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Pennsylvania Real Estate Commission PA Salesperson State - RePA_Sales_S Exam Practice Test

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Total 52 questions

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Question 1

Which of the following phrases in a rental ad may be permissible?

A. Children 12 and Older Only B. Adults Only Building C. All Couples Apartment Building D. Creek Village - an Age-Restricted Community

Correct Answer: D

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Question 2

The Real Estate Commission does NOT have the power to:

A. Impose fines. B. Certify residential appraisers. C. Review escrow accounts. D. Suspend or revoke real estate licenses.

Correct Answer: B

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Question 3

According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?

A. Taking a listing that has a duration of only 2 months B. Negotiating a commission that seriously undercuts those of other brokerage firms C. Failure to engage legal counsel to respond to a Commission request for information stemming from a complaint about the licensee D. Failure to disclose the licensee's use of a third party to acquire property listed by the licensee's office

Correct Answer: D

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Question 4

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 identified as a comparative market analysis. B. Yes, with proper disclosure to the lender about the broker's qualifications. C. No, real property appraisals are not within the scope of practice for a real estate broker. D. Yes, if the appraisal is done before an offer to purchase is accepted by the seller.

Correct Answer: C

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Question 5

Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?

A. Distributing building rules and regulations B. Entering into leases C. Showing apartments to prospective renters D. Providing information on rental amounts to prospective renters

Correct Answer: B

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Question 6

If clients have questions regarding the sale of their home beyond the licensee's expertise, what MUST the salesperson do?

A. Advise the clients to seek expert advice. B. Advise the clients to seek another salesperson to represent them in the transaction. C. Seek legal representation for the clients. D. Ask their associate broker and advise the clients of the answer.

Correct Answer: A

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Total 52 questions

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