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

NEW QUESTION # 48
In order to renew a real estate license in Pennsylvania, the licensee:

A. may include excess hours carried over from the previous licensing period to reach the total CE hours required for the current license term.
B. may take any combination of approved CE courses adding up to 14 hours of classroom instruction.
C. must take 14 hours of CE courses specifically mandated by the Real Estate Commission.
D. must include in the required hours of CE any course mandated by the Real Estate Commission within the current licensing period.

Answer: D

Explanation:
In Pennsylvania, a real estate licenseemust complete 14 hours of continuing education (CE) coursesduring each renewal period. Additionally,if the Pennsylvania Real Estate Commission mandates a specific CE course during the licensing cycle, licensees are required to take that course.
* 49 Pa. Code § 35.382 (Continuing Education Requirements)states that alicensee must complete the specific courses required by the Commission for each licensing cycle.
* Some renewal periods require specific courses, such as ethics or law updates, to ensure that licensees remain compliant with changing regulations.
Why the other answers are incorrect:
* Option A (14 Hours Specifically Mandated):Whilesomecourses may be mandatory, licensees can choose others from anapproved list.
* Option B (Any Combination of 14 Hours):Somespecific courses are required, meaning licensees cannot just pick any course.
* Option D (Carrying Over CE Hours):Continuing education hours do not carry overfrom one licensing period to another.

NEW QUESTION # 49
Can a licensed real estate broker prepare an appraisal for a new loan on property that the broker has listed for sale?

A. Yes, if the appraisal is identified as a comparative market analysis.
B. Yes, if the appraisal is done before an offer to purchase is accepted by the seller.
C. Yes, with proper disclosure to the lender about the broker's qualifications.
D. No, real property appraisals are not within the scope of practice for a real estate broker.

Answer: D

Explanation:
UnderThe Pennsylvania Real Estate Appraisers Certification Act (63 P.S. § 457.1-457.19),only a state- certified or licensed appraiser can perform real estate appraisals for loan purposes.
* Real estate brokers and salespersons can perform Comparative Market Analyses (CMAs) but cannot legally perform an appraisal for a lender.
* This restriction ensures that appraisals used for lending purposes meet state and federal standards.
Why the other answers are incorrect:
* Option A (CMAs as Appraisals):CMAs arenotappraisals.
* Option B (Before Offer Accepted):Thetiming of the appraisal does not change licensing requirements.
* Option C (Disclosure to Lender):Even with disclosure,brokers are not permitted to conduct appraisals for loans.

NEW QUESTION # 50
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. Advise the client as to the reason it is in their best interest to list the property closer to the comparable market value
B. Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act
C. Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive
D. Require the seller to receive an appraisal before listing the property

Answer: A

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 # 51
According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

A. Apartment with outstanding mortgage
B. Office space
C. House owned by the salesperson
D. Timeshare

Answer: D

NEW QUESTION # 52
What is the status of a person's real estate license after a claim has been paid from the Real Estate Recovery Fund to settle a claim against that licensee?

A. Active
B. Reinstated
C. Suspended
D. Inactive

Answer: C

Explanation:
Under63 P.S. § 455.803 (Real Estate Recovery Fund), if the Pennsylvania Real Estate Commissionpays out money from the Real Estate Recovery Fund due to a licensee's misconduct, the license is automatically suspended.
* A suspended license means the person cannot legally practice real estate until they reimburse the Recovery Fund for the full amount paid, plus interest.
* This is a consumer protection measure to ensure that licensees who cause financial harm cannot continue practicing until restitution is made.
* Once repayment is made, the licensee must apply for reinstatement, which is not automatic and may require a hearing.
Why the other answers are incorrect:
* Option A (Active):The license does not remain active after a payout from the fund.
* Option B (Inactive):"Inactive" means the licensee voluntarily stopped practicing, which is not the case here.
* Option C (Reinstated):Reinstatement does not occur automatically; the licensee must repay the fund and petition for reinstatement.

NEW QUESTION # 53
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