Unit 4 - Questions

Question 1

To qualify for the Salesperson’s examination, the applicant must be ____________ old.

Answer 1

18

Question 2

How many hours of real estate instruction in areas of study prescribed by the Commission are required for the broker’s course?

Answer 2

240

Question 3

Under Pennsylvania real estate law, to qualify for any of the Salesperson’s licenses, an applicant must be ____________ old.

Answer 3

18

Question 4

If a real estate office is located in a private residence, it must have an entrance

Answer 4

separate from the entrance to the residence

Question 5

The Pennsylvania Real Estate Commission requires each applicant to have a criminal background check completed within ___ days of submitting an application to the Commission.

Answer 5

90

Question 6

Pennsylvania has contracted with a professional testing company called_______ to provide exams for both the salesperson and broker licenses.

Answer 6

Pearson Vue

Question 7

To obtain a Broker’s license, the applicant must be at least __________of age.

Answer 7

18

Question 8

If the Commission performs a routine investigation, the Commission or its representative is permitted to do all of the following EXCEPT

Answer 8

Obtain the broker’s written authorization to the bank or depository of the firm’s escrow account

Question 9

John has accepted a position with Sterling Real Estate Company. He will be the broker of record for the company and will manage the main office. He applies to the Commission to receive a license with the company as a broker of record. He submits the fee, turns in his old license and waits for the Commission to send him his new license. The Commission returns the application as incomplete. What is the problem?

Answer 9

John must submit a request for Criminal Record Check along with the license application, since he is changing status from broker to broker of record

Question 10

A _____________ license means that if another state recognizes the Pennsylvania real estate license without further education or requirements, Pennsylvania will recognize that state’s licensees who wish to have a license in Pennsylvania.

Answer 10

Reciprocal

Question 11

If a real estate office changes location, all licensees must apply to the Commission before relocating or within __________ after relocating and pay the appropriate fees.

Answer 11

10

Question 12

After taking and successfully passing the exam, a licensee must apply for a license within a __________ year period.

Answer 12

3

Question 13

A rental listing referral agent may supervise how many rental listing offices?

Answer 13

only 1

Question 14

A person owns her own company specializing in negotiating sales of property for buyers and sellers. She does not take listings or show property. Does she need a license to do this?

Answer 14

She needs a license because she negotiates sales of property.

Question 15

The State of Pennsylvania expressly gives the _____________________ authority to issue licenses and registration certificates to any person who meets the qualification standards.

Answer 15

Department of State

Question 16

When the Commission holds a routine investigation or a special investigation, the Commission or its representative is permitted to do all of the following, EXCEPT

Answer 16

detain licensees until the investigation is complete.

Question 17

Jim was found guilty of income tax fraud, convicted of a felony, and served his time in jail. Which of the following is CORRECT?

Answer 17

Jim must disclose his conviction on his application for licensure.

Question 18

The real estate license of a branch office of a real estate firm must be

Answer 18

prominently displayed at the branch office.

Question 19

A cemetery salesperson must be 18 years old and meet which of the following educational requirements?

Answer 19

There are no minimum educational requirements.

Question 20

If the Commission performs a routine investigation, the Commission or its representative is permitted to do all of the following EXCEPT
A) examine the records of the office pertaining to real estate transactions.
B) arrest and hold licensees until the investigation is complete.
C)obtain the broker’s written authorization to the bank or depository of the firm’s escrow account.
D)interview the broker and other licensed and unlicensed employees who work in the office.

Answer 20

C) obtain the broker’s written authorization to the bank or depository of the firm’s escrow account.

Question 21

Which of the following requirements must be satisfied to obtain a Pennsylvania real estate Broker’s license?
A)Be 18 years old
B)Have an office
C)Have completed 60 hours of real estate instruction
D)Have been engaged as a salesperson for at least two years

Answer 21

B)Have an office

Question 22

To obtain an associate broker’s license, the associate broker must relinquish his original ______________license and be issued an Associate Broker’s license.

Answer 22

broker’s

Question 23

A time-share salesperson license applicant must be 18 years old and successfully complete ________ of instruction entitled “Time Share Sales “.

Answer 23

30 hours

Question 24

XYZ Realty has two branch offices and a main office. The brokerage company’s broker’s license was revoked for untruthful business practices. Susan and Jane work as salespersons in one of the branch offices. What will happen to their branch office?

Answer 24

The branch office license terminates automatically with the revocation of the license of the broker.

Question 25

Each member of a partnership or association or an officer of a corporation that intends to engage in the real estate business must be licensed by the Commission as either a _________ or salesperson.

Answer 25

broker

Question 26

Jeannie passed both parts of the Commission’s exam on June 14. She applies to the Commission for a builder/owner salesperson license on June 22, three years later. The Commission tells her she is not eligible for licensing as a builder/salesperson. What is the problem with Jeanie getting a license?

Answer 26

Jeannie did not meet the time requirements for her exam scores and application.