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Valid RePA_Sales_S Exam Vce, RePA_Sales_S Discount

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Pennsylvania Real Estate Commission PA Salesperson State Exam Sample Questions (Q13-Q18):

NEW QUESTION # 13
Interest earned on an escrow account is:

A. Equally divided between the listing and selling brokers.
B. Payable subject to an agreement between the parties.
C. Equally divided between the buyer and seller.
D. Payable to the broker holding the deposit.

Answer: B

Explanation:
Under49 Pa. Code § 35.326 (Escrow Accounts and Interest),interest earned on escrow accounts belongs to the party or parties as determined by the terms of the contract or agreement.
* A broker cannot personally benefit from interest earned on escrow funds unless the contract explicitly allows it.
* The purchase agreement must specify how the interest is handled, whether it is payable to the buyer, seller, or split between parties.
Why the other answers are incorrect:
* Option A (Payable to the Broker):A broker cannot keep interest from an escrow account unless agreed upon in writing.
* Option B (Equally Divided Between Buyer and Seller):Interest division is not automatic; it must be outlined in the contract.
* Option C (Equally Divided Between Brokers):Brokers do not have rights to escrow interest unless explicitly agreed upon.

NEW QUESTION # 14
Why is the following advertisement placed by a salesperson employed by ABC Realty, in violation of Pennsylvania Rules?
"Harrisburg $200,000 SUPER BUY Cozy 3br, 2 1/2 bath Cottage, near bus. For info call 555-9234 (home) or
675-6330 (office). Ask for JOHN DOE."

A. The salesperson's name appears in the ad.
B. The MLS number is not included in the ad.
C. The broker's name does not appear in the ad.
D. No address is given.

Answer: C

Explanation:
According to49 Pa. Code § 35.305(Business Name on Advertisements), alladvertisements placed by a salesperson must include the broker's name.
* Thebroker's name is missing, which violates Pennsylvania advertising requirements (Option C - Correct).
* The property address does not need to be in the ad (Option A - Incorrect).
* Salesperson names are allowed but must be accompanied by the broker's name (Option B - Incorrect).
* MLS numbers are not a requirement in all advertisements (Option D - Incorrect).

NEW QUESTION # 15
Can a licensed real estate broker prepare an appraisal for a new loan on property that the broker has listed for sale?

A. Yes, if the appraisal is identified as a comparative market analysis.
B. Yes, with proper disclosure to the lender about the broker's qualifications.
C. No, real property appraisals are not within the scope of practice for a real estate broker.
D. Yes, if the appraisal is done before an offer to purchase is accepted by the seller.

Answer: C

Explanation:
UnderThe Pennsylvania Real Estate Appraisers Certification Act (63 P.S. § 457.1-457.19),only a state- certified or licensed appraiser can perform real estate appraisals for loan purposes.
* Real estate brokers and salespersons can perform Comparative Market Analyses (CMAs) but cannot legally perform an appraisal for a lender.
* This restriction ensures that appraisals used for lending purposes meet state and federal standards.
Why the other answers are incorrect:
* Option A (CMAs as Appraisals):CMAs arenotappraisals.
* Option B (Before Offer Accepted):Thetiming of the appraisal does not change licensing requirements.
* Option C (Disclosure to Lender):Even with disclosure,brokers are not permitted to conduct appraisals for loans.

NEW QUESTION # 16
A person who uses a guide dog visits a real estate office in search of an apartment to rent. How should the salesperson proceed when working with this person?

A. Tell the person only about apartments that are designed for people with disabilities.
B. Ask for an increased amount of security deposit to cover potential damage caused by the dog.
C. Ask about the size of the apartment the person is looking for and any other features that the person would like.
D. Search for apartments that permit pets.

Answer: C

Explanation:
UnderThe Fair Housing Act (42 U.S.C. § 3604) and The Americans with Disabilities Act (ADA) (42 U.S.
C: § 12101),a salesperson must treat a person with a disability the same as any other prospective tenant, without discrimination.
* The salesperson should focus on the client's housing needs, such as apartment size and features, rather than their disability.
* Landlords cannot charge an extra security deposit for service animals.
* The person is not limited to disability-specific housing; they can rent any unit they qualify for.
Why the other answers are incorrect:
* Option A (Search for Pet-Friendly Apartments):Service animals are NOT pets, so pet restrictions do not apply.
* Option B (Charge Extra Deposit):Thisviolates fair housing laws; extra deposits for service animals are illegal.
* Option C (Limit Options to Disability-Specific Housing):Clients with disabilitiesmust be shown all available housing, not just disability-specific units.

NEW QUESTION # 17
A salesperson secures a listing priced at $110,000. A prospective buyer asks the salesperson to write a
$65,000 offer for the property. The salesperson should:

A. Advise the buyer to offer more for the property since the seller is unlikely to accept such a low offer.
B. Prepare the offer as requested and present it to the seller.
C. Prepare the offer as requested but not waste the seller's time presenting it.
D. Suggest that the buyer have another licensee prepare the offer.

Answer: B

Explanation:
Under49 Pa. Code § 35.292 (Duties of Licensees Generally),a real estate licensee is required to present all written offers to the seller, regardless of the amount.
* It is the seller's right to accept, reject, or counter an offer, not the salesperson's decision.
* A salesperson cannot refuse to submit an offer based on personal opinions about the price.
* Presenting all offers ensures fair dealings and upholds fiduciary duty to the seller.
Why the other answers are incorrect:
* Option B (Not Waste the Seller's Time):It is the seller's decision to accept or reject an offer, not the salesperson's.
* Option C (Advise Buyer to Offer More):A licensee must remain neutral and cannot pressure a buyer to increase their offer.
* Option D (Suggest Buyer Use Another Agent):There is no reason to transfer the buyer to another agent. The agent must present the offer.

NEW QUESTION # 18
......

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