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Valid Study RePA_Sales_S Questions, Dumps RePA_Sales_S Questions

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q47-Q52):NEW QUESTION # 47
Which of the following is a REQUIRED general duty of a licensee?
  • A. Conduct an independent inspection of the property.
  • B. Independently verify the accuracy of any representation on a property condition disclosure statement.
  • C. Accept liability and responsibility for acts of the consumer.
  • D. Provide assistance with document preparation.
Answer: B
Explanation:
Under68 Pa. C.S. §§ 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. §§ 7301-7314- Real Estate Seller Disclosure Law

NEW QUESTION # 48
When a licensed salesperson changes from one broker to another, the Pennsylvania Real Estate Commission MUST be notified within how many days after the intended date of the change?
  • A. 0
  • B. 1
  • C. 2
  • D. 3
Answer: C
Explanation:
Under49 Pa. Code § 35.301 (Changes in Employment Status),a salesperson must notify the Pennsylvania Real Estate Commission within 10 days of switching brokers.
* This ensures that the Commission's records remain up-to-date and that the salesperson is properly licensed under a supervising broker.
* Failure to report the change within 10 days can result in disciplinary action.
Why the other answers are incorrect:
* Option A (5 Days):The regulation clearly states10 days, not 5.
* Option C (15 Days):Thisexceeds the allowed time framefor notification.
* Option D (30 Days):Waiting 30 days is too long and would violate Pennsylvania licensing laws.
Reference:
49 Pa. Code § 35.301- Changes in Employment Status

NEW QUESTION # 49
If clients have questions regarding the sale of their home beyond the licensee's expertise, what MUST the salesperson do?
  • A. Seek legal representation for the clients.
  • B. Advise the clients to seek expert advice.
  • C. Ask their associate broker and advise the clients of the answer.
  • D. Advise the clients to seek another salesperson to represent them in the transaction.
Answer: B

NEW QUESTION # 50
What MUST a licensee do before she can advertise, show, or offer a property?
  • A. Prepare a preliminary appraisal of the property.
  • B. Provide a list of clients for whom she has successfully completed real estate transactions in the area.
  • C. Obtain authorization from the owner of the property.
  • D. Prepare a comparative market analysis for the property.
Answer: C
Explanation:
Before advertising, showing, or offering any property, areal estate licensee must obtain written authorization from the property owner. This is a legal requirement to ensure that the licensee has the right to represent the property.
* 49 Pa. Code § 35.331 (Written Agreements Generally)states that a real estate licenseemusthave a written agreement with the property ownerbefore performing any real estate services, including advertising and showing the property.
* 49 Pa. Code § 35.332 (Exclusive Listing Agreements)further clarifies that exclusive agreementsmust be in writingand signed by both the owner and broker.
* Without the owner's written consent, a licensee could be subject to penalties or disciplinary action from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Preliminary Appraisal)icensees are not required to conduct appraisals unless they are certified appraisers.
* Option C (List of Clients):There is no requirement to provide a history of past transactions before listing or advertising a property.
* Option D (Comparative Market Analysis - CMA):A CMA is useful for pricing but isnot required before advertising or showing a property.

NEW QUESTION # 51
Interest earned on an escrow account is:
  • A. Payable to the broker holding the deposit.
  • B. Payable subject to an agreement between the parties.
  • C. Equally divided between the buyer and seller.
  • D. Equally divided between the listing and selling brokers.
Answer: B
Explanation:
Under49 Pa. Code § 35.326 (Escrow Accounts and Interest),interest earned on escrow accounts belongs to the party or parties as determined by the terms of the contract or agreement.
* A broker cannot personally benefit from interest earned on escrow funds unless the contract explicitly allows it.
* The purchase agreement must specify how the interest is handled, whether it is payable to the buyer, seller, or split between parties.
Why the other answers are incorrect:
* Option A (Payable to the Broker):A broker cannot keep interest from an escrow account unless agreed upon in writing.
* Option B (Equally Divided Between Buyer and Seller):Interest division is not automatic; it must be outlined in the contract.
* Option C (Equally Divided Between Brokers):Brokers do not have rights to escrow interest unless explicitly agreed upon.
Reference:
49 Pa. Code § 35.326- Escrow Accounts and Interest

NEW QUESTION # 52
......
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