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PA Real Estate State Exam (2026/2027) || Most Recent
Exam Actual Complete Real Verified Exam Questions
And Correct Answers (Verified Answers) Already
Graded | Guaranteed Success!! Newest Exam!!!
A broker who wishes to place a For Sale sign on a listed
property must first - Answer-obtain the written consent of
the owner of the property.
In PA, which of the following is legal and will NOT result in
a broker's facing suspension or revocation of the broker's
license? - Answer-Depositing earnest money received into
the firm's escrow account
If an agreement of sale is conditioned on the ability of the
buyer to obtain mortgage financing, all of the following
must be included in the agreement EXCEPT - Answer-a
copy of the buyer's credit report.
In a cooperating broker transaction, when the seller is
represented by a listing broker and the buyer is
represented by a broker acting as a buyer's agent, which
broker holds the buyer's earnest money deposit in an
escrow account? - Answer-With appropriate notices to
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buyer and seller, either broker may assume the duty to
hold the earnest money deposit in an escrow account.
Statements of estimated costs and returns must - Answer-
be presented to the parties prior to execution of an
agreement of sale.
What are the procedures that salespersons must follow
when they decide to terminate the affiliation with an
employing broker and affiliate with a different broker? -
Answer-Notify the Commission in writing to later than 10
days after the intended date of change and pay the
required fee
When a person obtains a final judgement against a
licensee and seeks payment from the real estate recovery
fund, what is the time frame for making application for
payment from the fund?` - Answer-No more than one year
after the termination of the proceedings, including reviews
and appeals, in connection with the judgement
Upon obtaining an exclusive listing, a broker or licensed
salesperson is obligated to - Answer-give the person or
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persons signing the listing a legible, signed, true and
correct copy.
A broker signs a 3 month listing agreement with a seller.
The agreement contains the following clause: "If the
property has not been sold after 3 months from the date of
this signing, this agreement will automatically continue for
additional 3 month periods thereafter until the property is
sold." In PA, this clause is - Answer-illegal.
3 weeks before Ned begins his real estate prelicense
class, he offers to help his neighbor sell her house. The
neighbor agrees to pay him a 5% commission. The seller
accepts an offer while Ned is taking the class and closes
the day he passes the examination. The neighbor refuses
to pay him the agreed commission. Can Ned sue to
recover payment? - Answer-No, license law prohibits
lawsuits to collect commissions unless the injured party
was properly licensed at the time the agreement was
reached.
A candidate for a broker's license in PA must - Answer-
have passed the broker's license exam within 3 years prior
to license application.
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An unlicensed individual who engages in activities for
which a real estate license is required is subject to which
penalty upon conviction for a first offense? - Answer-Fine
not to exceed $500
In what circumstance may a violation of the license law on
the part of a salesperson be grounds for the suspension or
revocation of the employing broker's license? - Answer-
The broker's license is subject to suspension or revocation
if it can be shown that the broker had actual knowledge of
the violation committed by the salesperson.
According to license law, who is responsible in any office
for the activities of the licensees? - Answer-the broker
licensee must supervise the activities of all licensed
salespersons and associate brokers
During a showing to a prospective buyer, the listing agent
noticed a small, damp water stain on the ceiling that was
still dripping after last night's rainstorm. The stain was not
there the day the listing agreement was obtained. The
property disclosure form makes no mention of any defects
that would cause the stain. If a licensee notices material
PA Real Estate State Exam (2026/2027) || Most Recent
Exam Actual Complete Real Verified Exam Questions
And Correct Answers (Verified Answers) Already
Graded | Guaranteed Success!! Newest Exam!!!
A broker who wishes to place a For Sale sign on a listed
property must first - Answer-obtain the written consent of
the owner of the property.
In PA, which of the following is legal and will NOT result in
a broker's facing suspension or revocation of the broker's
license? - Answer-Depositing earnest money received into
the firm's escrow account
If an agreement of sale is conditioned on the ability of the
buyer to obtain mortgage financing, all of the following
must be included in the agreement EXCEPT - Answer-a
copy of the buyer's credit report.
In a cooperating broker transaction, when the seller is
represented by a listing broker and the buyer is
represented by a broker acting as a buyer's agent, which
broker holds the buyer's earnest money deposit in an
escrow account? - Answer-With appropriate notices to
,2|Page
buyer and seller, either broker may assume the duty to
hold the earnest money deposit in an escrow account.
Statements of estimated costs and returns must - Answer-
be presented to the parties prior to execution of an
agreement of sale.
What are the procedures that salespersons must follow
when they decide to terminate the affiliation with an
employing broker and affiliate with a different broker? -
Answer-Notify the Commission in writing to later than 10
days after the intended date of change and pay the
required fee
When a person obtains a final judgement against a
licensee and seeks payment from the real estate recovery
fund, what is the time frame for making application for
payment from the fund?` - Answer-No more than one year
after the termination of the proceedings, including reviews
and appeals, in connection with the judgement
Upon obtaining an exclusive listing, a broker or licensed
salesperson is obligated to - Answer-give the person or
,3|Page
persons signing the listing a legible, signed, true and
correct copy.
A broker signs a 3 month listing agreement with a seller.
The agreement contains the following clause: "If the
property has not been sold after 3 months from the date of
this signing, this agreement will automatically continue for
additional 3 month periods thereafter until the property is
sold." In PA, this clause is - Answer-illegal.
3 weeks before Ned begins his real estate prelicense
class, he offers to help his neighbor sell her house. The
neighbor agrees to pay him a 5% commission. The seller
accepts an offer while Ned is taking the class and closes
the day he passes the examination. The neighbor refuses
to pay him the agreed commission. Can Ned sue to
recover payment? - Answer-No, license law prohibits
lawsuits to collect commissions unless the injured party
was properly licensed at the time the agreement was
reached.
A candidate for a broker's license in PA must - Answer-
have passed the broker's license exam within 3 years prior
to license application.
, 4|Page
An unlicensed individual who engages in activities for
which a real estate license is required is subject to which
penalty upon conviction for a first offense? - Answer-Fine
not to exceed $500
In what circumstance may a violation of the license law on
the part of a salesperson be grounds for the suspension or
revocation of the employing broker's license? - Answer-
The broker's license is subject to suspension or revocation
if it can be shown that the broker had actual knowledge of
the violation committed by the salesperson.
According to license law, who is responsible in any office
for the activities of the licensees? - Answer-the broker
licensee must supervise the activities of all licensed
salespersons and associate brokers
During a showing to a prospective buyer, the listing agent
noticed a small, damp water stain on the ceiling that was
still dripping after last night's rainstorm. The stain was not
there the day the listing agreement was obtained. The
property disclosure form makes no mention of any defects
that would cause the stain. If a licensee notices material
