Exam 100 QUESTIONS AND CORRECT

Pennsylvania Real Estate State Portion ACTUAL Exam 100 QUESTIONS AND CORRECT

ANSWERS -

according to the Pennsylvania landlord-tenant act, a tenant must be notified of the final disposition of his security deposit within what time period following the end of the time?

• within 5 days
• within 30 days
• within 60 days
• immediately upon completion of the landlord's inspection of the premises - CORRECT ANSWER-B.

within 30 days

The Pennsylvania Real Estate Commission is authorized to do all of the following EXCEPT.

• administer and enforce the laws relating to real estate activity for which licensing occurs
• adopt and enforce regulations of continuing education for licenses
• determine appropriate fees for various licenses
• oversee the services provided to a licensed by professional organizations - CORRECT ANSWER-d.

oversee the services provided to a licensed by professional organizations

According to the Real Estate Commission's regulations, an agreement of sale MUST contain the

• amount of broker's compensation
• waiver of broker's responsibility
• dates for payment and conveyance
• dates for recording an transfer of title - CORRECT ANSWER-c. dates for payment and conveyance

When a tenant who has a service or support animal applies to lease an apartment in a building which does not allow pets, which of the following rules may the landlord follow?A.Both state and federal laws require the landlord to allow any service or support animal

• the landlord must allow the service or support animal, but may change an additional deposit
• The landlord may disallow the animal if there are no other animals permitted in the building 1 / 3

• the landlord may disallow the animal if it is not federally registered as a support or service animal
• CORRECT ANSWER-A.Both state and federal laws require the landlord to allow any service or

support animal

Which of the following is NOT a requirement of a valid exclusive listing agreement?

• it must be in writing
• it must contain a specific duration
• it must be on a state- approved listing agreement form
• it must describe the services to be performed - CORRECT ANSWER-C. it must be on a state-

approved listing agreement form

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

• yes, if the appraisal is identified as a comparative market analysis
• yes, if the appraisal is done before an offer to purchase is accepted by the seller
• 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 - CORRECT ANSWER-A. yes, if the appraisal is identified as a comparative market analysis

Disciplinary action would NOT be taken against a salesperson for

• accepting a bonus commission from a seller
• failing to tell a buyer that a roof has a leak
• disclosing to a buyer that the salesperson is working for the seller
• taking a listing on a property 2 weeks before another exclusive listing on the same property has

expired - CORRECT ANSWER-C. disclosing to a buyer that the salesperson is working for the seller

A valid exclusive listing contract in Pennsylvania must contain all of the following EXCEPT

• the duration of the listing
• the commission expected
• the listing price of the property
• the automatic renewal clause - CORRECT ANSWER-D. the automatic renewal clause

The real estate commission does NOT have the power to 2 / 3

• suspend or revoke real estate licenses
• impose fines
• review escrow accounts
• certify residential appraisers - CORRECT ANSWER-d. certify residential appraisers

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

• A licensee's obligation of confidentiality ends at the conclusion of the listing contract
• A licensee is not obligated to disclose the existence of another offer during negotiations on a

purchase contract

• A licensee is required to keep confidential the price the seller would accept if lower than the list

price

• A licensee is obligated to disclose to a consumer the minimum commission split between the

licensee and the broker - CORRECT ANSWER-b. A licensee is not obligated to disclose the existence of another offer during negotiations on a purchase contract

A real estate licensee may be disciplined by the Pennsylvania real estate commission for which of the following reasons?

• inability to obtain automobile liability insurance
• habitual intoxication or drug addiction
• nonpayment of federal income taxes
• any felony conviction - CORRECT ANSWER-D. any felony conviction

The Real Estate Commission is empowered to take action against a licensee who is found to have engaged in any of the following activities EXCEPT

• making any substantial misrepresentation.

B failing to furnish a copy of a listing contract to an owner after taking a listing,

• failing to include the salesperson's name in all advertising.
• failing to provide information requested by Pennsylvania Real Estate Commission in response to a

complaint about the licensee engaging in prohibited acts. - CORRECT ANSWER-C. failing to include the salesperson's name in all advertising.

Which of the following is TRUE with respect to designated agency?

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