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These RePA_Sales_S exam question formats contain real, valid, and updated Pennsylvania Real Estate Commission RePA_Sales_S exam questions that will assist you in Pennsylvania Real Estate Commission PA Salesperson State Exam exam preparation and enable you to pass the challenging Pennsylvania Real Estate Commission RePA_Sales_S Exam with good scores. The Pennsylvania Real Estate Commission RePA_Sales_S questions are prepared by highly experienced professionals and, thus, are kept to the point and concise.

Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q29-Q34):

NEW QUESTION # 29
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. No, real property appraisals are not within the scope of practice for a real estate broker.
C. Yes, if the appraisal is done before an offer to purchase is accepted by the seller.
D. Yes, with proper disclosure to the lender about the broker's qualifications.

Answer: B

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 # 30
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. must take 14 hours of CE courses specifically mandated by the Real Estate Commission.
C. must include in the required hours of CE any course mandated by the Real Estate Commission within the current licensing period.
D. may take any combination of approved CE courses adding up to 14 hours of classroom instruction.

Answer: C

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 # 31
A "For Sale by Owner" property owner has offered a flat fee to any licensee who procures a buyer. The owner's terms specify that 50% of the fee is payable upon contract acceptance, with the other 50% payable upon transfer of title. A CORRECT statement about this arrangement is that it is:

A. in violation of license law since all compensation must be paid at closing.
B. acceptable if the fee is paid to the employing broker.
C. in violation of license law since compensation for real estate sales can come only from listed properties.
D. acceptable if the fee does not exceed the prevailing commission rate.

Answer: B

Explanation:
Under49 Pa. Code § 35.283 (Compensation and Commission),a salesperson can only receive payment through their employing broker. This means thatif the flat fee is paid to the broker (not directly to the salesperson), then the arrangement is legal.
* Commission does not have to be paid at closing; payment terms can be negotiated, including split payments.
* For Sale by Owner (FSBO) properties are not required to be listed with a brokerage, so compensation can still be earned if a licensee brings a buyer.
Why the other answers are incorrect:
* Option B (Commission Rate Limitations):There areno "prevailing" commission ratessince commissions are always negotiable.
* Option C (Compensation Must Be at Closing):Commission can bestructured differently(e.g., partial upfront payment).
* Option D (Only Listed Properties Qualify for Commission):Agents can earn commission on FSBOsas long as the broker is involved.

NEW QUESTION # 32
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: B

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.

NEW QUESTION # 33
A salesperson who operates as an independent contractor for a broker is seldom in the office. Earnest money deposits received by this salesperson:

A. May be kept temporarily in an escrow account opened by the salesperson.
B. Should be returned to the buyer to transmit to the broker.
C. Should be transmitted promptly after receipt to the broker.
D. May be held by the salesperson for 3 business days.

Answer: C

Explanation:
Under49 Pa. Code § 35.324 (Handling of Deposits and Escrow Money), all earnest money deposits must be promptly transmitted to the employing broker for deposit into an escrow account.
* A salesperson cannot hold earnest money or maintain an escrow account on their own.
* Brokers are responsible for ensuring that all escrow funds are properly handled and protected from commingling.
Why the other answers are incorrect:
* Option A (Salesperson Holding Escrow Funds):Salespersons are prohibited from maintaining independent escrow accounts.
* Option C (Holding Funds for 3 Days):Earnest money must be turned over to the broker as soon as possible; salespersons cannot hold it for any period.
* Option D (Returning to Buyer for Transmission):Earnest money must go directly to the broker, not back to the buyer.

NEW QUESTION # 34
......

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Exam RePA_Sales_S Guide Materials & Download RePA_Sales_S Fee

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q29-Q34):

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