1 | P a g e | © copyright 2024/2025 | Grade A+
3-PA Real Estate Salesperson Exam:
Regulation of Conduct of Licensees
Questions and Answers (100% Pass)
Advertising From RELRA
✓ You can be fined up to $1000 or license revoked for (1)Placing a "for
sale" or "for rent" sign on or advertising any property without the written
consent of the owner, or his authorized agent, or (2)Soliciting, selling or
offering for sale real property by offering free lots, or conducting
lotteries or contests or offering prizes for the purpose of influencing by
deceptive conduct any purchaser or prospective purchaser of real
property.
Advertising From RSREC
✓ (a) A licensee may not advertise the sale or lease of real estate, or
otherwise solicit prospective buyers or tenants for the real estate,
without the authority of the seller or lessor or of the agent of the seller or
lessor.
(b) A rental listing referral agent may not publish information about a rental
property if the lessor or property manager expressly states that the property is
not to be included in lists prepared by rental listing referral agents.
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
(c) A licensee who sells or leases his own real estate shall disclose that he is a
real estate licensee in advertisements for the property. This requirement does
not apply if the property is listed with a real estate company.
(d) Brokerage companies, including sole proprietorships, cemetery
companies and rental listing referral agencies shall advertise or otherwise
hold themselves out to the public only under the business name designated
on their license.
(e) Licensees who wish to use and advertise a nickname for their first names
shall include the nickname on their licensure applications or biennial renewal
applications.
(f) An advertisement by an associate broker, salesperson, cemetery
associate broker or cemetery salesperson shall contain the business name
and telephone number of the employing broker. The names and telephone
numbers shall be of equal size.
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
(g) An advertisement by a licensee for the solicitation, sale or offering for
sale of real estate that employs lotteries or contests or that offers prizes,
certificates, gifts or free lots shall contain:
(1) A description of each prize, certificate, gift or lot offered.
(2) The prerequisites for receiving each prize, certificate, gift or lot offered.
(3) Limitation on the number of prizes, certificates, gifts or lots offered.
(4) The fair market value of each prize, certificate, gift or lot offere
Broker-Salesperson Relationship
✓ Broker can be fined up to $1000 or have license revoked
(1) In the case of a broker licensee, failing to exercise adequate supervision
over the activities of his licensed salespersons or associate brokers within the
scope of this act.
(2) In the case of a broker licensee, failing to exercise adequate supervision
over the activities of a campground membership salesperson or a time-share
salesperson within the scope of this act.
Master01 | October, 2024/2025 | Latest update
, 1 | P a g e | © copyright 2024/2025 | Grade A+
(3) Failure of a broker, campground membership salesperson or time-share
salesperson to comply with the requirements of (written agreement with
broker), or such alternative requirements established by the rules of the
commission, in connection with deposits or other moneys received by the
broker, campground membership salesperson or time- share salesperson in
conjunction with the sale of a campground membership or a time share.
General Licensee Duties
✓ Regardless of whether a licensee is acting within the scope of an
agency relationship with a consumer, a licensee owes to all consumers
to whom the licensee renders real estate services the following duties,
which may not be waived:
■ Reasonable professional skill and care
■ Honest dealings in good faith
■ Presentation, in a timely manner, of all written offers, notices, and commu-
nications to and from the parties to a transaction, except when otherwise
waived
■ Compliance with the Real Estate Seller Disclosure Act
■ An accounting, in a timely manner, for all money and property received
from or on behalf of any consumer to a transaction
■ Proper information at the initial interview
Master01 | October, 2024/2025 | Latest update
