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PA Real Estate Salesperson Exam - State Portion Exam Prep Questions and Answers $12.49   Add to cart
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PA Real Estate Salesperson Exam - State Portion Exam Prep Questions and Answers
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PA Real Estate Salesperson Exam - State Portion Exam Prep Questions and Answers AGENCY RELATIONSHIP - ANSWER-A relationship whereby the broker or licensees in the employ of the broker act as fiduciaries for a consumer of real estate services by the express authority of the consumer of real est...

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  • November 4, 2024
  • 10
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • pa real estate salesperson exam state portion ex

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  • Real Estate
  • Real Estate

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KaylinHoffman

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




PA Real Estate Salesperson Exam - State

Portion Exam Prep Questions and

Answers


AGENCY RELATIONSHIP - ANSWER✔✔-A relationship whereby the broker or licensees in the employ of

the broker act as fiduciaries for a consumer of real estate services by the express authority of the

consumer of real estate services.


ASSOCIATE BROKER - ANSWER✔✔-A broker employed by another broker.


BROKER - ANSWER✔✔-Any person who, for another and for a fee, commission or other valuable

consideration:




(1) negotiates with or aids any person in locating or obtaining for purchase, lease or an acquisition of

interest in any real estate;




(2) negotiates the listing, sale, purchase, exchange, lease, time share and similarly designated interests,

financing or option for any real estate;




(3) manages any real estate;




Copyright ©Stuvia International BV 2010-2024 Page 1/10

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


(4) represents himself to be a real estate consultant, counselor, agent or finder;




(5) undertakes to promote the sale, exchange, purchase or rental of real estate: Provided, however, That

this provision shall not include any person whose main business is that of advertising, promotion or

public relations;




(5.1) undertakes to perform a comparative market analysis; or




(6) attempts to perform any of the above acts.


BUILDER-OWNER SALESPERSON - ANSWER✔✔-Any person who is a full-time employee of a builder-

owner of single and multifamily dwellings located within the Commonwealth and as such employee shall

be authorized and empowered to list for sale, sell or offer for sale, or to negotiate the sale or exchange

of real estate, or to lease or rent, or offer to lease, rent or place for rent, any real estate owned by his

builder-owner employer, or collect or offer, or attempt to collect, rent for the use of real estate owned by

his builder-owner employer, for and on behalf of such builder-owner employer.


BUYER AGENT - ANSWER✔✔-Any licensee who has entered into an agency relationship with a consumer

buyer of real estate.


CAMPGROUND MEMBERSHIP - ANSWER✔✔-An interest, other than in fee simple or by lease, which

gives the purchaser the right to use a unit of real property for the purpose of locating a recreational

vehicle, trailer, tent, tent trailer, pickup camper or other similar device on a periodic basis pursuant to a

membership contract allocating use and occupancy rights between other similar users.


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