Oct 21, 2025 Newest RePA_Sales_S Exam Dumps – Achieve Success in Actual RePA_Sales_S Exam [Q22-Q47]

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Oct 21, 2025 Newest RePA_Sales_S Exam Dumps – Achieve Success in Actual RePA_Sales_S Exam

Updated Pennsylvania Real Estate Commission RePA_Sales_S Dumps – Check Free RePA_Sales_S Exam Dumps (2025)

NEW QUESTION # 22
In the normal course of practicing real estate, a licensed real estate salesperson may:

  • A. Directly receive a commission from the buyer as well as the seller.
  • B. Receive commission and bonuses through their broker.
  • C. Agree to split commissions with another licensee and pay the split directly to the other licensee.
  • D. Pay a referral fee directly to another licensed salesperson.

Answer: B

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.
Reference:
49 Pa. Code § 35.283- Compensation and Commission


NEW QUESTION # 23
A licensee meets with a couple to discuss listing their home, and the couple ends the meeting by signing a listing agreement. State law REQUIRES that the couple receive a copy of the agreement:

  • A. at the time their signatures are obtained.
  • B. after the licensee obtains their employing broker's signature.
  • C. within 5 business days from the time the agreement was signed.
  • D. after the cancellation period has expired.

Answer: A

Explanation:
Under49 Pa. Code § 35.331 (Written Agreements Generally),a copy of any written agreement (including listing agreements) must be provided to the parties at the time of signing.
* This rule ensures transparency and protects clients from unauthorized changes to agreements.
* Failure to provide an immediate copy is a violation of Pennsylvania real estate regulations.
Why the other answers are incorrect:
* Option B (Broker Signature First):Thebroker does not need to sign before providing a copy to the client.
* Option C (After Cancellation Period):There is no required waiting period before providing a copy.
* Option D (Within 5 Days):The law statesit must be immediate, not within 5 days.


NEW QUESTION # 24
The Pennsylvania Real Estate Commission has received a written complaint that a licensee is engaging in an activity prohibited by the Real Estate Licensing and Registration Act. What action is the Commission empowered to take?

  • A. Suspend the licensee's license for a period not to exceed 6 months.
  • B. Ascertain the facts and, if warranted, hold a hearing.
  • C. Serve the licensee with a cease and desist order.
  • D. Transfer the matter to civil authorities in the county in which the alleged activity occurred.

Answer: B

Explanation:
ThePennsylvania Real Estate Commission (PREC)has the power toinvestigate complaints, hold hearings, and impose disciplinary actionsunder63 P.S. § 455.404 (Powers of the Commission).
* The Commission will first investigate the complaint to determine if the allegations are valid.
* If warranted, the Commission will hold a formal hearing to decide on appropriate disciplinary action.
* Possible penalties include fines, suspension, or revocation of the license.
Why the other answers are incorrect:
* Option A (Automatic 6-Month Suspension):The Commission does not impose automatic suspensions; each case is reviewed individually.
* Option C (Cease and Desist Order):This is typically used forunlicensed real estate activities, not licensed misconduct.
* Option D (Transfer to Civil Authorities):While some cases (e.g., fraud) may be referred to law enforcement, theCommission itself first investigates.
Reference:
63 P.S. § 455.404- Powers of the Commission


NEW QUESTION # 25
An exclusive listing MUST be in writing and it MUST:

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

Answer: C

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.
Reference:
49 Pa. Code § 35.332- Exclusive Listing Agreements


NEW QUESTION # 26
If a licensee advertises prizes as part of a promotion for the sale of real estate, which of the following must be disclosed in the advertisement?

  • A. The fair market value of the prize.
  • B. How many others have won similar prizes.
  • C. The names of any stores that will exchange the prize.
  • D. Where the prize was manufactured.

Answer: A

Explanation:
Under49 Pa. Code § 35.305 (Business Name on Advertisements), a real estate licensee must disclose the fair market value of any prizes, gifts, or incentives offered as part of a sales promotion.
* This ensures transparency and prevents misleading advertisements that might influence a consumer's decision based on exaggerated prize values.
* Failure to disclose the fair market value could result in penalties or disciplinary action from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option B (Where the Prize Was Manufactured):There is no requirement to disclose where a prize was made.
* Option C (How Many Others Have Won):The law does not require disclosure of the number of previous winners.
* Option D (Names of Stores for Exchange):There is no requirement to provide names of stores that would honor or exchange the prize.


