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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. In the normal course of practicing real estate, a licensed real estate salesperson may:

A) Agree to split commissions with another licensee and pay the split directly to the other licensee.
B) Directly receive a commission from the buyer as well as the seller.
C) Receive commission and bonuses through their broker.
D) Pay a referral fee directly to another licensed salesperson.

2. If known, the listing broker MUST disclose which of the following to a prospective buyer?

A) That the seller's mortgage is assumable
B) That the seller has filed for divorce
C) That the seller's water system is contaminated
D) That the seller has accepted a position in another state

3. If a client requests to list their home for much more than the comparable market analysis (CMA) recommends, what is the duty of the salesperson?

A) Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act
B) Require the seller to receive an appraisal before listing the property
C) Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive
D) Advise the client as to the reason it is in their best interest to list the property closer to the comparable market value

4. Which of the following is a REQUIRED general duty of a licensee?

A) Independently verify the accuracy of any representation on a property condition disclosure statement.
B) Conduct an independent inspection of the property.
C) Provide assistance with document preparation.
D) Accept liability and responsibility for acts of the consumer.

5. 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) Should be transmitted promptly after receipt to the broker.
C) May be kept temporarily in an escrow account opened by the salesperson.
D) Should be returned to the buyer to transmit to the broker.

Solutions: