PA Real Estate Salesperson Exam Questions and Answers (100% Pass)
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Course
Real Estate
Institution
Real Estate
Where does the money in Pennsylvania's Real Estate Recovery Fund reside?
At the Real Estate Commission's main office
In a separate account held by each licensee
The employing broker's office
The State Treasury
The State Treasury
Sally is applying for a reciprocal salesperson's license in Pen...
✓ Every licensed broker must have a fixed place of business.
Meaghan is a Pennsylvania licensee whose niche is timeshare sales. She's
running a mail advertisement that says any person who attends a scheduled
timeshare presentation will be put in a drawing for a three-day cruise. Is she
engaging in prohibited conduct by doing this?
No, as long as she properly discloses required details in writing.
No, as long as the proper disclosures are made either in writing or verbally.
Yes, attending a timeshare presentation can't be a requirement for being
entered into a prize drawing.
Yes, prizes, gifts, rebates, etc. can't be used to solicit timeshare sales.
✓ No, as long as she properly discloses required details in writing.
Which of the following locations meets the requirements for a main real estate
office in Pennsylvania?
A home office in a broker's house. Visitors use the main entrance, and the
broker has a sign displayed.
A private office in a broker's home that has a separate entrance. The
brokerage name is displayed on a sign outside and on the door.
Master01 | October, 2024/2025 | Latest update
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