NEW QUESTION # 27
What MUST a salesperson licensee convicted of a felony do?

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

Answer: D

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 # 28
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 seller as to the status of the transaction.
  • B. Advise the buyer as to the status of the transaction.
  • C. Advise the loan officer as to the status of the transaction.
  • D. Advise the listing broker as to the status of the transaction.

Answer: B

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).
Reference:
49 Pa. Code § 35.284- Disclosure of Business Relationships


NEW QUESTION # 29
A person is employed by a real estate owner to manage a multifamily residential property. Which of the following activities is the person permitted to perform without a real estate license?

  • A. Hold money belonging to tenants other than on behalf of the owner.
  • B. Provide information on rental amounts and building rules and regulations.
  • C. Enter into leases on behalf of the owner.
  • D. Negotiate terms and conditions of occupancy.

Answer: B

Explanation:
Under49 Pa. Code § 35.201 (Definitions), an unlicensed individual who is directly employed by a property owner can perform certain tasks, such as providing rental information and enforcing building rules, but they cannot engage in leasing or negotiation activities.
* Providing information on rental amounts and building rules is considered administrative and does not require a real estate license.
* However, negotiating leases, collecting rents on behalf of third parties, or holding security deposits in a non-owner-controlled account would require a real estate license.
Why the other answers are incorrect:
* Option B (Entering into Leases):Only a licensed real estate broker or a supervised salesperson can legally execute lease agreements on behalf of a landlord.
* Option C (Negotiating Terms):Negotiating lease terms is an activity that requires a real estate license.
* Option D (Holding Tenant Funds Independently):Handling tenant funds outside of the owner's direct control is a brokerage activity and requires a real estate license.
Reference:
49 Pa. Code § 35.201- Definitions


NEW QUESTION # 30
An owner sells a house through a salesperson who works as an independent contractor for a broker. Before the closing, the owner fires the broker. However, the owner agrees to pay the salesperson a $1,000 fee for services. Which of the following is TRUE?

  • A. The salesperson may legally accept the $1,000.
  • B. The owner can cancel any part of the sales contract at any time.
  • C. The salesperson cannot legally accept the $1,000.
  • D. The salesperson may only accept the $1,000 with the broker's consent.

Answer: C

Explanation:
According to49 Pa. Code § 35.283(Compensation and Commission), asalesperson may not accept compensation from anyone other than their employing broker.
* A salesperson cannot accept direct payments from an owner or buyer (Option A - Correct).
* The owner cannot cancel the sales contract unilaterally (Option B - Incorrect).
* The salesperson may only be compensated through the broker, even if the owner agrees to direct payment (Option C & D - Incorrect).
Reference:
49 Pa. Code § 35.283- Compensation and Commission


NEW QUESTION # 31
When a tenant who has a service or support animal applies to lease an apartment in a building that does not allow pets, which of the following rules may the landlord follow?

  • A. The landlord may disallow the animal if there are no other animals permitted in the building.
  • B. Both state and federal laws require the landlord to allow any service or support animal.
  • C. The landlord may disallow the animal if it is not federally registered as a support or service animal.
  • D. The landlord must allow the service or support animal but may charge an additional deposit.

Answer: B

Explanation:
UnderThe Fair Housing Act (42 U.S.C. § 3604)andThe Americans with Disabilities Act (ADA) (42 U.S.
C: § 12101),both service and emotional support animals must be allowed in rental properties, even in
"no pets" buildings.
* Service animals (such as guide dogs) and emotional support animals (ESA) are not considered
"pets" under federal and state law, so landlords cannot prohibit them.
* A landlord cannot charge an additional deposit or pet fee for service/support animals.
* The tenant must provide documentation from a licensed medical provider if the disability is not obvious, but there is no requirement for a formal "federal registration" of service animals.
Why the other answers are incorrect:
* Option B (Charge Additional Deposit):This is illegal under Fair Housing lawsbecause service animals are not "pets".
* Option C (No Pets Rule):A no-pets policydoes not applyto service animals.
* Option D (Federally Registered Service Animal):There is no federal registryfor service animals, so this is not a valid requirement.


