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[General] Pennsylvania Real Estate Commission - Reliable RePA_Sales_S Related Exams

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【General】 Pennsylvania Real Estate Commission - Reliable RePA_Sales_S Related Exams

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Pennsylvania Real Estate Commission RePA_Sales_S Exam Syllabus Topics:
TopicDetails
Topic 1
  • 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 2
  • 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 3
  • 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 4
  • 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 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.

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q21-Q26):NEW QUESTION # 21
What MUST a salesperson licensee convicted of a felony do?
  • A. Provide the Real Estate Commission with information about the conviction
  • B. Immediately turn in the real estate license to the Real Estate Commission
  • C. Discuss the matter with the employing broker to decide what to do
  • D. Terminate all real estate activities
Answer: A
Explanation:
According to49 Pa. Code § 35.288under"Reporting of Crimes and Disciplinary Actions", all licensees in Pennsylvania arerequired to notifythePennsylvania Real Estate Commissioninwritingwithin30 daysof any felony or misdemeanor conviction.
* A licensee doesnotautomatically lose their license upon conviction, but theCommission will reviewthe case and may takedisciplinary actionsuch as suspension or revocation of the license.
* Failing to reportthe conviction within the required time mayresult in additional penalties.
* Immediate license surrender (Option A)isnotrequired.
* Discussing with the broker (Option B)is not a sufficient step since theofficial duty is to inform the Commission.
* Terminating all activities (Option D)is not an automatic requirement unless theCommission suspends or revokes the license.
Reference:
49 Pa. Code § 35.288- Reporting of Crimes and Disciplinary Actions
Real Estate Licensing and Registration Act (RELRA) - 63 P.S. § 455.303(Criminal Background)

NEW QUESTION # 22
What is the MINIMUM number of hours of continuing education which a real estate licensee MUST complete within the license renewal period?
  • A. 0
  • B. 1
  • C. 2
  • D. 3
Answer: B
Explanation:
Under49 Pa. Code § 35.382 (Continuing Education Requirements),a Pennsylvania real estate licensee must complete at least 14 hours of continuing education (CE) during each two-year renewal cycle.
* These courses must be taken through an approved real estate education provider.
* Certain renewal periods may have specific course requirements mandated by the Commission.
Why the other answers are incorrect:
* Option A (10 Hours):Too low; Pennsylvania law requires 14 hours.
* Option B (12 Hours):Falls short of the required minimum.
* Option D (16 Hours):Exceeds the required minimum.

NEW QUESTION # 23
Can a licensed real estate broker prepare an appraisal for a new loan on property that the broker has listed for sale?
  • A. Yes, if the appraisal is done before an offer to purchase is accepted by the seller.
  • B. No, real property appraisals are not within the scope of practice for a real estate broker.
  • C. Yes, with proper disclosure to the lender about the broker's qualifications.
  • D. Yes, if the appraisal is identified as a comparative market analysis.
Answer: B
Explanation:
UnderThe Pennsylvania Real Estate Appraisers Certification Act (63 P.S. § 457.1-457.19),only a state- certified or licensed appraiser can perform real estate appraisals for loan purposes.
* Real estate brokers and salespersons can perform Comparative Market Analyses (CMAs) but cannot legally perform an appraisal for a lender.
* This restriction ensures that appraisals used for lending purposes meet state and federal standards.
Why the other answers are incorrect:
* Option A (CMAs as Appraisals):CMAs arenotappraisals.
* Option B (Before Offer Accepted):Thetiming of the appraisal does not change licensing requirements.
* Option C (Disclosure to Lender):Even with disclosure,brokers are not permitted to conduct appraisals for loans.

NEW QUESTION # 24
What are the permitted relationships between licensees and consumers as defined by the "Consumer Notice" and Pennsylvania regulations?
  • A. Buyer agent, seller agent, designated agent, dual agent, and rental agent.
  • B. Buyer agent, buyer sub-agent, seller agent, seller sub-agent, and dual agent.
  • C. Buyer agent, seller agent, designated agent, dual agent, and transaction licensee.
  • D. Buyer agent, seller agent, designated dual agent, and transaction licensee.
Answer: C
Explanation:
Under49 Pa. Code § 35.284 (Disclosures of Business Relationships),the Consumer Notice defines five types of permitted relationships between real estate licensees and consumers:
* Buyer's Agent- Represents the buyer and has a fiduciary duty to them.
* Seller's Agent (Listing Agent)- Represents the seller and has a fiduciary duty to them.
* Designated Agent- A brokerage firm designates different agents to represent buyers and sellers in the same firm without creating dual agency.
* Dual Agent- A licensee represents both the buyer and seller in the same transaction, with mutual consent.
* Transaction Licensee- A real estate licensee who provides services but does not represent either party as an agent.
Why the other answers are incorrect:
* Option A (Rental Agent):"Rental agent" is not a defined relationship in Pennsylvania law.
* Option B (Buyer & Seller Sub-Agent):Sub-agency is no longer common and is not a required disclosure.
* Option D (Designated Dual Agent)ual agency and designated agency are separate concepts.
Reference:
49 Pa. Code § 35.284- Disclosures of Business Relationships

NEW QUESTION # 25
The provisions of the Real Estate Licensing and Registration Act apply to:
  • A. A licensed auctioneer who is auctioning property.
  • B. A trustee who participates in real estate transactions under the authority of a court order.
  • C. A real estate licensee selling real estate they own.
  • D. An attorney-at-law who participates in real estate transactions on behalf of a client.
Answer: C
Explanation:
Under63 P.S. § 455.304 (Exemptions from Licensing Requirements),most individuals selling their own property are exempt from real estate licensing requirements.However, a real estate licensee selling their own real estate must comply with disclosure laws and ethical obligations.
* If a real estate licensee sells their own property, they must disclose in all advertising that they are a licensed real estate professionalto avoid misleading the public.
* While a non-licensee selling their own property is not covered under real estate licensing laws, a licensed salesperson must adhere to licensing and disclosure laws.
Why the other answers are incorrect:
* Option A (Trustee under Court Order):Court-appointed trustees are exempt from real estate licensing requirements.
* Option B (Attorney Representing Clients):Attorneys are permitted to handle real estate transactions as part of their legal practice without a real estate license.
* Option D (Licensed Auctioneer):Auctioneers selling real estate are regulated under separate auctioneer licensing laws, not real estate licensing laws.
Reference:
63 P.S. § 455.304- Exemptions from Licensing Requirements

NEW QUESTION # 26
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