LATEST REPA_SALES_S MOCK TEST - REPA_SALES_S RELIABLE TORRENT

Latest RePA_Sales_S Mock Test - RePA_Sales_S Reliable Torrent

Latest RePA_Sales_S Mock Test - RePA_Sales_S Reliable Torrent

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q35-Q40):

NEW QUESTION # 35
Which of the following conditions MUST be met before a licensee participates in the sale of real property in which the licensee has an ownership interest?

  • A. The percentage of the licensee's ownership interest must be stated on the sales contract.
  • B. The Pennsylvania Real Estate Commission must be notified of the transaction.
  • C. The listing agreement must identify the licensee's name and status as a licensee.
  • D. The licensee must provide written disclosure of the ownership interest to all parties.

Answer: D

Explanation:
Under49 Pa. Code § 35.283 (Disclosure of Interest),a real estate licensee must disclose in writing if they have a direct or indirect ownership interest in a property they are selling or purchasing.
* This disclosure ensures transparency and prevents conflicts of interest.
* Failure to disclose ownership interest could be considered fraudulent and result in disciplinary action by the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Commission Notification Required):TheCommission does not need to be notifiedunless a violation occurs.
* Option B (Listing Agreement Disclosure):Disclosure isnot required in the listing agreementbut must be made to all parties.
* Option D (Percentage of Ownership on Contract):The specificpercentage of ownership is not required to be on the contract; general disclosure is sufficient.


NEW QUESTION # 36
According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?

  • A. Failure to disclose the licensee's use of a third party to acquire property listed by the licensee's office
  • B. Failure to engage legal counsel to respond to a Commission request for information stemming from a complaint about the licensee
  • C. Taking a listing that has a duration of only 2 months
  • D. Negotiating a commission that seriously undercuts those of other brokerage firms

Answer: A

Explanation:
A real estate licensee in Pennsylvania isprohibited from failing to disclose any personal interestin a transaction. This includesusing a third party to purchase property listed by the licensee's own office.
* 49 Pa. Code § 35.283 (Disclosure of Interest)requires that alicensee must disclose any financial interest they have in a transaction.
* If a licensee arranges for a third party (such as a relative or business associate) to purchase a property without disclosure, this is considered a serious ethical violation.
Why the other answers are incorrect:
* Option A (Short Listing Duration):Listingsdo not have a minimum required time period, so a2- month duration is permissible.
* Option B (Undercutting Commission):Commission feesare negotiable, and the Real Estate Commission does not set a minimum fee.
* Option D (Legal Counsel Not Required):Licenseesare not required to hire legal counselto respond to Commission complaints, but they must respond honestly and fully.


NEW QUESTION # 37
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. Pay a referral fee directly to another licensed salesperson.
  • C. Receive commission and bonuses through their broker.
  • D. Directly receive a commission from the buyer as well as the seller.

Answer: C

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 # 38
A broker has been hired by a buyer to find an investment property. Upon locating a suitable property listed by another firm, the broker MUST:

  • A. Recommend a professional inspection of the property.
  • B. Initiate a title search of the property.
  • C. Disclose their dual representation, in writing, to both buyer and seller.
  • D. Disclose to the listing broker or the seller that they represent the buyer.

Answer: D

Explanation:
Under49 Pa. Code § 35.311 (Duties of Buyer's Agent),a buyer's agent must disclose their relationship to the listing broker or seller before providing substantive services.
* This ensures that all parties understand who represents whom in the transaction.
* Failure to disclose agency relationships could result in ethical violations and penalties from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Initiate a Title Search):This is typically done by the buyer's attorney or title company,not the real estate broker.
* Option B (Recommend an Inspection):While good practice,it is not legally required under agency law.
* Option C (Disclose Dual Representation):This is incorrect because the broker is not acting as a dual agent in this case.


NEW QUESTION # 39
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:

  • A. Failing to furnish a copy of a listing contract to an owner after taking a listing.
  • B. Making any substantial misrepresentation.
  • C. Failing to provide information requested by the Pennsylvania Real Estate Commission in response to a complaint about the licensee engaging in prohibited acts.
  • D. Failing to include the salesperson's name in all advertising.

Answer: D

Explanation:
Under49 Pa. Code § 35.305 (Business Name on Advertisements),advertisements must include the broker' s name but are not required to include the salesperson's name.
* While a salesperson's name may appear in an ad, it is not a required element under Pennsylvania law.
* However, failing to disclose key information in an ad, such as the broker's name, could result in disciplinary action.
Why the other answers are incorrect:
* Option A (Misrepresentation):Misrepresentation is a serious offense and can lead to suspension or revocation.
* Option B (Failing to Provide Listing Contract):Acopy of the listing contract must be furnished to the seller at the time of signing.
* Option D (Failing to Provide Information to the Commission):Failure to respond to an investigation can result in fines, suspension, or revocation.


NEW QUESTION # 40
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