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RePA_Sales_S Valid Test Testking - RePA_Sales_S Related Exams

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Pennsylvania Real Estate Commission RePA_Sales_S Related Exams | Online RePA_Sales_S Version

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q48-Q53):

NEW QUESTION # 48
A listing agreement must contain all of the following EXCEPT:

A. The broker's license number.
B. The broker's compensation.
C. The duration of the listing.
D. A description of the services to be provided.

Answer: A

Explanation:
Under49 Pa. Code § 35.332 (Exclusive Listing Agreements), all listing agreements must specify the services provided, the duration of the agreement, and the compensation of the broker. However, there is no requirement to include the broker's license number.
* A listing agreement must clearly state the terms under which the broker will perform services and how they will be compensated.
* The duration of the agreement must also be specified to prevent misunderstandings.
Why the other answers are incorrect:
* Option A (Description of Services):This is a required component of the listing agreement.
* Option B (Duration of Listing):A listing agreement must have a start and end date.
* Option D (Broker's Compensation):Compensation must be clearly stated in the listing agreement.

NEW QUESTION # 49
When representing a seller, which of the following is a TRUE statement regarding the duties a licensee owes to the principal?

A. A licensee's obligation of confidentiality ends at the conclusion of the listing contract.
B. A licensee is required to keep confidential the price the seller would accept if lower than the list price.
C. A licensee is obligated to disclose to a consumer the minimum commission split between the licensee and the broker.
D. A licensee is not obligated to disclose the existence of another offer during negotiations on a purchase contract.

Answer: B

Explanation:
Alicensee has a fiduciary duty to keep the seller's pricing strategy confidential.
* 49 Pa. Code § 35.292 (Duties of Licensees Generally)states thata licensee must maintain confidentiality of information that could harm their client's negotiating position, including the minimum price the seller would accept.
* Confidentiality extends beyond the duration of the listing agreementunless the seller gives explicit permission to disclose information.
Why the other answers are incorrect:
* Option A (Confidentiality Ends After Listing):Confidentiality continueseven after the contract ends
.
* Option B (Not Disclosing Another Offer):In multiple-offer situations, disclosure may be required based on seller instructions.
* Option D (Commission Disclosure):The broker's commission arrangement isnot requiredto be disclosed to the public.
Reference:
49 Pa. Code § 35.292- Duties of Licensees Generally

NEW QUESTION # 50
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 salesperson's name appears in the ad.
B. The MLS number is not included in the ad.
C. No address is given.
D. The broker's name does not appear in the ad.

Answer: D

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 # 51
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 to the listing broker or the seller that they represent the buyer.
B. Recommend a professional inspection of the property.
C. Initiate a title search of the property.
D. Disclose their dual representation, in writing, to both buyer and seller.

Answer: A

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 # 52
What is the MINIMUM number of hours of continuing education which a real estate licensee MUST complete within the license renewal period?

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

Answer: D

Explanation:
Under49 Pa. Code § 35.382 (Continuing Education Requirements),a Pennsylvania real estate licensee must complete at least 14 hours of continuing education (CE) during each two-year renewal cycle.
* These courses must be taken through an approved real estate education provider.
* Certain renewal periods may have specific course requirements mandated by the Commission.
Why the other answers are incorrect:
* Option A (10 Hours):Too low; Pennsylvania law requires 14 hours.
* Option B (12 Hours):Falls short of the required minimum.
* Option D (16 Hours):Exceeds the required minimum.
Reference:
49 Pa. Code § 35.382- Continuing Education Requirements

NEW QUESTION # 53
......

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