100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
PA RE Fundamentals_ Unit 13 PA RE Licensing Law (1) CA$11.84
Add to cart

Exam (elaborations)

PA RE Fundamentals_ Unit 13 PA RE Licensing Law (1)

 1 view  0 purchase

PA RE Fundamentals_ Unit 13 PA RE Licensing Law (1)

Preview 2 out of 5  pages

  • July 24, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (35)
avatar-seller
Tutormodock
PA RE Fundamentals: Unit 13 PA RE Licensing Law
ARELLO Association of Real Estate License Law Officials - ANS-ARELLO Promotes uniform
policies & stds for admin & enforcing state license laws.

RERLA Real Estate Licensing & Registration Act, 1980 - ANS-The Penns statutory law that
protects the public interest by governing RE practices & the activities of licensees. Enacted by
STATE LEGISLATURE and signed into law by GOVERNOR; can only be amended by state
legislature

Real Estate Commission (The Commiss) - ANS-The STATE government agency responsible for
creating & publishing R&R necessary to administer the RELRA

State Real Estate Commission - ANS-The Agency established by the Pennsylvania RELRA to
administer this law & supervise the activities of licensees.

R&R Rules & Regulations - ANS-RE licensing authority ORDERS that govern licensees'
activities; they usually have the same force & effect as statutory law

The Commiss Disciplinary Action - ANS-BPOA conducts investigations. Commiss suspends or
revokes license or registration certs. Conducts hearings. Levies fines up to $1,000

Prima Facie Evidence - ANS-Documented proof of a course of dealing shown to have been
followed by a salesperson, assoc broker or other employee of a broker which can be used to
impute knowledge to the employing broker.

Sect 702, Disiplinary Action - ANS-Sect 702, limits the disciplinary action that may be taken
against an employing broker when disciplinary action is taken against a licensee employed by
that broker. If it appears from evidence at a hearing that the employing broker had ACTUAL
KNOWLEDGE of a violation or permitted a course of dealing that violates the law, the commis
may SUSPEND or REVOKE the employing brokers' license or levy a fine. Or if these factors do
not exist, the Commiss may find that the broker failed to properly supervise the licensee & take
a lesser disciplinary action.

Act 48, 1993 - ANS-A law authorizing the Bureau of Professional & Occupational Affairs BPOA
to adopt a schedule of civil penalties to be imposed for lesser violations of RELRA & Commiss
R&R w/o going thru formal processes

Charging Unit, 2006 - ANS-Created by BPOA to provide better, timelier & more effective
processing of complaints. Makes prosecutorial decisions, including negotiated consent
agreements & recommendations for formal actions by prosecutors & decisions to dismiss
complaints

, PHRA Penns Human Relations Act - ANS-Prohibiting certain practices of discrimination
because of race, color, religious creed, ancestry, age or national origin by employers,
employment agencies, labor organizations and others as herein defined; creating the
Pennsylvania Human Relations Commission in the Governor's Office; defining its functions,
powers and duties; providing for procedure and enforcement; providing for formulation of an
educational program to prevent prejudice; providing for judicial review and enforcement and
imposing penalties defining "advertisement" and "advertiser"; and providing for certain forms of
advertisement, for limitations and for civil penalties.

PHRC Penns Human Relations Commission - ANS-The STATE government agency primarily
responsible for investigating & taking action regarding alleged acts of DISCRIMINATION in RE
transactions

Posting Suspension Notices - ANS-Sect 35.291 states that a broker or cemetery broker whose
license is *SUSPENDED* MUST RETURN THE LICENSE to the Commiss & prominently POST
a "Notice" at the public entrance of the MAIN OFFICE and ANY BRANCH OFFICES. Failure to
post is grounds for more further disiplinary action.

Relicensure after Revocation - ANS-Sect 501; 35.251 A revocation of a license lasts for *at least
5 yrs* from the date revocation begins. Afterwards, may petition the Commiss for
RELICENSURE. If authorized, the individual shall comply w/prevailing, currrent licensing
req'mts b4 license is issued.

Revocation - ANS-Disciplinary action taken against a licensee which requires a MIN. time-frame
of 5-YRS before a licensee may petition the Commiss for re-licensure

Practicing Without A License - ANS-Sect 305, In addition to other remedies or criminal penalties
permitted, the Commiss may levy a CIVIL PENALTY of up to $1,000 against any current
licensee who violates the Act or any person who practices RE w/o being properly licensed.

Real Estate Recovery Fund - ANS-A source of compensation for an aggrieved person (not a
spouse or rep of spouse), who obtains a final judgement (including appeals) from a court, after
all reasonable remedies have been exhausted, against a licensee upon grounds of fraud,
misrepresentation or deceit, within 1-YR of termination of proceedings.

Real Estate Recovery Fund Max - ANS-Max amt payable from fund: $20k per claim; $100k per
license

Real Estate Recovery Fund Monies - ANS-Monies for fund are collected from licensees at
renewal $10; Fees are paid into the state treasury & allocated exclusively for fund. Monies are
invested, & interest & dividends accrue. Commiss may assess add'l fee if fund drops to $300k

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Tutormodock. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for CA$11.84. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52355 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
CA$11.84
  • (0)
Add to cart
Added