PA REAL ESTATE ACTUAL EXAM 2026 -2027 ACTUAL
COMPLETE EXAM 200 QUESTIONS WITH ACCURATE
ANSWERS VERIFIED ANSWERS | MULTIPLE CHOICES /
ALREADY GRADED A+ |2026 BRAND NEW EXAM!!
1. A listing broker procures a ready, willing, and able buyer for his or
her seller-principal. The seller first accepts the buyer's offer in writing,
then experiences a change of heart and withdraws the original
acceptance. In this situation, the broker: 1. may be entitled to collect a
commission. 2. has no recourse because the transaction was never
completed.
3. may sue the buyer. 4. may retain the deposit as compensation.
1. 1. The broker has fulfilled his obligation under the terms of the
listing contract with the seller by procuring a ready, willing, and able
buyer and is therefore entitled to recover his agreed-upon
compensation. He may not sue the buyer and cannot retain the deposit
as compensation.
2. In Pennsylvania, brokerage fees are: 1. set by law. 2. set by the
Pennsylvania Real Estate Commission. 3. determined by local groups of
brokers operating a multiple listing
service. 4. negotiable between the consumer and the broker employed
by the consumer.
2. 4. Brokerage fees are established solely as a result of a negotiated
agreement between the broker and the consumer. The broker is
required to disclose this to the
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consumer at the initial interview (608 (8)). Fees are not determined by
law, the real estate commission, or local brokers.
3. Commissions earned by a broker in a real estate sales transaction:
1. are determined by agreement of the broker and the consumer. 2.
may be shared with an unlicensed
person who is employed by the broker, provided that such person
aided the broker in bringing the buyer and seller together. 3. may be
deducted from the earnest money
deposit and claimed by the broker as soon as the buyer and seller
execute the purchase and sales agreement. 4. are based on a schedule
of commission rates set by the multiple listing service.
3.1. Brokerage fees are established by agreement between the broker
and the consumer to whom the broker provides service. The broker
may not share these fees with an
unlicensed individual (604 (a)(12.1)). The broker must maintain the
earnest money deposit until the transaction is consummated or
terminated.
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4. Several weeks after a closing, an associate broker received a
thank-you letter and a nice bonus check from the seller of the
house. The associate broker cashed the check because he felt it was
earned. In this situation, which of the following is true?: 1. The
associate broker may accept the bonus because he is licensed as an
associate broker. 2. Accepting the money is allowed if more than 30
days have elapsed since closing. 3. The associate broker may accept
the money if his broker permits him to do so. 4. Accepting the money
is a violation of the License and Registration Act.
4. 4. License law prohibits a salesperson or associate broker from
accepting a commission or any valuable consideration for the
performance of any act specified in the law from any person except
the licensed real estate broker with whom he is affiliated (604
(a)(12)).
5. What determines the amount of compensation to be paid to a licensed
real estate
salesperson by the employing broker?:1. Negotiation between the
broker and property owner at the time property is listed for sale. 2. The
rules and regulations of the multiple listing service to which the
broker belongs 3. The code of ethics of the association or board of
REALTORS® 4. The contract between the employing broker and the
licensed real estate salesperson
5. 4. The licensed salesperson and employing broker agree to the terms
of
compensation to be paid by the broker to the salesperson. Professional
organizations, multiple listing services, and other parties, such as
sellers, do not dictate or control
compensation arrangements.
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6. A real estate company has entered into agency agreements with
both a seller and a buyer. The buyer is interested in making an offer on
the seller's property. Can this occur?:
1. No, because the real estate company would then be a dual agent. 2.
Yes, as long as
written agency agreements have been entered into with both parties.
3. Yes, if the seller has agreed to pay the commission. 4. Yes, if both
the buyer and seller give their
informed consent in writing after receiving full disclosure regarding dual
agency.
6. 4. In Pennsylvania, dual agency is permitted if both parties give their
fully informed consent in writing 606.4(A).
7. The listing agreement with a seller has expired, and the seller lists with
a different
brokerage firm. The original listing salesperson now represents a buyer
interested in the seller's property. The original listing agent: 1. is a
dual agent and must get permission
from both parties. 2. cannot disclose to the buyer information about
terms acceptable to the seller that were received during the listing
period. 3. cannot disclose to the buyer information about the physical
condition of the property. 4. cannot represent the buyer.
7. 2. The original agent may not disclose offers received during the first
listing. The fiduciary duty of confidentiality continues after the
termination of the agency
relationship (606.1 (g)). The agent is not a dual agent, since the original
agent no longer has an agency relationship with the seller.
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