PA Real Estate Salesperson Exam - State Portion
Exam Prep
1. AGENCY RELATIONSHIP: A relationship whereby the broker or
licensees in the employ of the broker act as fiduciaries for a consumer
of real estate services by the express authority of the consumer of real
estate services.
2. ASSOCIATE BROKER: A broker employed by another broker.
3. BROKER: Any person who, for another and for a fee, commission
or other valuable consideration:
(1)negotiates with or aids any person in locating or obtaining for
purchase, lease or an acquisition of interest in any real estate;
(2)negotiates the listing, sale, purchase, exchange, lease, time share
and similarly designated interests, financing or option for any real
estate;
(3)manages any real estate;
1/
,(4)represents himself to be a real estate consultant, counselor, agent or
finder;
(5)undertakes to promote the sale, exchange, purchase or rental of
real estate: Provided, however, That this provision shall not include
any person whose main business is that of advertising, promotion or
public relations;
(5.1) undertakes to perform a comparative market analysis; or
(6)attempts to perform any of the above acts.
4. BUILDER-OWNER SALESPERSON: Any person who is a full-time
employee of a builder-owner of single and multifamily dwellings located
within the Commonwealth and as such employee shall be authorized
and empowered to list for sale, sell or offer for sale, or to negotiate the
sale or exchange of real estate, or to lease or rent, or offer to lease,
rent or place for rent, any real estate owned by his builder-owner
employer, or collect or offer, or attempt to collect, rent for the use of real
2/
, estate owned by his builder-owner employer, for and on behalf of such
builder-owner employer.
5. BUYER AGENT: Any licensee who has entered into an agency
relationship with a consumer buyer of real estate.
6. CAMPGROUND MEMBERSHIP: An interest, other than in fee simple or
by lease, which gives the purchaser the right to use a unit of real
property for the purpose of locating a recreational vehicle, trailer, tent,
tent trailer, pickup camper or other similar device on a periodic basis
pursuant to a membership contract allocating use and occupancy rights
between other similar users.
3/
Exam Prep
1. AGENCY RELATIONSHIP: A relationship whereby the broker or
licensees in the employ of the broker act as fiduciaries for a consumer
of real estate services by the express authority of the consumer of real
estate services.
2. ASSOCIATE BROKER: A broker employed by another broker.
3. BROKER: Any person who, for another and for a fee, commission
or other valuable consideration:
(1)negotiates with or aids any person in locating or obtaining for
purchase, lease or an acquisition of interest in any real estate;
(2)negotiates the listing, sale, purchase, exchange, lease, time share
and similarly designated interests, financing or option for any real
estate;
(3)manages any real estate;
1/
,(4)represents himself to be a real estate consultant, counselor, agent or
finder;
(5)undertakes to promote the sale, exchange, purchase or rental of
real estate: Provided, however, That this provision shall not include
any person whose main business is that of advertising, promotion or
public relations;
(5.1) undertakes to perform a comparative market analysis; or
(6)attempts to perform any of the above acts.
4. BUILDER-OWNER SALESPERSON: Any person who is a full-time
employee of a builder-owner of single and multifamily dwellings located
within the Commonwealth and as such employee shall be authorized
and empowered to list for sale, sell or offer for sale, or to negotiate the
sale or exchange of real estate, or to lease or rent, or offer to lease,
rent or place for rent, any real estate owned by his builder-owner
employer, or collect or offer, or attempt to collect, rent for the use of real
2/
, estate owned by his builder-owner employer, for and on behalf of such
builder-owner employer.
5. BUYER AGENT: Any licensee who has entered into an agency
relationship with a consumer buyer of real estate.
6. CAMPGROUND MEMBERSHIP: An interest, other than in fee simple or
by lease, which gives the purchaser the right to use a unit of real
property for the purpose of locating a recreational vehicle, trailer, tent,
tent trailer, pickup camper or other similar device on a periodic basis
pursuant to a membership contract allocating use and occupancy rights
between other similar users.
3/
