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What is the name of the current Pennsylvania real estate license law?

Real Estate Licensing and Registration Act

In Pennsylvania, a mobile home is considered to be real property when:

It is transferred with an interest in the land on which the vehicle is permanently attached and the vehicle registration is canceled

A rental listing referral agent is permitted to supervise how many rental listing referral offices?

1

A candidate for licensure as a salesperson having received a bachelor's degree from an accredited college and having completed coursework equivalent to a major in real estate at that college is required to have how many additional credits in real estate instruction?

0

Within how many days prior to the collection of a fee from a prospective tenant must a rental listing referral agent verify the availability of rental units?

4

All of the following persons are individuals who are allowed to provide a recommendation attesting to the good reputation of a broker licensure candidate EXCEPT:

Two persons unrelated to the applicant who own a real estate business in the county where the applicant previously resided.

Which one of the following requirements must be met by a Pennsylvania real estate licensee before either a buyer or a seller signs an agreement of sale?

The buyer and / or seller must be provided with a written estimate of reasonable foreseeable expenses associated with the sale.

Any agreement of sale in Pennsylvania shall contain all of the following provisions EXCEPT:

The dates for the payment of the consideration and the conveyance of the mortgage.

The word commingle, as it relates to the real estate license law, means:

The mixing of the property of a principal by a broker with that of his own.

Which of the following statements regarding a broker's escrow account is true?

The broker of record may give a licensed salesperson in her office written authority to withdraw funds from the broker's escrow account.

The broker of record may give an employed but unlicensed secretary in her office written authority to deposit money into the broker's escrow account.

The individual agent who is responsible for the rental listing transactions of a partnership, association, or corporation that holds a license for such rental listing information is known as a:

Manager of Record

An individual licensed as a salesperson in another state who now wishes to have a standard license as a Pennsylvania salesperson, would be eligible if he/she:

Possess a salesperson's real estate license from the other state that has been active within the last 5 years prior to submitting a license application.

All of the following are requirements for a Pennsylvania real estate office EXCEPT:

The office shall have a separate entrance into the residence if the office is located in a private residence.

All of the following are requirements regarding Pennsylvania real estate licenses EXCEPT:

The current license of all licensees affiliated with a broker shall be displayed in a conspicuous place at the main office and at all branch offices.

A licensee in Pennsylvania who is convicted of either a felony or misdemeanor is required to:

Inform the Real Estate Commission about the conviction within 30 days.

Failure of a broker whose license is suspended to post a notice of the Real Estate Commission suspension would result in

Further disciplinary action

All of the following are requirements for a cemetery broker's license EXCEPT:

Have completed 16 credits or 240 hours of instruction

Which one of the following real estate courses is a required core course of the sixteen credits necessary to qualify for a broker's license:

Real Estate Law

Upon the death of a broker with a sole proprietorship real estate business, the deceased broker's estate may notify the Commission that it has appointed another licensed broker to supervise the termination of the deceased broker business. Within how many days must the new licensed broker be appointed?

15 days

Within how many days must unexpired listing agreements of a deceased broker with a sole proprietorship expire?

90 days

If a dispute arises between the parties to a real estate transaction over entitlement to money that is being held in escrow by a broker and a resolution of the dispute seems remote without legal action, the broker has the option to:

Petition the County Court having jurisdiction for a resolution following thirty days notice to the parties.

The monetary per diem compensation provided for all members of the Pennsylvania Real Estate Commission, other than the Commissioner of Professional and Occupational Affairs, for time actually devoted to the business of the Commission is:

$60 per day in addition to reasonable expenses

If an applicant for a broker's license is a corporation, then the qualifications for the license shall apply to:

The broker of record

The Real Estate Commission is required to submit an annual report to the Pennsylvania Senate and House of Representatives that indicates:

A description of types of complaints received

All of the following are steps required by an aggrieved person to show that fraud, misrepresentation or deceit occurred in a real estate transaction by a Pennsylvania real estate licensee in order to collect money from the Real Estate Recovery Fund EXCEPT:

That he is the spouse of the debtor or the personal representative of that spouse

All of the following are prohibited acts of Pennsylvania real estate licensees EXCEPT:

Failure to preserve records for any real estate transaction for three years following execution

A broker must disclose a statement describing the purpose of the Real Estate Recovery Fund and the telephone number of the Real Estate Commission in:

The agreement of sale

The listing agreement

A person who is convicted in court for a first offense of engaging in the real estate business without a license shall be

Sentenced to pay a fine not exceeding $500 and/or suffer imprisonment not exceeding three months

A Pennsylvania real estate associate broker may be employed by

Only the broker designated in the current license

If an earnest money deposit is given by a buyer to the listing broker rather than the selling broker, who is responsible for placing the money in an escrow account?

The listing broker