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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q20-Q25):

NEW QUESTION # 20
A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?

A. At the closing
B. In a reasonably practicable period of time
C. Within 1 business day of the offer's acceptance
D. Within 24 hours of the offer's acceptance

Answer: C

Explanation:
Under49 Pa. Code § 35.331 (Written Agreements Generally),all parties must receive a copy of a signed offer within 1 business day of acceptance.
* This ensures that buyers and sellers have full documentation of the transaction.
* Delaying delivery of signed contracts can lead to disputes and potential violations of real estate regulations.
Why the other answers are incorrect:
* Option A (24 Hours):While fast delivery is preferred, thelaw specifically states "1 business day."
* Option C (At Closing):Buyers must receive a copywell before closing.
* Option D (Reasonably Practicable Time):This istoo vagueand does not meet thespecific 1-business- day requirement.

NEW QUESTION # 21
What MAXIMUM length of time may a salesperson's real estate license be inactive before reactivation ceases to be possible without retaking and passing the licensing examination?

A. 5 years
B. 4 years
C. 3 years
D. 2 years

Answer: A

Explanation:
If a real estate license is inactive formore than 5 years, the licenseemust retake and pass the licensing exam to reinstate their license.
* 49 Pa. Code § 35.251 (Relicensure Following Revocation or Inactive Status)states that alicensee who has been inactive for over 5 years must complete all initial licensing requirements again, including the exam.
* A licensee can keep their license in inactive status indefinitely, but after 5 years, it requires reexamination.
Why the other answers are incorrect:
* Option A (2 Years) & Option B (3 Years):Licenseesmay reactivate their license within this period without retaking the exam.
* Option C (4 Years):Thelimit is 5 years, not 4.

NEW QUESTION # 22
The provisions of the Real Estate Licensing and Registration Act apply to:

A. An attorney-at-law who participates in real estate transactions on behalf of a client.
B. A licensed auctioneer who is auctioning property.
C. A real estate licensee selling real estate they own.
D. A trustee who participates in real estate transactions under the authority of a court order.

Answer: C

Explanation:
Under63 P.S. § 455.304 (Exemptions from Licensing Requirements),most individuals selling their own property are exempt from real estate licensing requirements.However, a real estate licensee selling their own real estate must comply with disclosure laws and ethical obligations.
* If a real estate licensee sells their own property, they must disclose in all advertising that they are a licensed real estate professionalto avoid misleading the public.
* While a non-licensee selling their own property is not covered under real estate licensing laws, a licensed salesperson must adhere to licensing and disclosure laws.
Why the other answers are incorrect:
* Option A (Trustee under Court Order):Court-appointed trustees are exempt from real estate licensing requirements.
* Option B (Attorney Representing Clients):Attorneys are permitted to handle real estate transactions as part of their legal practice without a real estate license.
* Option D (Licensed Auctioneer):Auctioneers selling real estate are regulated under separate auctioneer licensing laws, not real estate licensing laws.

NEW QUESTION # 23
Why is the following advertisement placed by a salesperson employed by ABC Realty, in violation of Pennsylvania Rules?
"Harrisburg $200,000 SUPER BUY Cozy 3br, 2 1/2 bath Cottage, near bus. For info call 555-9234 (home) or
675-6330 (office). Ask for JOHN DOE."

A. The MLS number is not included in the ad.
B. No address is given.
C. The broker's name does not appear in the ad.
D. The salesperson's name appears in the ad.

Answer: C

Explanation:
According to49 Pa. Code § 35.305(Business Name on Advertisements), alladvertisements placed by a salesperson must include the broker's name.
* Thebroker's name is missing, which violates Pennsylvania advertising requirements (Option C - Correct).
* The property address does not need to be in the ad (Option A - Incorrect).
* Salesperson names are allowed but must be accompanied by the broker's name (Option B - Incorrect).
* MLS numbers are not a requirement in all advertisements (Option D - Incorrect).

NEW QUESTION # 24
A salesperson who operates as an independent contractor for a broker is seldom in the office. Earnest money deposits received by this salesperson:

A. May be kept temporarily in an escrow account opened by the salesperson.
B. Should be transmitted promptly after receipt to the broker.
C. May be held by the salesperson for 3 business days.
D. Should be returned to the buyer to transmit to the broker.

Answer: B

Explanation:
Under49 Pa. Code § 35.324 (Handling of Deposits and Escrow Money), all earnest money deposits must be promptly transmitted to the employing broker for deposit into an escrow account.
* A salesperson cannot hold earnest money or maintain an escrow account on their own.
* Brokers are responsible for ensuring that all escrow funds are properly handled and protected from commingling.
Why the other answers are incorrect:
* Option A (Salesperson Holding Escrow Funds):Salespersons are prohibited from maintaining independent escrow accounts.
* Option C (Holding Funds for 3 Days):Earnest money must be turned over to the broker as soon as possible; salespersons cannot hold it for any period.
* Option D (Returning to Buyer for Transmission):Earnest money must go directly to the broker, not back to the buyer.

NEW QUESTION # 25
......

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