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Exam (elaborations)

PA SALESPERSON STATE EXAM Questions and Answers (100% Pass)

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  • PA Salesperson

Designated Agent -buyer/seller must consent to designated agency A licensee authorized by a broker to act as the agent for a specific principal in a particular transaction. Transaction Licensee A transaction broker is a licensed real estate agent who is a neutral third party in a transact...

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  • October 12, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • PA Salesperson
  • PA Salesperson
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




PA SALESPERSON STATE EXAM
Questions and Answers (100% Pass)
Designated Agent


-buyer/seller must consent to designated agency


✓ A licensee authorized by a broker to act as the agent for a specific

principal in a particular transaction.




Transaction Licensee


✓ A transaction broker is a licensed real estate agent who is a neutral

third party in a transaction.




-Licensee name


-Brokerage name


-City/state where brokerage is located


-Regulatory jurisdictions in which brokerage is licensed


✓ Required elements of internet advertising




three


one



Master01 | October, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

10


30


✓ Broker affiliation guidelines:

- Salespersons must be affiliated with a broker for at least ______ years


- Licensees can only affiliate with ____ broker at a time


- Licensees must notify the commission within ____ days of a broker change


- If new license isn't received in ____ days, licensees must follow up with the

commission




Seller's/landlord's agent, buyer's/tenant's agent, dual agent, designated

agent, transaction licensee


✓ Permitted agency relationships in Pennsylvania




- Reasonable skill and care


- Honest dealings


- Present all offers, counter offers, etc.


- Property disclosure


- Accountability


- Consumer Notice


- Disclosure of personal/financial interest

Master01 | October, 2024/2025 | Latest update

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