Review PA Law

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

The legal basis for the Pennsylvania license law is derived from the state's _____.

police power

If a renewal fee is paid by mail, the letter must be _____.

postmarked by the deadline

Three members of the Pennsylvania Real Estate Commission must be _____.

public members

Which of the following is NOT a purpose of the Pennsylvania real estate license law?

regulate commission rates

An individual who owns or manages a business that collects information on rental units and refers prospective tenants is known as a(n) _____.

rental listing referral agent

To receive a time-share salesperson's license in Pennsylvania, an applicant must successfully complete prelicensing courses totaling at least _____ hours.

30

After forming or joining a qualified association, the name of the qualified association, names of owners, and information required by law must be reported to the Commission by the licensees within _____.

30 days

To receive a campground membership salesperson's license in Pennsylvania, an applicant must complete on-site training totaling at least _____.

30 days

To receive a builder-owner salesperson's license in Pennsylvania, an applicant must successfully complete prelicensing courses totaling at least _____ hours.

0

To receive a cemetery salesperson's license in Pennsylvania, an applicant must successfully complete prelicensing courses totaling at least _____ hours.

0

The Pennsylvania Real Estate Commission is composed of _____ members.

11

To renew a license, a salesperson or broker must show proof of completion of courses totaling _____ hours in each 2-year renewal period.

14

To receive a campground membership salesperson's license in Pennsylvania, an applicant must successfully complete prelicensing courses totaling at least _____ hours.

15

In order to receive a salesperson's license in Pennsylvania, a person must be _____ years old

18

To receive a cemetery salesperson's license in Pennsylvania, an applicant must be at least _____ years old.

18

In order to receive a real estate broker's license in Pennsylvania, a person must be _____ years old.

21

To receive a cemetery broker's license in Pennsylvania, a person must be _____ years old.

21

To receive a real estate broker's license in Pennsylvania, a resident must successfully complete prelicensing courses totaling _____ hours.

240

An applicant for a broker's license must pass the licensing exam within _____ years prior to the license application.

3

To receive a broker's license in Pennsylvania, an applicant must have been an active licensee for _____ years.

3

How many members of the Pennsylvania Real Estate Commission must be licensed real estate brokers?

5

A license which has become inactive can be reinstated by paying all fees and late charges, and completing 14 hours of continuing education, within _____.

5 years

Members of the Pennsylvania Real Estate Commission serve a term of _____.

5 years

To receive a cemetery broker's license in Pennsylvania, an applicant must successfully complete prelicensing courses totaling at least _____ hours

60

To receive a rental listing referral agent's license in Pennsylvania, an applicant must successfully complete prelicensing courses totaling at least _____ hours.

60

To receive a salesperson's license in Pennsylvania, a resident must successfully complete prelicensing courses totaling _____ hours.

60

To take the salesperson's licensing exam, a resident of Pennsylvania must successfully complete prelicensing courses totaling _____ hours.

60

An associate broker may engage in all of the following activities EXCEPT:

employ other licensees

While a salesperson's license is active, it is in the custody of the _____.

employing broker

If a state does not offer reciprocal licensure opportunities to Pennsylvania residents on the same basis that Pennsylvania offers to residents of that state, the reciprocal licensure applicant must _____ education, experience, and examination requirements imposed by his/her home state on Pennsylvania resident applicants.

meet

Real estate fees are determined by the _____.

Real Estate Commission

A broker may delegate responsibility of his/her branch office to _____.

an associate broker only

A member of the Pennsylvania Real Estate Commission may lose his/her seat by _____

missing three consecutive meetings

A salesperson's license is issued to and held by _____.

a broker

To be eligible for a broker's license, a corporation must designate _____.

a broker of record

A licensed salesperson may work as a licensee for _____.

a broker only

A licensed cemetery salesperson may work for _____.

a broker or cemetery broker

An associate cemetery broker may work for _____.

a broker or cemetery broker

A builder-owner salesperson may sell, negotiate the sale of, or lease real property for _____.

a builder-owner only

The Commission charges a fee for _____.

a change of name a duplicate license a change of address

A broker may be held liable for a licensee's violation of the license law if the broker permitted _____.

a course of dealing that violates the law

A quorum for the Pennsylvania Real Estate Commission is _____ members.

a majority of currently serving

Who may hold a salesperson's license in Pennsylvania after completing the education and examination requirements?

anyone over 18

The members of the Pennsylvania Real Estate Commission are _____.

appointed by the Governor

Vacancies on the Pennsylvania Real Estate Commission are filled by _____.

appointment by Governor

An applicant for a salesperson's or associate broker's who holds an out-of-state license must include in the application the name of the employer, who must _____.

be a Pennsylvania licensed broker

Anyone who receives compensation for conducting activities related to the purchase or sale or lease of real estate must _____.

be licensed

If a licensee fails to pay a renewal fee by the deadline, the license _____.

becomes inactive

Engaging in real estate activities without a license makes a person subject to _____.

