real Estate Seller Disclosure Law (68 P.S. ¡ì¡ì 7303-7304)

NEW QUESTION # 27
Which of the following is a REQUIRED general duty of a licensee?
Answer: A
Explanation:
Under68 Pa. C.S. ¡ì¡ì 7301-7314 (Real Estate Seller Disclosure Law),a licensee has a duty to ensure that the property condition disclosure statement is complete and accurate as provided by the seller.
* While the licensee does not conduct a formal property inspection, they must not ignore material defects that are apparent or known to them.
* If a licensee knows of an issue that contradicts the seller's disclosure, they must disclose this to the buyer to prevent misrepresentation.
* This protects consumers from fraudulent or misleading property conditions.
Why the other answers are incorrect:
* Option A (Independent Inspection):A licensee is not a home inspectorand is not required to perform a physical inspection.
* Option C (Accept Consumer Liability):A licenseeis not responsible for actions taken by a buyer or seller.
* Option D (Document Preparation Assistance):A licenseecan help explain documents but cannot prepare legal contracts without an attorney.
Reference:
68 Pa. C.S. ¡ì¡ì 7301-7314- Real Estate Seller Disclosure Law

NEW QUESTION # 28
According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?
Answer: A
Explanation:
A real estate licensee in Pennsylvania isprohibited from failing to disclose any personal interestin a transaction. This includesusing a third party to purchase property listed by the licensee's own office.
* 49 Pa. Code ¡ì 35.283 (Disclosure of Interest)requires that alicensee 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)istingsdo not have a minimum required time period, so a2- month duration is permissible.
* Option B (Undercutting Commission):Commission feesare negotiable, and the Real Estate Commission does not set a minimum fee.
* Option D (Legal Counsel Not Required)icenseesare not required to hire legal counselto respond to Commission complaints, but they must respond honestly and fully.

NEW QUESTION # 29
If clients have questions regarding the sale of their home beyond the licensee's expertise, what MUST the salesperson do?
Answer: A

NEW QUESTION # 30
A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?
Answer: D
Explanation:
Under49 Pa. Code ¡ì 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, thelaw specifically states "1 business day."
* Option C (At Closing):Buyers must receive a copywell before closing.
* Option D (Reasonably Practicable Time):This istoo vagueand does not meet thespecific 1-business- day requirement.
Reference:
49 Pa. Code ¡ì 35.331- Written Agreements Generally

NEW QUESTION # 31
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