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PA State Salesperson Test | Questions and Answers| Latest Update
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PA State Salesperson Test | Questions and Answers| Latest Update
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PA State Salesperson Test | Questions andAnswers| Latest Update
Violations of the PHRA - ✔✔Accepting discriminatory listings, giving false
information for discriminatory purposes, and being selective about housing
location or availability dates for discriminatory purposes are all
- $16,000 for first offense
- $37,500 for second offense within five years
- $65,000 for third violation within seven years
- Injunction to either do something or not do something
- Attorney general may file suit and seek $50,000 for first offense and $100,000
for subsequent violations - ✔✔Possible penalties for fair housing violations
Ethnic Intimidation and Vandalism Act - ✔✔State law that prohibits retaliation
against those who file fair housing complaints and real estate licensees who try to
comply with fair housing law
Sherman (antitrust) Act - ✔✔An 1890 act to protect the public from
monopolies or combinations that restrain trade
Clayton Act - ✔✔Enacted in 1914 as a supplement to the Sherman Act, with
the same general purpose, designed to cover restraints on interstate trade or
commerce not covered by the Sherman Act
, Unfair Trade Practices and Consumer Protection Law - ✔✔1968 Pennsylvania
law that defines "unfair methods of competition"
Real Estate Commission - ✔✔Human Relations Committee can report incorrect
conduct to the ________________ _____ _____
Pennsylvania Real Estate Commission - ✔✔The duties and powers of the
______________________ permit the Commission to exercise its authority for
violations of:
State Real Estate Commission's Rules and Regulations, The Real Estate Licensing
and Registration Act (RELRA), The Pennsylvania Human Relations Act
When the purchaser is provided the opportunity to record the agreement
-In an installment land contract, the buyer does not receive the deed to the
property at settlement. The buyer is given an opportunity to record the
agreement providing an ownership interest. In exchange for this interest, the
deposited funds may be released to the seller. - ✔✔A broker receives and then
escrows money belonging to another under an installment land purchase
agreement. When may the broker release these funds?
90 days - ✔✔With regards to a statement of record for promotional real estate
and upon request, the developer must provide to the Real Estate Commission any
missing information. In this situation, what is the maximum amount of time a
developer has to comply before his application is denied?
30 acres - ✔✔Which of the following would be regulated as promotional real
estate?
30 acres
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