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Pennsylvania Real Estate Commission RePA_Sales_S Latest Mock Exam | New RePA_Sales_S Test Preparation

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q44-Q49):

NEW QUESTION # 44
An exclusive listing MUST be in writing and it MUST:

A. contain a provision allowing the owner to cancel all exclusive features within 24 hours' notice
B. be signed by the cooperating broker
C. contain provisions regarding acceptable financing arrangements
D. specify the duration of the listing

Answer: D

Explanation:
Allexclusive listing agreements in Pennsylvania MUST specify their duration in writing.
* 49 Pa. Code § 35.332 (Exclusive Listing Agreements)states thatall exclusive listings must have a definite start and end date.
* Listings without an expiration date are considered illegaland unenforceable in Pennsylvania.
Why the other answers are incorrect:
* Option A (Cancellation in 24 Hours):There is no legal requirement for a 24-hour cancellation clause.
* Option B (Financing Arrangements):Financing provisionsare not a required part of a listing agreement.
* Option C (Signed by Cooperating Broker):A cooperating broker's signatureis not required. Only the listing broker and seller need to sign the agreement.

NEW QUESTION # 45
A listing agreement must contain all of the following EXCEPT:

A. The broker's license number.
B. A description of the services to be provided.
C. The broker's compensation.
D. The duration of the listing.

Answer: A

NEW QUESTION # 46
Why is the following advertisement placed by a salesperson employed by ABC Realty, in violation of Pennsylvania Rules?
"Harrisburg $200,000 SUPER BUY Cozy 3br, 2 1/2 bath Cottage, near bus. For info call 555-9234 (home) or
675-6330 (office). Ask for JOHN DOE."

A. The broker's name does not appear in the ad.
B. The salesperson's name appears in the ad.
C. The MLS number is not included in the ad.
D. No address is given.

Answer: A

Explanation:
According to49 Pa. Code § 35.305(Business Name on Advertisements), alladvertisements placed by a salesperson must include the broker's name.
* Thebroker's name is missing, which violates Pennsylvania advertising requirements (Option C - Correct).
* The property address does not need to be in the ad (Option A - Incorrect).
* Salesperson names are allowed but must be accompanied by the broker's name (Option B - Incorrect).
* MLS numbers are not a requirement in all advertisements (Option D - Incorrect).

NEW QUESTION # 47
If known, the listing broker MUST disclose which of the following to a prospective buyer?

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

Answer: C

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 # 48
According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

A. Apartment with outstanding mortgage
B. Office space
C. House owned by the salesperson
D. Timeshare

Answer: D

NEW QUESTION # 49
......

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