PA Real Estate State Portion; Questions and Answers 100% Solved
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Course
PA REAL ESTATE
Institution
PA REAL ESTATE
PA Real Estate State Portion; Questions and
Answers 100% Solved
Real Estate Commission has how many members Correct Answer-11
Who are the members of the Comission Correct Answer-(1) Commissioner of
Professional and Occupational Affairs
(1) Director of Bureau of Consumer Protection
(5) Brok...
PA Real Estate State Portion; Questions and
Answers 100% Solved
Real Estate Commission has how many members Correct Answer-11
Who are the members of the Comission Correct Answer-(1) Commissioner of
Professional and Occupational Affairs
(1) Director of Bureau of Consumer Protection
(5) Brokers of 10+ yrs experience
(3) Public at Large Members
(1) Broker 5+ years selling cemetery for at least 10+ years
How long are terms for Commission members Correct Answer-5 years, MAX
5.5 years
If Commission member dies how long does successor with same qualifications
have Correct Answer-rest of term of deceased member
How much is the per diem compensation Correct Answer-$60/day
How many special meetings? What is the notice? Correct Answer-1 in
Pittsburg
, PA Real Estate State Portion; Questions and
Answers 100% Solved
1 in Philadelphia
1 in Harrisburg
15 days notice in newspaper
What is a summary offense? Fine? Correct Answer-doing business without a
license or continues business after revoked/suspended or someone who
employs a person in either circumstance listed above.
<$500, < 3 months prison or both
2+ summary offenses is guilty of __? Fine? Correct Answer-3rd degree felony
fine $2000-$5000, < 1-2 yrs prison or both
In addition to civil remedy or criminal penalty, commission can levy a civil
penalty of up to ___ for ___ Correct Answer-max $1000
Person who practices real estate without a license, continues business after
revoked/suspended, or employer of a person in either circumstance listed above
Continuing Education is how many Correct Answer-14 hrs biennially
, PA Real Estate State Portion; Questions and
Answers 100% Solved
CE may be waived if failure to complete is because of Correct Answer-illness,
emergency or hardship
Licenses can not be placed for longer than Correct Answer-5 years, then you
need to retake exam
Annual report of complaints is sent to Correct Answer-Professional Licensure
Committee of House of Rep
Consumer Protection and Professional Licensure Committee of Senate
Copy of budget request must be sent to __ after ___ Correct Answer-sent to
House of Reps and Senate Appropriations Committees 15 days after Governor
submits budget to General Assemnly
Broker Qualifications Correct Answer-21 Years Old
HS Graduate
240 Hours Edu
3+ Years Salesperson Experience
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