PA Real Estate State Portion Exam Latest Update 2025-2026 120 Questions and 100% Verified Correct Answers Guaranteed A+
A broker may delegate authority to make withdrawals from an escrow account to -
CORRECT ANSWER: a licensed employee only
A broker must prominently display ... in the office? - CORRECT ANSWER: Broker's
license along with the license of all salespeople working for the broker
a broker or salesperson who is selling or leasing his own real estate: - CORRECT ANSWER: shall disclose his licensed status to a prospective buyer or lessee before enter into an agreement of sale or lease
A broker shall not ............deposits or other escrows or property of another person with
the broker's own funds or property. - CORRECT ANSWER: Commingle
A broker who wishes to open a branch office must ____ - CORRECT ANSWER: obtain
a branch office license
A broker's written records of escrow accounts must include - CORRECT ANSWER: - the name of the party to whom the money belongs to- the dates money is received, deposited, and withdrawn- the name of the party from whom the money is received
A licensee may pay a referral fee to an unlicensed person _____ - CORRECT
ANSWER: under NO circumstances
A licensee may receive compensation from a broker other than the employer -
CORRECT ANSWER: Under NO circumstances
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A licensee must give notice of his/her ownership interest in a real estate transaction _ -
CORRECT ANSWER: at the outset of the transaction
A licensee selling his/her own property must include his/her status in an ad _____. -
CORRECT ANSWER: unless the property is listed with a real estate company.
A licensee who does not have an agency relationship with either party is known as a -
CORRECT ANSWER: transaction licensee
A licensee whose license has been on inactive status for LESS than five years may reactivate the license by ____. - CORRECT ANSWER: completing 14 hours of edu and paying fees.
A person who holds a real estate salesperson license who wishes to sell timeshares -
CORRECT ANSWER: is NOT required to obtain a timeshare salesperson license.
A person who is licensed as a broker or salesperson in another state may obtain a PA
license by submitting an application and ___ - CORRECT ANSWER: passing the PA
portion of the license exam.
A real estate broker may represent both the buyer and the seller in the same transaction
if the dual agency is _____ - CORRECT ANSWER: disclosed IN WRITING to both
parties
A real estate broker or salesperson license is issued for a period of ___ years. -
CORRECT ANSWER: 2
According to RELRA, a licensee may delegate agency to a subagent - CORRECT
ANSWER: with the principal's written consent
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