REAL REPA_SALES_S QUESTIONS - RELIABLE STUDY REPA_SALES_S QUESTIONS

Real RePA_Sales_S Questions - Reliable Study RePA_Sales_S Questions

Real RePA_Sales_S Questions - Reliable Study RePA_Sales_S Questions

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Tags: Real RePA_Sales_S Questions, Reliable Study RePA_Sales_S Questions, Valid RePA_Sales_S Exam Topics, RePA_Sales_S Latest Exam Cost, Examcollection RePA_Sales_S Dumps

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Free PDF Pennsylvania Real Estate Commission - RePA_Sales_S Latest Real Questions

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q12-Q17):

NEW QUESTION # 12
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 compensation for real estate sales can come only from listed properties.
  • B. acceptable if the fee is paid to the employing broker.
  • C. in violation of license law since all compensation must be paid at closing.
  • 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 # 13
A salesperson secures a listing priced at $110,000. A prospective buyer asks the salesperson to write a
$65,000 offer for the property. The salesperson should:

  • A. Suggest that the buyer have another licensee prepare the offer.
  • B. Prepare the offer as requested but not waste the seller's time presenting it.
  • C. Advise the buyer to offer more for the property since the seller is unlikely to accept such a low offer.
  • D. Prepare the offer as requested and present it to the seller.

Answer: D

Explanation:
Under49 Pa. Code § 35.292 (Duties of Licensees Generally),a real estate licensee is required to present all written offers to the seller, regardless of the amount.
* It is the seller's right to accept, reject, or counter an offer, not the salesperson's decision.
* A salesperson cannot refuse to submit an offer based on personal opinions about the price.
* Presenting all offers ensures fair dealings and upholds fiduciary duty to the seller.
Why the other answers are incorrect:
* Option B (Not Waste the Seller's Time):It is the seller's decision to accept or reject an offer, not the salesperson's.
* Option C (Advise Buyer to Offer More):A licensee must remain neutral and cannot pressure a buyer to increase their offer.
* Option D (Suggest Buyer Use Another Agent):There is no reason to transfer the buyer to another agent. The agent must present the offer.


NEW QUESTION # 14
According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

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

Answer: C


NEW QUESTION # 15
If a salesperson representing a buyer gets information from the seller's agent as to the status of the real estate transaction, what is the buyer's agent REQUIRED to do?

  • A. Advise the listing broker as to the status of the transaction.
  • B. Advise the seller as to the status of the transaction.
  • C. Advise the buyer as to the status of the transaction.
  • D. Advise the loan officer as to the status of the transaction.

Answer: C

Explanation:
Under49 Pa. Code § 35.284(Disclosures of Business Relationships), abuyer's agenthas afiduciary dutyto their client. This means the agent mustact in the buyer's best interestandcommunicate all material informationregarding the transactionto the buyer.
* The buyer's agent's primary responsibility is to the buyer (Option B - Correct).
* The buyer's agent does not have any fiduciary duty to the seller (Option A - Incorrect).
* The buyer's agent is not required to inform the listing broker (Option C - Incorrect).
* The loan officer does not have the same level of involvement in fiduciary duties as the buyer (Option D - Incorrect).


NEW QUESTION # 16
What MUST a salesperson licensee convicted of a felony do?

  • A. Terminate all real estate activities
  • B. Provide the Real Estate Commission with information about the conviction
  • C. Immediately turn in the real estate license to the Real Estate Commission
  • D. Discuss the matter with the employing broker to decide what to do

Answer: B

Explanation:
According to49 Pa. Code § 35.288under"Reporting of Crimes and Disciplinary Actions", all licensees in Pennsylvania arerequired to notifythePennsylvania Real Estate Commissioninwritingwithin30 daysof any felony or misdemeanor conviction.
* A licensee doesnotautomatically lose their license upon conviction, but theCommission will reviewthe case and may takedisciplinary actionsuch as suspension or revocation of the license.
* Failing to reportthe conviction within the required time mayresult in additional penalties.
* Immediate license surrender (Option A)isnotrequired.
* Discussing with the broker (Option B)is not a sufficient step since theofficial duty is to inform the Commission.
* Terminating all activities (Option D)is not an automatic requirement unless theCommission suspends or revokes the license.


NEW QUESTION # 17
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