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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q49-Q54):

NEW QUESTION # 49
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 # 50
A real estate ad in a newspaper placed by a salesperson MUST include the:

A. Employing broker's name and phone number.
B. Legal description of the property.
C. Name of the principal.
D. Municipality in which the property is located.

Answer: A

Explanation:
Under49 Pa. Code § 35.305 (Business Name on Advertisements),any advertisement placed by a real estate salesperson must include the name and phone number of their employing broker.
* This ensures that the public knows which brokerage is responsible for the property listing and avoids misleading or unverified advertisements.
* A salesperson cannot advertise properties without clearly identifying their broker to ensure compliance with advertising regulations.
Why the other answers are incorrect:
* Option A (Municipality):While useful,this is not required in every ad.
* Option B (Legal Description):A legal property descriptionis not requiredfor advertisements.
* Option D (Name of the Principal):The seller's name does not need to be included in advertisements.

NEW QUESTION # 51
In the normal course of practicing real estate, a licensed real estate salesperson may:

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

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 # 52
If known, the listing broker MUST disclose which of the following to a prospective buyer?

A. That the seller has filed for divorce
B. That the seller has accepted a position in another state
C. That the seller's mortgage is assumable
D. That the seller's water system is contaminated

Answer: D

Explanation:
Alicensee must disclose all material defectsrelated to the property,including known issues like a contaminated water system.
* Under 68 P.S. §§ 7303-7304 (Real Estate Seller Disclosure Law), the seller and broker must disclose all material defects affecting the property's value or safety.
* A contaminated water system is considered a health and safety issue and must be disclosed to the buyer.
Why the other answers are incorrect:
* Option A (Assumable Mortgage):This is afinancial issue, not a material defect.
* Option B (Seller's New Job):The seller's personal situationdoes not affect the property's condition.
* Option C (Divorce):Divorce is private informationand does not need to be disclosed.

NEW QUESTION # 53
What are the permitted relationships between licensees and consumers as defined by the "Consumer Notice" and Pennsylvania regulations?

A. Buyer agent, seller agent, designated agent, dual agent, and transaction licensee.
B. Buyer agent, buyer sub-agent, seller agent, seller sub-agent, and dual agent.
C. Buyer agent, seller agent, designated agent, dual agent, and rental agent.
D. Buyer agent, seller agent, designated dual agent, and transaction licensee.

Answer: A

Explanation:
Under49 Pa. Code § 35.284 (Disclosures of Business Relationships),the Consumer Notice defines five types of permitted relationships between real estate licensees and consumers:
* Buyer's Agent- Represents the buyer and has a fiduciary duty to them.
* Seller's Agent (Listing Agent)- Represents the seller and has a fiduciary duty to them.
* Designated Agent- A brokerage firm designates different agents to represent buyers and sellers in the same firm without creating dual agency.
* Dual Agent- A licensee represents both the buyer and seller in the same transaction, with mutual consent.
* Transaction Licensee- A real estate licensee who provides services but does not represent either party as an agent.
Why the other answers are incorrect:
* Option A (Rental Agent):"Rental agent" is not a defined relationship in Pennsylvania law.
* Option B (Buyer & Seller Sub-Agent):Sub-agency is no longer common and is not a required disclosure.
* Option D (Designated Dual Agent):Dual agency and designated agency are separate concepts.

NEW QUESTION # 54
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