Valid Pennsylvania Real Estate Commission RePA_Sales_S Exam Pdf | RePA_Sales_S Exam Test

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q34-Q39):

NEW QUESTION # 34
When a licensed salesperson changes from one broker to another, the Pennsylvania Real Estate Commission MUST be notified within how many days after the intended date of the change?

A. 0
B. 1
C. 2
D. 3

Answer: C

Explanation:
Under49 Pa. Code § 35.301 (Changes in Employment Status),a salesperson must notify the Pennsylvania Real Estate Commission within 10 days of switching brokers.
* This ensures that the Commission's records remain up-to-date and that the salesperson is properly licensed under a supervising broker.
* Failure to report the change within 10 days can result in disciplinary action.
Why the other answers are incorrect:
* Option A (5 Days):The regulation clearly states10 days, not 5.
* Option C (15 Days):Thisexceeds the allowed time framefor notification.
* Option D (30 Days):Waiting 30 days is too long and would violate Pennsylvania licensing laws.

NEW QUESTION # 35
In the normal course of practicing real estate, a licensed real estate salesperson may:

A. Pay a referral fee directly to another licensed salesperson.
B. Receive commission and bonuses through their broker.
C. Agree to split commissions with another licensee and pay the split directly to the other licensee.
D. Directly receive a commission from the buyer as well as the seller.

Answer: B

Explanation:
Under49 Pa. Code § 35.283 (Compensation and Commission), asalesperson may only receive compensation through their employing broker.All commissions, bonuses, or referral fees must be paid by the broker and not directly to or from another licensee.
* A real estate salesperson cannot accept direct payment from clients, buyers, or sellers.
* Any bonus or commission earned must first go to the broker, who then distributes the appropriate amount to the salesperson.
Why the other answers are incorrect:
* Option A (Direct Commission from Buyer & Seller):Salespersonscannot accept direct payments from clients; all payments must go through their broker.
* Option B (Pay Referral Fee to Another Salesperson):Only brokers can pay referral fees.A salespersoncannotpay another licensee.
* Option D (Split Commission Directly with Another Licensee):Commissionsmust be handled by the broker, not between individual agents.

NEW QUESTION # 36
If a client requests to list their home for much more than the comparable market analysis (CMA) recommends, what is the duty of the salesperson?

A. Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive
B. Advise the client as to the reason it is in their best interest to list the property closer to the comparable market value
C. Require the seller to receive an appraisal before listing the property
D. Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act

Answer: B

Explanation:
Areal estate licensee has a fiduciary duty to provide honest, professional advice to their clients, including pricing strategies based oncomparative market analysis (CMA).
* Under 49 Pa. Code § 35.292 (Duties of Licensees Generally), a licensee must act in the best interest of the client, which includes providing realistic pricing guidance.
* If a seller insists on listing at an inflated price, the agent should educate them on the risks, such as longer market time and reduced buyer interest.
* While the agent cannot force a seller to list at a lower price, they must ensure that the client makes an informed decision.
Why the other answers are incorrect:
* Option A (Require an Appraisal):CMAs are typically sufficient for pricing; an appraisal is only required in specific cases (e.g., lender requirements).
* Option B (Refuse the Listing):Overpricing is not illegal, so there is no licensing violation in accepting the listing.
* Option D (Providing Investment Advice):Real estate licensees are not financial advisorsand should not offer investment strategies.

NEW QUESTION # 37
A broker has been hired by a buyer to find an investment property. Upon locating a suitable property listed by another firm, the broker MUST:

A. Disclose their dual representation, in writing, to both buyer and seller.
B. Recommend a professional inspection of the property.
C. Disclose to the listing broker or the seller that they represent the buyer.
D. Initiate a title search of the property.

Answer: C

Explanation:
Under49 Pa. Code § 35.311 (Duties of Buyer's Agent),a buyer's agent must disclose their relationship to the listing broker or seller before providing substantive services.
* This ensures that all parties understand who represents whom in the transaction.
* Failure to disclose agency relationships could result in ethical violations and penalties from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Initiate a Title Search):This is typically done by the buyer's attorney or title company,not the real estate broker.
* Option B (Recommend an Inspection):While good practice,it is not legally required under agency law.
* Option C (Disclose Dual Representation):This is incorrect because the broker is not acting as a dual agent in this case.

NEW QUESTION # 38
The provisions of the Real Estate Licensing and Registration Act apply to:

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

Answer: A

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 # 39
......

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Valid Pennsylvania Real Estate Commission RePA_Sales_S Exam Pdf | RePA_Sales_S Exam Test

[Genuine Information] Pennsylvania Real Estate Commission RePA_Sales_S Exam Questions with 100% Success Guaranteed

Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q34-Q39):

Updated Pennsylvania Real Estate Commission Questions Ensure Thorough RePA_Sales_S Exam Preparation

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