100% REPA_SALES_S ACCURACY & REPA_SALES_S LATEST EXAM BOOK

100% RePA_Sales_S Accuracy & RePA_Sales_S Latest Exam Book

100% RePA_Sales_S Accuracy & RePA_Sales_S Latest Exam Book

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Real Estate Licensing RePA_Sales_S certkingdom exam torrent & RePA_Sales_S practice dumps

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q20-Q25):

NEW QUESTION # 20
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. Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive
  • B. Require the seller to receive an appraisal before listing the property
  • C. Advise the client as to the reason it is in their best interest to list the property closer to the comparable market value
  • D. Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act

Answer: C

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 # 21
Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?

  • A. Distributing building rules and regulations
  • B. Entering into leases
  • C. Showing apartments to prospective renters
  • D. Providing information on rental amounts to prospective renters

Answer: B

Explanation:
Areal estate license is required to enter into leases on behalf of a landlordbecausethis involves negotiating real estate transactions.
* According to 49 Pa. Code § 35.201 (Definitions), property management activities that include leasing, collecting rent, and negotiating lease terms require a real estate license.
* A property manager who is actively negotiating leases must hold a real estate license unless they are directly employed by the property owner.
Why the other answers are incorrect:
* Option B (Distributing Rules):Thisdoes not require a licensesince it is administrative.
* Option C (Showing Apartments):Showing apartmentsdoes not require a license as long as no negotiations occur.
* Option D (Providing Rental Info):Providing information is not negotiating a lease, so a license is not needed.


NEW QUESTION # 22
Which of the following conditions MUST be met before a licensee participates in the sale of real property in which the licensee has an ownership interest?

  • A. The licensee must provide written disclosure of the ownership interest to all parties.
  • B. The Pennsylvania Real Estate Commission must be notified of the transaction.
  • C. The percentage of the licensee's ownership interest must be stated on the sales contract.
  • D. The listing agreement must identify the licensee's name and status as a licensee.

Answer: A

Explanation:
Under49 Pa. Code § 35.283 (Disclosure of Interest),a real estate licensee must disclose in writing if they have a direct or indirect ownership interest in a property they are selling or purchasing.
* This disclosure ensures transparency and prevents conflicts of interest.
* Failure to disclose ownership interest could be considered fraudulent and result in disciplinary action by the Pennsylvania Real Estate Commission.
Why the other answers are incorrect:
* Option A (Commission Notification Required):TheCommission does not need to be notifiedunless a violation occurs.
* Option B (Listing Agreement Disclosure):Disclosure isnot required in the listing agreementbut must be made to all parties.
* Option D (Percentage of Ownership on Contract):The specificpercentage of ownership is not required to be on the contract; general disclosure is sufficient.


NEW QUESTION # 23
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 5 days
  • B. Within 60 days
  • C. Immediately upon completion of the landlord's final inspection of the premises
  • D. Within 30 days

Answer: D

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 # 24
A listing agreement must contain all of the following EXCEPT:

  • A. The duration of the listing.
  • B. A description of the services to be provided.
  • C. The broker's compensation.
  • D. The broker's license number.

Answer: D

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 # 25
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