RELIABLE REPA_SALES_S CRAM MATERIALS, VALID REPA_SALES_S EXAM NOTES

Reliable RePA_Sales_S Cram Materials, Valid RePA_Sales_S Exam Notes

Reliable RePA_Sales_S Cram Materials, Valid RePA_Sales_S Exam Notes

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Tags: Reliable RePA_Sales_S Cram Materials, Valid RePA_Sales_S Exam Notes, Test RePA_Sales_S Cram Pdf, RePA_Sales_S Verified Answers, Training RePA_Sales_S Tools

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q49-Q54):

NEW QUESTION # 49
According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

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

Answer: B


NEW QUESTION # 50
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. Where the prize was manufactured.
  • B. The names of any stores that will exchange the prize.
  • C. The fair market value of the prize.
  • D. How many others have won similar prizes.

Answer: C

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 # 51
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. Initiate a title search of the property.
  • B. Disclose to the listing broker or the seller that they represent the buyer.
  • C. Disclose their dual representation, in writing, to both buyer and seller.
  • D. Recommend a professional inspection of the property.

Answer: B

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 # 52
According to the Real Estate Commission, which of the following is REQUIRED to hold a real estate license in Pennsylvania?

  • A. A bank selling its foreclosed properties
  • B. An individual selling five unimproved lots that she owns
  • C. A home builder selling his brand new houses
  • D. An attorney who holds himself out as a provider of brokerage services

Answer: D

Explanation:
In Pennsylvania,any person engaging in brokerage activities (such as negotiating sales or leases for compensation) must hold a real estate licenseunless specifically exempted.
* 49 Pa. Code § 35.201 (Definitions) & 63 P.S. § 455.304 (Exemptions)allow attorneys to practice real estate without a license ONLY IF the services are incidental to their legal practice.
* If an attorney advertises as a real estate broker or regularly engages in real estate transactions beyond legal services, they must obtain a real estate license.
Why the other answers are incorrect:
* Option B (Home Builder Selling New Houses):Buildersare exemptwhen selling their ownnewly constructed homes.
* Option C (Banks Selling Foreclosures):Banks areexemptunder63 P.S. § 455.304 (a)(5)since they are not in the business of selling real estate for profit.
* Option D (Selling Five Unimproved Lots):Individuals selling their own propertydo not need a license
, even for multiple lots.


NEW QUESTION # 53
If a client requests to list their home for much more than the comparable market analysis (CMA) recommends, what is the duty of the salesperson?

  • A. Require the seller to receive an appraisal before listing the property
  • B. Advise the client as to the reason it is in their best interest to list the property closer to the comparable market value
  • C. Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act
  • D. Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive

Answer: B

Explanation:
Areal estate licensee has a fiduciary duty to provide honest, professional advice to their clients, including pricing strategies based oncomparative market analysis (CMA).
* Under 49 Pa. Code § 35.292 (Duties of Licensees Generally), a licensee must act in the best interest of the client, which includes providing realistic pricing guidance.
* If a seller insists on listing at an inflated price, the agent should educate them on the risks, such as longer market time and reduced buyer interest.
* While the agent cannot force a seller to list at a lower price, they must ensure that the client makes an informed decision.
Why the other answers are incorrect:
* Option A (Require an Appraisal):CMAs are typically sufficient for pricing; an appraisal is only required in specific cases (e.g., lender requirements).
* Option B (Refuse the Listing):Overpricing is not illegal, so there is no licensing violation in accepting the listing.
* Option D (Providing Investment Advice):Real estate licensees are not financial advisorsand should not offer investment strategies.


NEW QUESTION # 54
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