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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q48-Q53):

NEW QUESTION # 48
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, if the appraisal is done before an offer to purchase is accepted by the seller.
C. No, real property appraisals are not within the scope of practice for a real estate broker.
D. Yes, with proper disclosure to the lender about the broker's qualifications.

Answer: C

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 # 49
An exclusive listing MUST be in writing and it MUST:

A. contain a provision allowing the owner to cancel all exclusive features within 24 hours' notice
B. contain provisions regarding acceptable financing arrangements
C. be signed by the cooperating broker
D. specify the duration of the listing

Answer: D

Explanation:
Allexclusive listing agreements in Pennsylvania MUST specify their duration in writing.
* 49 Pa. Code § 35.332 (Exclusive Listing Agreements)states thatall exclusive listings must have a definite start and end date.
* Listings without an expiration date are considered illegaland unenforceable in Pennsylvania.
Why the other answers are incorrect:
* Option A (Cancellation in 24 Hours):There is no legal requirement for a 24-hour cancellation clause.
* Option B (Financing Arrangements):Financing provisionsare not a required part of a listing agreement.
* Option C (Signed by Cooperating Broker):A cooperating broker's signatureis not required. Only the listing broker and seller need to sign the agreement.

NEW QUESTION # 50
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. have an active license
C. disclose in all advertising that the owner of the property is a real estate licensee
D. offer a sales commission or fee to cooperating brokers

Answer: C

Explanation:
Under49 Pa. Code § 35.285 (Disclosure of Real Estate Affiliations),a licensee selling their own property MUST disclose that they are a real estate licensee in all advertisements and communications.
* The disclosure must be made in a clear and conspicuous mannerto inform potential buyers that the seller has professional real estate expertise.
* This rule prevents deception and ensures fair dealings in real estate transactions.
Why the other answers are incorrect:
* Option A (List Property with Firm):Licenseesare NOT required to list their own propertywith their firm.
* Option C (Offer Commission to Brokers):There isno requirement to offer compensationto other brokers.
* Option D (Have an Active License):A licensee can still sell their own property even if their license is inactive,but they must disclose their license status.

NEW QUESTION # 51
A licensee meets with a couple to discuss listing their home, and the couple ends the meeting by signing a listing agreement. State law REQUIRES that the couple receive a copy of the agreement:

A. after the licensee obtains their employing broker's signature.
B. at the time their signatures are obtained.
C. within 5 business days from the time the agreement was signed.
D. after the cancellation period has expired.

Answer: B

Explanation:
Under49 Pa. Code § 35.331 (Written Agreements Generally),a copy of any written agreement (including listing agreements) must be provided to the parties at the time of signing.
* This rule ensures transparency and protects clients from unauthorized changes to agreements.
* Failure to provide an immediate copy is a violation of Pennsylvania real estate regulations.
Why the other answers are incorrect:
* Option B (Broker Signature First):Thebroker does not need to sign before providing a copy to the client.
* Option C (After Cancellation Period):There is no required waiting period before providing a copy.
* Option D (Within 5 Days):The law statesit must be immediate, not within 5 days.

NEW QUESTION # 52
A listing agreement must contain all of the following EXCEPT:

A. The duration of the listing.
B. The broker's compensation.
C. The broker's license number.
D. A description of the services to be provided.

Answer: C

NEW QUESTION # 53
......

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Reliable RePA_Sales_S Study Notes - Unparalleled PA Salesperson State Exam

A fully updated RePA_Sales_S exam guide from training and exam preparation expert PracticeDump

Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q48-Q53):

PA Salesperson State Exam exam training dumps & RePA_Sales_S free latest pdf & PA Salesperson State Exam latest torrent vce

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