PA Real Estate Licensure Exam Questions and Answers
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Course
Licensed Realtor
Institution
Licensed Realtor
Lara took all of the required real estate education. She then took a job in a different profession before taking her licensing exam. Lara does not have to retake the required education as long as she had completed her pre licensing courses no more than
A. 3 years ago
B. 5 years ago
C. 10 years a...
PA Real Estate Licensure Exam
Questions and Answers
Lara took all of the required real estate education. She then took a job in a different
profession before taking her licensing exam. Lara does not have to retake the required
education as long as she had completed her pre licensing courses no more than
A. 3 years ago
B. 5 years ago
C. 10 years ago
D. there is no time limit - Answer-B.
All officers of a corporation or members of a partnership or association who engage in
real estate must have a broker's license or an associate broker's license. true or false -
Answer-false. an officer or partner in a real estate brokerage office who engages in or
intends to engage in real estate must have a broker/associate broker's license OR a
real estate salesperson's license
Can a corporation have a broker's license without having an associate broker? yes or
no - Answer-yes. a non living entity broker must have at lease one broker of record, but
is not required to have any associate brokers, or salesperson's for that matter
Could there be more than one associate broker in a company? yes or no - Answer-yes.
there are no limits to the number of associate brokers who may be licensed under the
company's broker's license.
Can a salesperson's license be issued to a non living entity such as a corporation? yes
or no - Answer-no
Vicky is a licensed salesperson working for Linda Realty. Inc. Can she be named
president of the corporation? yes or no - Answer-yes.
Can an associate broker be the broker of record? yes or no - Answer-no. an associate
broker is employed by a broker and cannot employ other licenses. while an associate
broker cannot be the broker of record, he could be the manager of a real estate
company
broker candidates are required to complete _____ hours of state approved education
and have _____ years of experience
A. 75 hours/ no years
B. 75 hours/ three years
C. 240 hours/ two years
D. 240 hours/ three years - Answer-D
, Carla has been a successful salesperson for XYZ Estate sales for 15 years, and she
decides that it's time to start her own real estate company. At lease initially, Carla will be
the only employee. Which statement best defines the license requirements for the new
company?
A. carla is the broker of record
B. the company is a broker, and carla is an associate broker
C. the company is a broker, and carla is the broker of record
D. the company is a broker, and carla is a salesperson - Answer-C.
Completion of required hours of education
A. salesperson's only
B. brokers only
C. brokers and salesperson - Answer-C
The name and signature of a sponsoring broker
A. salesperson's only
B. brokers only
C. brokers and salesperson - Answer-A
Three years of full time experience in real estate or a related field
A. salesperson's only
B. brokers only
C. brokers and salesperson - Answer-B
Ralph is the sole owner and employee of Ralph Realty in Scranton. Can he also be a
salesperson for A plus real estate in Gettysburg?
A. no. a plus is too far away from Ralph realty for him to work in both offices
B. no, but he can have a salesperson's license in both locations
C. no. he cannot have a broker's license and a salesperson's license
D. yes, brokers can be multi-licensed - Answer-C.
Lucy is the Chief Financial officer of Big Time Realty, Inc. Does she need to have a real
estate license? yes or no - Answer-no. as long as she is handling finances and is not
engaging in actual real estate, she does not need to be licensed
Lois owns a small cemetery in Bucks County, where she is the cemetery broker of
record. Can Lois be the broker of record at cemeteries in Chester County and Delaware
County as well? yes or no - Answer-no. since she is the broker of record, we know that
Lois is a licensed cemetery broker. As such, she can be multi licensed on the office
level
Is a cemetery salesperson's license restricted?
A. no, the license itself is not restricted, though the broker could restrict it.
B. yes, the license is limited as to the type of real estate one can sell - Answer-B.
cemetery salespeople can sell only cemetery lots, plots and mausoleum spaces and
openings. their broker can also choose to restrict it further
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