Certification Pennsylvania Real Estate Commission RePA_Sales_S Questions - RePA_Sales_S Valid Dumps Book

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q22-Q27):

NEW QUESTION # 22
According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

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

Answer: C

NEW QUESTION # 23
Can a licensed real estate broker prepare an appraisal for a new loan on property that the broker has listed for sale?

A. Yes, with proper disclosure to the lender about the broker's qualifications.
B. No, real property appraisals are not within the scope of practice for a real estate broker.
C. Yes, if the appraisal is done before an offer to purchase is accepted by the seller.
D. Yes, if the appraisal is identified as a comparative market analysis.

Answer: B

Explanation:
UnderThe Pennsylvania Real Estate Appraisers Certification Act (63 P.S. § 457.1-457.19),only a state- certified or licensed appraiser can perform real estate appraisals for loan purposes.
* Real estate brokers and salespersons can perform Comparative Market Analyses (CMAs) but cannot legally perform an appraisal for a lender.
* This restriction ensures that appraisals used for lending purposes meet state and federal standards.
Why the other answers are incorrect:
* Option A (CMAs as Appraisals):CMAs arenotappraisals.
* Option B (Before Offer Accepted):Thetiming of the appraisal does not change licensing requirements.
* Option C (Disclosure to Lender):Even with disclosure,brokers are not permitted to conduct appraisals for loans.

NEW QUESTION # 24
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. Within 30 days
D. Immediately upon completion of the landlord's final inspection of the premises

Answer: C

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 # 25
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. Refuse the listing because accepting the listing would violate the Pennsylvania Real Estate Licensing and Registration Act
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. Provide the client financial advice as to how they can invest their assets to earn the amount they would like to receive
D. Require the seller to receive an appraisal before listing the property

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 # 26
What MAXIMUM length of time may a salesperson's real estate license be inactive before reactivation ceases to be possible without retaking and passing the licensing examination?

A. 4 years
B. 3 years
C. 2 years
D. 5 years

Answer: D

Explanation:
If a real estate license is inactive formore than 5 years, the licenseemust retake and pass the licensing exam to reinstate their license.
* 49 Pa. Code § 35.251 (Relicensure Following Revocation or Inactive Status)states that alicensee who has been inactive for over 5 years must complete all initial licensing requirements again, including the exam.
* A licensee can keep their license in inactive status indefinitely, but after 5 years, it requires reexamination.
Why the other answers are incorrect:
* Option A (2 Years) & Option B (3 Years):Licenseesmay reactivate their license within this period without retaking the exam.
* Option C (4 Years):Thelimit is 5 years, not 4.

NEW QUESTION # 27
......

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Certification Pennsylvania Real Estate Commission RePA_Sales_S Questions - RePA_Sales_S Valid Dumps Book

Pennsylvania Real Estate Commission RePA_Sales_S Valid Dumps Book | Latest RePA_Sales_S Dumps Book

Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q22-Q27):

Free PDF Quiz 2025 Pennsylvania Real Estate Commission RePA_Sales_S High Hit-Rate Certification Questions

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