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Pennsylvania Real Estate Commission PA Salesperson State Sample Questions:

1. A salesperson secures a listing priced at $110,000. A prospective buyer asks the salesperson to write a
$65,000 offer for the property. The salesperson should:

A) Advise the buyer to offer more for the property since the seller is unlikely to accept such a low offer.
B) Prepare the offer as requested but not waste the seller's time presenting it.
C) Suggest that the buyer have another licensee prepare the offer.
D) Prepare the offer as requested and present it to the seller.

2. An exclusive listing MUST be in writing and it MUST:

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

3. What are the permitted relationships between licensees and consumers as defined by the "Consumer Notice" and Pennsylvania regulations?

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

4. A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?

A) Within 24 hours of the offer's acceptance
B) Within 1 business day of the offer's acceptance
C) At the closing
D) In a reasonably practicable period of time

5. A salesperson is representing a buyer who wants to make an offer on a property that is listed by another licensee in her office. Without the listing licensee's knowledge, she becomes aware that the sellers are getting divorced. In what capacity would the salesperson NOT be able to share the information?

A) Transaction licensee
B) Designated buyer agent
C) Dual agent
D) Sub-agent of the buyer

Solutions: