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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q10-Q15):

NEW QUESTION # 10
When representing a seller, which of the following is a TRUE statement regarding the duties a licensee owes to the principal?

A. A licensee is obligated to disclose to a consumer the minimum commission split between the licensee and the broker.
B. A licensee is not obligated to disclose the existence of another offer during negotiations on a purchase contract.
C. A licensee is required to keep confidential the price the seller would accept if lower than the list price.
D. A licensee's obligation of confidentiality ends at the conclusion of the listing contract.

Answer: C

Explanation:
Alicensee has a fiduciary duty to keep the seller's pricing strategy confidential.
* 49 Pa. Code § 35.292 (Duties of Licensees Generally)states thata licensee must maintain confidentiality of information that could harm their client's negotiating position, including the minimum price the seller would accept.
* Confidentiality extends beyond the duration of the listing agreementunless the seller gives explicit permission to disclose information.
Why the other answers are incorrect:
* Option A (Confidentiality Ends After Listing):Confidentiality continueseven after the contract ends
.
* Option B (Not Disclosing Another Offer):In multiple-offer situations, disclosure may be required based on seller instructions.
* Option D (Commission Disclosure):The broker's commission arrangement isnot requiredto be disclosed to the public.

NEW QUESTION # 11
In order to work as a property manager for compensation, an individual must:

A. Complete at least one course in property management every two years.
B. Complete a certification for property management.
C. Pass a separate examination in principles of property management.
D. Hold a real estate license and, if not a broker, be supervised by a broker.

Answer: D

Explanation:
Under49 Pa. Code § 35.201 (Definitions), property management activities that include leasing, collecting rent, and negotiating lease terms require a real estate license unless the individual is directly employed by the property owner.
* If a property manager is conducting leasing or rental activities for multiple property owners, they must be licensed and supervised by a broker.
* The law ensures that individuals managing properties for others operate under proper ethical and legal guidelines.
Why the other answers are incorrect:
* Option A (Certification for Property Management):No separate property management certification is required under Pennsylvania law.
* Option B (Separate Exam for Property Management):A separate exam for property management is not required.
* Option C (Ongoing Property Management Courses):Continuing education is required for license renewal, but specific property management courses are not mandatory.

NEW QUESTION # 12
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 # 13
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

NEW QUESTION # 14
Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?

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

Answer: A

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 # 15
......

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q10-Q15):

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