NEW QUESTION # 32
The provisions of the Real Estate Licensing and Registration Act apply to:

  • A. A licensed auctioneer who is auctioning property.
  • B. An attorney-at-law who participates in real estate transactions on behalf of a client.
  • C. A trustee who participates in real estate transactions under the authority of a court order.
  • D. A real estate licensee selling real estate they own.

Answer: D

Explanation:
Under63 P.S. § 455.304 (Exemptions from Licensing Requirements),most individuals selling their own property are exempt from real estate licensing requirements.However, a real estate licensee selling their own real estate must comply with disclosure laws and ethical obligations.
* If a real estate licensee sells their own property, they must disclose in all advertising that they are a licensed real estate professionalto avoid misleading the public.
* While a non-licensee selling their own property is not covered under real estate licensing laws, a licensed salesperson must adhere to licensing and disclosure laws.
Why the other answers are incorrect:
* Option A (Trustee under Court Order):Court-appointed trustees are exempt from real estate licensing requirements.
* Option B (Attorney Representing Clients):Attorneys are permitted to handle real estate transactions as part of their legal practice without a real estate license.
* Option D (Licensed Auctioneer):Auctioneers selling real estate are regulated under separate auctioneer licensing laws, not real estate licensing laws.


NEW QUESTION # 33
An exclusive listing MUST be in writing and it MUST:

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

Answer: C

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 # 34
According to the Pennsylvania Landlord-Tenant Act, a tenant must be notified of the final disposition of their security deposit within what time period following the end of the lease?

  • A. Within 60 days
  • B. Within 5 days
  • C. Within 30 days
  • D. Immediately upon completion of the landlord's final inspection of the premises

Answer: C

Explanation:
UnderThe Pennsylvania Landlord and Tenant Act of 1951 (68 P.S. § 250.512), a landlord mustreturn the tenant's security deposit or provide a written explanation of any deductions within 30 days of lease termination.
* If the landlord withholds any portion of the deposit, they must provide an itemized list of damages and the amount deducted.
* If the landlord fails to return the deposit or provide an itemized list within 30 days, they forfeit their right to keep any portion of the deposit and may be subject to legal penalties.
* The tenant must provide a forwarding address to receive the deposit or notice.
Why the other answers are incorrect:
* Option A (5 Days):There is no 5-day requirement in Pennsylvania law.
* Option C (60 Days):The landlord is required to act within30 days, not 60 days.
* Option D (Immediately upon inspection):While an inspection may occur, thelaw grants the landlord up to 30 days to finalize deductions and return funds.


NEW QUESTION # 35
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 does not exceed the prevailing commission rate.
  • C. in violation of license law since compensation for real estate sales can come only from listed properties.
  • D. acceptable if the fee is paid to the employing broker.

Answer: D

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 # 36
If clients have questions regarding the sale of their home beyond the licensee's expertise, what MUST the salesperson do?

  • A. Advise the clients to seek another salesperson to represent them in the transaction.
  • B. Ask their associate broker and advise the clients of the answer.
  • C. Advise the clients to seek expert advice.
  • D. Seek legal representation for the clients.

Answer: C

Explanation:
Under49 Pa. Code § 35.292 (Duties of Licensees Generally), a real estate licensee must not provide professional advice in areas beyond their expertise. If clients need legal, tax, or structural advice, they should be referred to an appropriate expert.
* A real estate licensee should not attempt to answer questions related to law, taxes, or home inspections beyond their knowledge.
* Directing clients to consult an expert ensures that they receive accurate and legally sound advice.
Why the other answers are incorrect:
* Option A (Seek Legal Representation for Clients):A salesperson cannot act as a lawyer or obtain legal representation for clients.
* Option C (Ask Associate Broker and Advise Clients):If the matter is outside of real estate expertise, it must be referred to an expert, not just another broker.
* Option D (Advise Clients to Seek Another Salesperson):This does not solve the issue; clients need advice from the correct professional, not another salesperson.
Reference:
49 Pa. Code § 35.292- Duties of Licensees Generally


NEW QUESTION # 37
If clients have questions regarding the sale of their home beyond the licensee's expertise, what MUST the salesperson do?

  • A. Advise the clients to seek another salesperson to represent them in the transaction.
  • B. Ask their associate broker and advise the clients of the answer.
  • C. Advise the clients to seek expert advice.
  • D. Seek legal representation for the clients.

