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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q34-Q39):

NEW QUESTION # 34
What is the status of a person's real estate license after a claim has been paid from the Real Estate Recovery Fund to settle a claim against that licensee?

A. Active
B. Suspended
C. Inactive
D. Reinstated

Answer: B

Explanation:
Under63 P.S. § 455.803 (Real Estate Recovery Fund), if the Pennsylvania Real Estate Commissionpays out money from the Real Estate Recovery Fund due to a licensee's misconduct, the license is automatically suspended.
* A suspended license means the person cannot legally practice real estate until they reimburse the Recovery Fund for the full amount paid, plus interest.
* This is a consumer protection measure to ensure that licensees who cause financial harm cannot continue practicing until restitution is made.
* Once repayment is made, the licensee must apply for reinstatement, which is not automatic and may require a hearing.
Why the other answers are incorrect:
* Option A (Active):The license does not remain active after a payout from the fund.
* Option B (Inactive):"Inactive" means the licensee voluntarily stopped practicing, which is not the case here.
* Option C (Reinstated):Reinstatement does not occur automatically; the licensee must repay the fund and petition for reinstatement.

NEW QUESTION # 35
In order to renew a real estate license in Pennsylvania, the licensee:

A. must take 14 hours of CE courses specifically mandated by the Real Estate Commission.
B. may take any combination of approved CE courses adding up to 14 hours of classroom instruction.
C. may include excess hours carried over from the previous licensing period to reach the total CE hours required for the current license term.
D. must include in the required hours of CE any course mandated by the Real Estate Commission within the current licensing period.

Answer: D

Explanation:
In Pennsylvania, a real estate licenseemust complete 14 hours of continuing education (CE) coursesduring each renewal period. Additionally,if the Pennsylvania Real Estate Commission mandates a specific CE course during the licensing cycle, licensees are required to take that course.
* 49 Pa. Code § 35.382 (Continuing Education Requirements)states that alicensee must complete the specific courses required by the Commission for each licensing cycle.
* Some renewal periods require specific courses, such as ethics or law updates, to ensure that licensees remain compliant with changing regulations.
Why the other answers are incorrect:
* Option A (14 Hours Specifically Mandated):Whilesomecourses may be mandatory, licensees can choose others from anapproved list.
* Option B (Any Combination of 14 Hours):Somespecific courses are required, meaning licensees cannot just pick any course.
* Option D (Carrying Over CE Hours):Continuing education hours do not carry overfrom one licensing period to another.

NEW QUESTION # 36
Interest earned on an escrow account is:

A. Payable to the broker holding the deposit.
B. Equally divided between the buyer and seller.
C. Equally divided between the listing and selling brokers.
D. Payable subject to an agreement between the parties.

Answer: D

Explanation:
Under49 Pa. Code § 35.326 (Escrow Accounts and Interest),interest earned on escrow accounts belongs to the party or parties as determined by the terms of the contract or agreement.
* A broker cannot personally benefit from interest earned on escrow funds unless the contract explicitly allows it.
* The purchase agreement must specify how the interest is handled, whether it is payable to the buyer, seller, or split between parties.
Why the other answers are incorrect:
* Option A (Payable to the Broker):A broker cannot keep interest from an escrow account unless agreed upon in writing.
* Option B (Equally Divided Between Buyer and Seller):Interest division is not automatic; it must be outlined in the contract.
* Option C (Equally Divided Between Brokers):Brokers do not have rights to escrow interest unless explicitly agreed upon.

NEW QUESTION # 37
According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

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

Answer: A

NEW QUESTION # 38
The Real Estate Commission does NOT have the power to:

A. Suspend or revoke real estate licenses.
B. Impose fines.
C. Certify residential appraisers.
D. Review escrow accounts.

Answer: C

Explanation:
ThePennsylvania Real Estate Commission (PREC)has the authority toregulate real estate licenses but does not certify real estate appraisers.
* Real estate appraisers in Pennsylvania are regulated by the State Board of Certified Real Estate Appraisers, not the Real Estate Commission.
* The Commission's powers include:
* Suspending or revoking licensesfor violations.
* Imposing finesfor disciplinary actions.
* Auditing escrow accountsto ensure compliance with regulations.
Why the other answers are incorrect:
* Option A (Suspend or Revoke Licenses):TheCommission has the authority to discipline licensees.
* Option B (Impose Fines):TheCommission can fine violators for misconduct.
* Option C (Review Escrow Accounts):TheCommission can audit escrow accounts to protect client funds.

NEW QUESTION # 39
......

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100% Pass Quiz 2025 Pennsylvania Real Estate Commission Perfect RePA_Sales_S Latest Exam Camp

Well-Prepared RePA_Sales_S Latest Exam Camp & Leader in Qualification Exams & Trustable Valid Test RePA_Sales_S Testking

Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q34-Q39):

HOT RePA_Sales_S Latest Exam Camp - High Pass-Rate Pennsylvania Real Estate Commission PA Salesperson State Exam - Valid Test RePA_Sales_S Testking

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