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Exam (elaborations)

PA Real Estate Salesperson Exam Practice Questions and Answers (100% Pass)

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  • Course
  • Real Estate
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  • Real Estate

When was RELRA originally passed in Pennsylvania? May of 1929 When was RELRA changed to a different name? 1980 RELRA Real Estate Licensing and Registration Act; Pennsylvania law that oversees real estate licensees and created the State Real Estate Commission. RESPA Real Estate Settle...

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  • October 12, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate
  • Real Estate
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MASTER01
1 | P a g e | © copyright 2024/2025 | Grade A+




PA Real Estate Salesperson Exam
Practice Questions and Answers
(100% Pass)
When was RELRA originally passed in Pennsylvania?


✓ May of 1929




When was RELRA changed to a different name?


✓ 1980




RELRA


✓ Real Estate Licensing and Registration Act; Pennsylvania law that

oversees real estate licensees and created the State Real Estate

Commission.




RESPA


✓ Real Estate Settlement Procedures Act - requires special information

booklet, requires good faith estimate, requires uniform settlement

statement.




Master01 | October, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

Requires lenders to provide greater amounts of info and also prohibits

kickbacks




What is one of the most important thing RELRA does?


✓ grant ruling- making and enforcement authority to the State Real

Estate Commission




What does the State Real Estate Commission function under?


✓ The Bureau of Professional and Occupational Affairs, which is part of

the Pennsylvania Department of State




Who amends RELRA?


✓ State Legislature




Who creates rules and regulations for license holders?


✓ RELRA




The law that created the State Real Estate Commission is...


✓ The Real Estate Licensing and Registration Act




Master01 | October, 2024/2025 | Latest update

, 1 | P a g e | © copyright 2024/2025 | Grade A+

T/F: The State Real Estate Commission create standard contracts for real

estate transactions


✓ False




How many members are on the State Real Estate Commission in PA?


✓ 11




Who is each member of the Commission appointed by in PA?


✓ The Governor




Who confirms who is appointed to be on the Commission?


✓ The State Senate




How many members of the public must be on the Commission?


✓ 3




How long is each term one must serve being part of the Commission?


✓ 5 years




your license can be inactive for how long until you need to retake the exam?



Master01 | October, 2024/2025 | Latest update

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