both civil and criminal penalties

Someone who receives a fee or other valuable consideration from a principal for negotiating the listing, sale, purchase, exchange, lease, time-share, financing, or option for real estate is a real estate _____.

broker

The individual broker who is responsible for the real estate transactions of a partnership, association, or corporation licensed as a broker is known as the _____.

broker of record

Who may manage a branch office of a real estate brokerage?

broker or associate broker only

The chairperson of the Commission is _____

elected by Commission members

The Pennsylvania Real Estate Licensing and Registration Act (RELRA) requires a license for _____.

brokers, salespeople, and other real estate professionals

A license that becomes inactive due to a failure to pay renewal fees by the deadline _____

can be reactivated

The Commission must submit annual reports to _____.

committees of the state House of Representatives and Senate

When a person who holds a license from another state applies for licensure in Pennsylvania, he/she must have the licensing body of his/her home state supply evidence of licensure in that state and _____.

confirmation that the license is active and in good standing the address of the applicant's office and name of employing broker records of any disciplinary action

If an individual submits inaccurate or untruthful information on an application, the Commission may _____.

deny the application or take disciplinary action

In order to receive a real estate license in Pennsylvania, a person must submit _____.

details of any conviction, or plea of guilty or nolo contendere the appropriate fee a criminal background check

Unlicensed assistants CANNOT _____.

discuss mortgage rates with buyers

In order to sell time shares, licensed salespeople, associate brokers, and brokers _____.

do not need a time-share salesperson's license

In order to sell campground memberships, a licensed broker, salesperson, or time-share salesperson _____.

does not need a campground membership sales license

If an applicant for a license is a corporation, the requirement to disclose a conviction or guilty plea applies to _____.

each officer of the corporation

A renewal fee is required _____.

each time a license is renewed

One member of the Pennsylvania Real Estate Commission may be _____

either a licensed broker or cemetery broker, representing the cemetery business

Unlicensed assistants can _____.

erect "For Sale" signs

The continuing education requirements must be met _____.

every renewal period

Unlicensed assistants CANNOT _____.

explain information on listing sheets to buyers

The money on which the Pennsylvania Real Estate Commission operates comes from _____.

fees, fines, and civil penalties

Unlicensed assistants can _____.

host an open house to be attended by licensees only

If a licensee in a branch office violates a provision of the license law, the broker is liable to disciplinary action _____.

if the broker had actual knowledge of the violation

A person acting for another in real estate transactions under court order _____

is exempt from licensing

An individual who is employed by the owner of multifamily residential dwellings to manage or maintain the dwellings _____.

is exempt from licensing

An attorney-in-fact acting under a valid power of attorney _____.

is exempt from licensing requirements

An application fee is required to take a state exam and to _____.

issue a license

The Pennsylvania Real Estate Commission is created by the _____.

license law

Who can create and own a qualified association?

licensees affiliated with the same broker

If an applicant for a real estate license in Pennsylvania has been convicted of forgery, embezzlement, larceny, or a similar crime, that person _____.

may be denied a license

When is a real estate licensee allowed to pay a referral fee to an UNLICENSED party?

never

If a salesperson is on inactive status, he/she may engage in which of the following real estate activities?

none, except as a principal

A qualified association is _____.

not a licensed entity

A person who holds a real estate salesperson's license in another state may obtain a license in Pennsylvania by _____.

passing the Pennsylvania portion of the examination

The Commission must meet to solicit suggestions from the public in Harrisburg, Philadelphia, and Pittsburgh at least _____.

once per year

Someone who acts on behalf of a broker to negotiate the purchase, sale, or exchange of real estate is a real estate _____.

salesperson or associate broker

When a licensee transfers to a new broker, he/she must _____.

send the license to the Commission

Each of the following types of business entities may be a qualified association EXCEPT _____.

sole proprietorship

An application fee is required to issue an original license and to _____.

take a state exam

If a license becomes inactive, it can be reinstated after more than 5 years by _____.

taking the state exam

If a corporation licensed as a broker violates the license law or rules, who is subject to sanction?

the broker of record

When a corporation holds a broker's license, who is responsible for ensuring that anyone who acts as a licensee for the business is licensed?

the broker of record

The purpose of the Pennsylvania real estate license law is to provide protection for _____

the public and licensees

The education and examination requirements for licensure as an associate broker are _____.

the same as for a broker

The services provided by a licensed salesperson are generally _____.

the same as those performed by a broker

A broker must maintain his/her own certificate of licensure and _____.

those of all affiliated licensees

A campground membership salesperson may sell campground memberships _____.

under the supervision of a broker

A license may be renewed online _____.

up to 90 days before or 30 days after its expiration date

When are authorized employees of a utility company exempt from real estate licensing requirements?

when conducting utility-related business

When is a practicing attorney in Pennsylvania exempt from licensure as a real estate broker?

when rendering services within the attorney-client relationship

If a licensee in Pennsylvania is convicted of a felony or misdemeanor, the licensee must notify the Commission _____.

within 30 days

If a broker changes his/her business address, is he/she required to notify the Commission?

yes, within 10 days after the move


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