Exam (elaborations)
PA REAL ESTATE LICENSURE QUESTIONS AND ANSWERS
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PA REAL ESTATE LICENSURE QUESTIONS AND ANSWERS
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PA REAL ESTATELICENSURE
QUESTIONS AND
ANSWERS
Lara took all of the required real estate education. She then took a job in a different
profession before taking her licensing exam. Lara does not have to retake the required
education as long as she had completed her pre licensing courses no more than
A. 3 years ago
B. 5 years ago
C. 10 years ago
D. there is no time limit - Answers -B.
All officers of a corporation or members of a partnership or association who engage in
real estate must have a broker's license or an associate broker's license. true or false -
Answers -false. an officer or partner in a real estate brokerage office who engages in or
intends to engage in real estate must have a broker/associate broker's license OR a
real estate salesperson's license
Can a corporation have a broker's license without having an associate broker? yes or
no - Answers -yes. a non living entity broker must have at lease one broker of record,
but is not required to have any associate brokers, or salesperson's for that matter
Could there be more than one associate broker in a company? yes or no - Answers -
yes. there are no limits to the number of associate brokers who may be licensed under
the company's broker's license.
Can a salesperson's license be issued to a non living entity such as a corporation? yes
or no - Answers -no
Vicky is a licensed salesperson working for Linda Realty. Inc. Can she be named
president of the corporation? yes or no - Answers -yes.
, Can an associate broker be the broker of record? yes or no - Answers -no. an associate
broker is employed by a broker and cannot employ other licenses. while an associate
broker cannot be the broker of record, he could be the manager of a real estate
company
broker candidates are required to complete _____ hours of state approved education
and have _____ years of experience
A. 75 hours/ no years
B. 75 hours/ three years
C. 240 hours/ two years
D. 240 hours/ three years - Answers -D
Carla has been a successful salesperson for XYZ Estate sales for 15 years, and she
decides that it's time to start her own real estate company. At lease initially, Carla will be
the only employee. Which statement best defines the license requirements for the new
company?
A. carla is the broker of record
B. the company is a broker, and carla is an associate broker
C. the company is a broker, and carla is the broker of record
D. the company is a broker, and carla is a salesperson - Answers -C.
Completion of required hours of education
A. salesperson's only
B. brokers only
C. brokers and salesperson - Answers -C
The name and signature of a sponsoring broker
A. salesperson's only
B. brokers only
C. brokers and salesperson - Answers -A
Which is NOT a requirement that must be met before applying for a PA real estate
salesperson's license?
A. be at least 21
B. complete an approved 75 hour pre licensing course
C. pass a state sponsored real estate exam
D. present the name of a sponsoring broker - Answers -A. an applicant must only be 18
Which statement about rental listing referral agents is FALSE?
A. they can be manager of record for only one company
B. they must complete 60 hours of pre licensing real estate instruction
C. they can hire other rental listing referral agents
D. they can negotiate leases for the properties they list - Answers -D. only licensed real
estate brokers or property owners can negotiate leases
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