Unit 4 - Vocab Flashcards
Promulgate
To make known, a public decree, to put into effect by formal announcement
Chapter 35.204 defines the Commission’s role in the license application regarding truthful information to the Commission.
The law states:
- An application, statement, character reference or other paper that is required to be filed by, or behalf of, an applicant for examination, licensure, registration or approval under this act will be subject to investigation by the Commission to confirm its accuracy or truthfulness.
- An applicant’s failure to provide accurate and truthful information in the application or in the statements and papers that accompany the application will be grounds for the Commission’s denial of the application.
- A licensee’s failure to provide accurate and truthful information in connection with an application for examination, licensure, registration, or approval under the act or this chapter will be grounds for disciplinary action against the licensee.
Section 501 of the Real Estate Licensing and Registration Act 15 clearly states that only those persons with a good reputation for _________ shall receive real estate licenses
honesty, trustworthiness, integrity and competence
The Commission requires, in addition to the Criminal Check, Application procedure and licensing fee the following:
the applicant must give the Commission the complete information about any previous conviction (including a corporate conviction). The written consent means that the Commission may be required to give information about the licensee and his real estate activities if the licensee is not available and charges concerning that activity are being investigated.
Broker of Record
the individual broker who is ultimately responsible for the real estate transactions of a partnership, association or corporation that holds a broker’s license.
The Pennsylvania State Real Estate Commission requires each applicant to have a _______ completed within 90 days of submission to the Commission.
criminal background check
One must tell the Commission the _________ on any form because the information will be investigated and confirmed.
whole and complete truth
To qualify for the Salesperson’s examination, the applicant must be 18 years old and meet one of the following:
- Have completed 75 hours* of real estate instruction.
- Have 4 credit hours of real estate instruction in a university;
- Possess a Letter of Certification from another jurisdiction showing an active license for the past 5 years;
- Possess a Juris Doctor degree from an accredited law school or a Certificate of Good Standing from the Supreme Court of the state where practicing.
*The Pennsylvania real estate commission increased the number of credit hours for the Practices course in____
August 2018.
A _____ Salesperson licensee does not need to be affiliated with a broker.
Rental Listing Referral Agent
A builder/owner salesperson works as a _____ of single and multi-family dwellings, located in Pennsylvania.
full time employee of a builder/owner
There are no minimum educational requirements to obtain a ________
cemetery salesperson’s license.
A ____ must be at least 18 years old and under the direct supervision of a broker. Must have completed a 15 hour course titled “Campground Membership Sales”.
campground membership salesperson
A salesperson must be under the direct supervision of a broker, at least 18 years old and have successfully completed 30 hours of instruction titled “Time Share Sales “.
time-share salesperson
The licensing requirement for a ____ is that each of the partners must have an individual broker’s license and the partnership as a business entity must also have a broker’s license.
partnership
