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[General] Braindumps Pennsylvania Real Estate Commission RePA_Sales_S Pdf & RePA_Sales

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【General】 Braindumps Pennsylvania Real Estate Commission RePA_Sales_S Pdf & RePA_Sales

Posted at before yesterday 01:32      View：19 | Replies：1        Print      Only Author   [Copy Link] 1#
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Pennsylvania Real Estate Commission RePA_Sales_S Exam Syllabus Topics:
TopicDetails
Topic 1
  • Regulations Governing the Activities of Licensees: This section of the exam measures the skills of Real Estate Brokers and centers on the professional standards and regulations that govern daily practice. It reviews rules regarding advertising, the working relationship between brokers and salespersons, and the proper handling of client funds and accounts. It also highlights prohibited conduct, as well as the conditions that can lead to suspension or revocation of a license.
Topic 2
  • Real Estate Commission: This section of the exam measures skills of Real Estate Salespersons and covers the fundamental duties and powers of the Real Estate Commission. It includes understanding how complaints are handled, how investigations and hearings are conducted, and the processes for appeals. Candidates are also expected to be familiar with the Real Estate Recovery Fund, which provides protection for consumers in certain cases.
Topic 3
  • Agency and Disclosure: This section of the exam measures the skills of Real Estate Salespersons and addresses the importance of proper agency and disclosure. It evaluates knowledge of agency disclosures, the duties of licensees, and how different agency relationships function in practice. It also covers compensation rules and the responsibilities that come with working under different types of agency agreements.
Topic 4
  • Miscellaneous: This section of the exam measures the skills of Real Estate Salespersons and includes several additional knowledge areas important for practice. Candidates are expected to understand property disclosures, the preparation and handling of contracts and forms, and the Pennsylvania Human Relations Act. It also covers the regulations relating to time-shares, as well as leasing and rental practices that are part of everyday real estate transactions.
Topic 5
  • Licensure: This section of the exam measures skills of Real Estate Brokers and focuses on licensure requirements. It emphasizes qualifications necessary for obtaining a license, the activities that legally require licensure, and the processes for license renewal or reactivation. Additionally, it includes the rules for changing employment as a licensee and outlines specific exemptions from licensure under Pennsylvania law.

Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q21-Q26):NEW QUESTION # 21
A broker has been hired by a buyer to find an investment property. Upon locating a suitable property listed by another firm, the broker MUST:
  • A. Disclose to the listing broker or the seller that they represent the buyer.
  • B. Recommend a professional inspection of the property.
  • C. Disclose their dual representation, in writing, to both buyer and seller.
  • D. Initiate a title search of the property.
Answer: A
Explanation:
Under49 Pa. Code § 35.311 (Duties of Buyer's Agent),a buyer's agent must disclose their relationship to the listing broker or seller before providing substantive services.
* This ensures that all parties understand who represents whom in the transaction.
* Failure to disclose agency relationships could result in ethical violations and penalties from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Initiate a Title Search):This is typically done by the buyer's attorney or title company,not the real estate broker.
* Option B (Recommend an Inspection):While good practice,it is not legally required under agency law.
* Option C (Disclose Dual Representation):This is incorrect because the broker is not acting as a dual agent in this case.
Reference:
49 Pa. Code § 35.311- Duties of Buyer's Agent

NEW QUESTION # 22
A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?
  • A. Within 1 business day of the offer's acceptance
  • B. Within 24 hours of the offer's acceptance
  • C. At the closing
  • D. In a reasonably practicable period of time
Answer: A
Explanation:
Under49 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, 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 § 35.331- Written Agreements Generally

NEW QUESTION # 23
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."
  • A. The broker's name does not appear in the ad.
  • B. The MLS number is not included in the ad.
  • C. No address is given.
  • D. The salesperson's name appears in the ad.
Answer: A
Explanation:
According to49 Pa. Code § 35.305(Business Name on Advertisements), alladvertisements placed by a salesperson must include the broker's name.
* Thebroker's name is missing, which violates Pennsylvania advertising requirements (Option C - Correct).
* The property address does not need to be in the ad (Option A - Incorrect).
* Salesperson names are allowed but must be accompanied by the broker's name (Option B - Incorrect).
* MLS numbers are not a requirement in all advertisements (Option D - Incorrect).
Reference:
49 Pa. Code § 35.305- Business Name on Advertisements

NEW QUESTION # 24
A salesperson who operates as an independent contractor for a broker is seldom in the office. Earnest money deposits received by this salesperson:
  • A. May be held by the salesperson for 3 business days.
  • B. May be kept temporarily in an escrow account opened by the salesperson.
  • C. Should be transmitted promptly after receipt to the broker.
  • D. Should be returned to the buyer to transmit to the broker.
Answer: C
Explanation:
Under49 Pa. Code § 35.324 (Handling of Deposits and Escrow Money), all earnest money deposits must be promptly transmitted to the employing broker for deposit into an escrow account.
* A salesperson cannot hold earnest money or maintain an escrow account on their own.
* Brokers are responsible for ensuring that all escrow funds are properly handled and protected from commingling.
Why the other answers are incorrect:
* Option A (Salesperson Holding Escrow Funds):Salespersons are prohibited from maintaining independent escrow accounts.
* Option C (Holding Funds for 3 Days):Earnest money must be turned over to the broker as soon as possible; salespersons cannot hold it for any period.
* Option D (Returning to Buyer for Transmission):Earnest money must go directly to the broker, not back to the buyer.

NEW QUESTION # 25
What MUST a licensee do before she can advertise, show, or offer a property?
  • A. Prepare a comparative market analysis for 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 preliminary appraisal of 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.
Reference:
49 Pa. Code § 35.331- Written Agreements Generally
49 Pa. Code § 35.332- Exclusive Listing Agreements

NEW QUESTION # 26
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Posted at yesterday 06:10        Only Author  2#
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