Free Practice Questions for Real Estate RePA_Sales_S Exam

Under49 Pa. Code § 35.311 (Duties of Buyer’s Agent),a buyer’s agent must disclose their relationship to the listing broker or seller before providing substantive services.

This ensures that all parties understand who represents whom in the transaction.

Failure to disclose agency relationships could result in ethical violations and penalties from the Pennsylvania Real Estate Commission.

Why the other answers are incorrect:

Option A (Initiate a Title Search):This is typically done by the buyer’s attorney or title company,not the real estate broker.

Option B (Recommend an Inspection):While good practice,it is not legally required under agency law.

Option C (Disclose Dual Representation):This is incorrect because the broker is not acting as a dual agent in this case.

Allexclusive listing agreements in Pennsylvania MUST specify their duration in writing.

49 Pa. Code § 35.332 (Exclusive Listing Agreements)states thatall exclusive listings must have a definite start and end date.

Listings without an expiration date are considered illegaland unenforceable in Pennsylvania.

Why the other answers are incorrect:

Option A (Cancellation in 24 Hours):There is no legal requirement for a 24-hour cancellation clause.

Option B (Financing Arrangements):Financing provisionsare not a required part of a listing agreement.

Option C (Signed by Cooperating Broker):A cooperating broker’s signatureis not required. Only the listing broker and seller need to sign the agreement.

ThePennsylvania Real Estate Commission (PREC)has the power toinvestigate complaints, hold hearings, and impose disciplinary actionsunder63 P.S. § 455.404 (Powers of the Commission).

The Commission will first investigate the complaint to determine if the allegations are valid.

If warranted, the Commission will hold a formal hearing to decide on appropriate disciplinary action.

Possible penalties include fines, suspension, or revocation of the license.

Why the other answers are incorrect:

Option A (Automatic 6-Month Suspension):The Commission does not impose automatic suspensions; each case is reviewed individually.

Option C (Cease and Desist Order):This is typically used forunlicensed real estate activities, not licensed misconduct.

Option D (Transfer to Civil Authorities):While some cases (e.g., fraud) may be referred to law enforcement, theCommission itself first investigates.

According to49 Pa. Code § 35.283(Compensation and Commission), asalesperson may not accept compensation from anyone other than their employing broker.

A salesperson cannot accept direct payments from an owner or buyer (Option A - Correct).

The owner cannot cancel the sales contract unilaterally (Option B - Incorrect).

The salesperson may only be compensated through the broker, even if the owner agrees to direct payment (Option C & D - Incorrect).

According to49 Pa. Code § 35.305(Business Name on Advertisements), alladvertisements placed by a salesperson must include the broker’s name.

Thebroker's name is missing, which violates Pennsylvania advertising requirements (Option C - Correct).

The property address does not need to be in the ad (Option A - Incorrect).

Salesperson names are allowed but must be accompanied by the broker's name (Option B - Incorrect).

MLS numbers are not a requirement in all advertisements (Option D - Incorrect).