Answer: C

Explanation:
Under49 Pa. Code § 35.292 (Duties of Licensees Generally), a real estate licensee must not provide professional advice in areas beyond their expertise. If clients need legal, tax, or structural advice, they should be referred to an appropriate expert.
* A real estate licensee should not attempt to answer questions related to law, taxes, or home inspections beyond their knowledge.
* Directing clients to consult an expert ensures that they receive accurate and legally sound advice.
Why the other answers are incorrect:
* Option A (Seek Legal Representation for Clients):A salesperson cannot act as a lawyer or obtain legal representation for clients.
* Option C (Ask Associate Broker and Advise Clients):If the matter is outside of real estate expertise, it must be referred to an expert, not just another broker.
* Option D (Advise Clients to Seek Another Salesperson):This does not solve the issue; clients need advice from the correct professional, not another salesperson.


NEW QUESTION # 38
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: A

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.
Reference:
49 Pa. Code § 35.382- Continuing Education Requirements


NEW QUESTION # 39
What MAXIMUM length of time may a salesperson's real estate license be inactive before reactivation ceases to be possible without retaking and passing the licensing examination?

  • A. 3 years
  • B. 2 years
  • C. 4 years
  • D. 5 years

Answer: D

Explanation:
If a real estate license is inactive formore than 5 years, the licenseemust retake and pass the licensing exam to reinstate their license.
* 49 Pa. Code § 35.251 (Relicensure Following Revocation or Inactive Status)states that alicensee who has been inactive for over 5 years must complete all initial licensing requirements again, including the exam.
* A licensee can keep their license in inactive status indefinitely, but after 5 years, it requires reexamination.
Why the other answers are incorrect:
* Option A (2 Years) & Option B (3 Years):Licenseesmay reactivate their license within this period without retaking the exam.
* Option C (4 Years):Thelimit is 5 years, not 4.


NEW QUESTION # 40
Interest earned on an escrow account is:

  • A. Payable to the broker holding the deposit.
  • B. Payable subject to an agreement between the parties.
  • C. Equally divided between the buyer and seller.
  • D. Equally divided between the listing and selling brokers.

Answer: B

Explanation:
Under49 Pa. Code § 35.326 (Escrow Accounts and Interest),interest earned on escrow accounts belongs to the party or parties as determined by the terms of the contract or agreement.
* A broker cannot personally benefit from interest earned on escrow funds unless the contract explicitly allows it.
* The purchase agreement must specify how the interest is handled, whether it is payable to the buyer, seller, or split between parties.
Why the other answers are incorrect:
* Option A (Payable to the Broker):A broker cannot keep interest from an escrow account unless agreed upon in writing.
* Option B (Equally Divided Between Buyer and Seller):Interest division is not automatic; it must be outlined in the contract.
* Option C (Equally Divided Between Brokers):Brokers do not have rights to escrow interest unless explicitly agreed upon.
Reference:
49 Pa. Code § 35.326- Escrow Accounts and Interest


NEW QUESTION # 41
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 duration of the listing.
  • D. The broker's compensation.

Answer: A

Explanation:
Under49 Pa. Code § 35.332 (Exclusive Listing Agreements), all listing agreements must specify the services provided, the duration of the agreement, and the compensation of the broker. However, there is no requirement to include the broker's license number.
* A listing agreement must clearly state the terms under which the broker will perform services and how they will be compensated.
* The duration of the agreement must also be specified to prevent misunderstandings.
Why the other answers are incorrect:
* Option A (Description of Services):This is a required component of the listing agreement.
* Option B (Duration of Listing):A listing agreement must have a start and end date.
* Option D (Broker's Compensation):Compensation must be clearly stated in the listing agreement.


NEW QUESTION # 42
If a licensee advertises prizes as part of a promotion for the sale of real estate, which of the following must be disclosed in the advertisement?

  • A. The fair market value of the prize.
  • B. How many others have won similar prizes.
  • C. The names of any stores that will exchange the prize.
  • D. Where the prize was manufactured.

