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Real Estate Licensing RePA_Sales_S Exam Dumps

Vendor

Real Estate Licensing

Exam Code

RePA_Sales_S

Exam Name

Pennsylvania Salesperson State Exam

Exam Duration

Total Questions

50

$ 49

PDF VERSION

DEMO QUESTIONS

Q1:

The provisions of the Real Estate Licensing and Registration Act apply to:

A: A trustee who participates in real estate transactions under the authority of a court order.

B: An attorney-at-law who participates in real estate transactions on behalf of a client.

C: A real estate licensee selling real estate they own.

D: A licensed auctioneer who is auctioning property.

Correct Answer: C

Q2:

What is the status of a person’s real estate license after a claim has been paid from the Real Estate Recovery Fund to settle a claim against that licensee?

A: Active

B: Inactive

C: Reinstated

D: Suspended

Correct Answer: D

Q3:

A salesperson owns a residence and wishes to sell it without listing it. Under Pennsylvania license law, the salesperson MUST:

A: list the property with their firm

B: disclose in all advertising that the owner of the property is a real estate licensee

C: offer a sales commission or fee to cooperating brokers

D: have an active license

Correct Answer: B

Q4:

The Commission, after obtaining the facts of a verified complaint against a licensee, holding a hearing, and finding that licensee guilty, may:

A: Levy a fine of $2,000 - $5,000 if this is the licensee's first offense.

B: Suspend or revoke a license and/or levy a fine of $1,000 or less.

C: Make the licensee take up to 20 hours of ethics training.

D: Imprison a licensee for no more than 90 days.

Correct Answer: B

Q5:

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: Initiate a title search of the property.

B: Recommend a professional inspection of the property.

C: Disclose their dual representation, in writing, to both buyer and seller.

D: Disclose to the listing broker or the seller that they represent the buyer.

Correct Answer: D

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