Online Access Free RePA_Sales_S Exam Questions

According to the Pennsylvania Landlord-Tenant Act, a tenant must be notified of the final disposition of their security deposit within what time period following the end of the lease?

• A.Within 5 days
• B.Within 60 days
• C.Immediately upon completion of the landlord's final inspection of the premises
• D.Within 30 days

In order to work as a property manager for compensation, an individual must:

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

If known, the listing broker MUST disclose which of the following to a prospective buyer?

• A.That the seller has accepted a position in another state
• B.That the seller's mortgage is assumable
• C.That the seller's water system is contaminated
• D.That the seller has filed for divorce

According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?

• A.Failure to disclose the licensee's use of a third party to acquire property listed by the licensee's office
• B.Failure to engage legal counsel to respond to a Commission request for information stemming from a complaint about the licensee
• C.Taking a listing that has a duration of only 2 months
• D.Negotiating a commission that seriously undercuts those of other brokerage firms

An owner sells a house through a salesperson who works as an independent contractor for a broker. Before the closing, the owner fires the broker. However, the owner agrees to pay the salesperson a $1,000 fee for services. Which of the following is TRUE?

• A.The salesperson may legally accept the $1,000.
• B.The owner can cancel any part of the sales contract at any time.
• C.The salesperson cannot legally accept the $1,000.
• D.The salesperson may only accept the $1,000 with the broker's consent.