Answer: A

Explanation:
Under49 Pa. Code § 35.305 (Business Name on Advertisements), a real estate licensee must disclose the fair market value of any prizes, gifts, or incentives offered as part of a sales promotion.
* This ensures transparency and prevents misleading advertisements that might influence a consumer's decision based on exaggerated prize values.
* Failure to disclose the fair market value could result in penalties or disciplinary action from the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option B (Where the Prize Was Manufactured):There is no requirement to disclose where a prize was made.
* Option C (How Many Others Have Won):The law does not require disclosure of the number of previous winners.
* Option D (Names of Stores for Exchange):There is no requirement to provide names of stores that would honor or exchange the prize.
Reference:
49 Pa. Code § 35.305- Business Name on Advertisements


NEW QUESTION # 43
Which of the following is a REQUIRED general duty of a licensee?

  • A. Provide assistance with document preparation.
  • B. Conduct an independent inspection of the property.
  • C. Accept liability and responsibility for acts of the consumer.
  • D. Independently verify the accuracy of any representation on a property condition disclosure statement.

Answer: D

Explanation:
Under68 Pa. C.S. §§ 7301-7314 (Real Estate Seller Disclosure Law),a licensee has a duty to ensure that the property condition disclosure statement is complete and accurate as provided by the seller.
* While the licensee does not conduct a formal property inspection, they must not ignore material defects that are apparent or known to them.
* If a licensee knows of an issue that contradicts the seller's disclosure, they must disclose this to the buyer to prevent misrepresentation.
* This protects consumers from fraudulent or misleading property conditions.
Why the other answers are incorrect:
* Option A (Independent Inspection):A licensee is not a home inspectorand is not required to perform a physical inspection.
* Option C (Accept Consumer Liability):A licenseeis not responsible for actions taken by a buyer or seller.
* Option D (Document Preparation Assistance):A licenseecan help explain documents but cannot prepare legal contracts without an attorney.
Reference:
68 Pa. C.S. §§ 7301-7314- Real Estate Seller Disclosure Law


NEW QUESTION # 44
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 transmitted promptly after receipt to the broker.
  • C. Should be returned to the buyer to transmit to the broker.
  • D. May be held by the salesperson for 3 business days.

Answer: B

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.
Reference:
49 Pa. Code § 35.324- Handling of Deposits and Escrow Money


NEW QUESTION # 45
What are the permitted relationships between licensees and consumers as defined by the "Consumer Notice" and Pennsylvania regulations?

  • A. Buyer agent, seller agent, designated agent, dual agent, and rental agent.
  • B. Buyer agent, buyer sub-agent, seller agent, seller sub-agent, and dual agent.
  • C. Buyer agent, seller agent, designated agent, dual agent, and transaction licensee.
  • D. Buyer agent, seller agent, designated dual agent, and transaction licensee.

Answer: C

Explanation:
Under49 Pa. Code § 35.284 (Disclosures of Business Relationships),the Consumer Notice defines five types of permitted relationships between real estate licensees and consumers:
* Buyer's Agent- Represents the buyer and has a fiduciary duty to them.
* Seller's Agent (Listing Agent)- Represents the seller and has a fiduciary duty to them.
* Designated Agent- A brokerage firm designates different agents to represent buyers and sellers in the same firm without creating dual agency.
* Dual Agent- A licensee represents both the buyer and seller in the same transaction, with mutual consent.
* Transaction Licensee- A real estate licensee who provides services but does not represent either party as an agent.
Why the other answers are incorrect:
* Option A (Rental Agent):"Rental agent" is not a defined relationship in Pennsylvania law.
* Option B (Buyer & Seller Sub-Agent):Sub-agency is no longer common and is not a required disclosure.
* Option D (Designated Dual Agent):Dual agency and designated agency are separate concepts.


NEW QUESTION # 46
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 duration of the listing.
  • D. The broker's compensation.

Answer: A

Explanation:
Under49 Pa. Code § 35.332 (Exclusive Listing Agreements), all listing agreements must specify the services provided, the duration of the agreement, and the compensation of the broker. However, there is no requirement to include the broker's license number.
* A listing agreement must clearly state the terms under which the broker will perform services and how they will be compensated.
* The duration of the agreement must also be specified to prevent misunderstandings.
Why the other answers are incorrect:
* Option A (Description of Services):This is a required component of the listing agreement.
* Option B (Duration of Listing):A listing agreement must have a start and end date.
* Option D (Broker's Compensation):Compensation must be clearly stated in the listing agreement.
Reference:
49 Pa. Code § 35.332- Exclusive Listing Agreements


NEW QUESTION # 47
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