Free Pennsylvania Real Estate Practice Exam Questions (October 2026) 30+

Both Pennsylvania state and National law must be followed by all Pennsylvania real estate agents

Per Section 455.608e of the Real Estate Licensing and Registration Act, “A broker must deposit moneys and property, of whatever kind or nature, belonging to others, in a separate custodial or trust fund account maintained by the broker with a bank or recognized depository by the end of the business day following their receipt by the broker.”

The Commission can and WILL suspend a salespersons license if they advertise a property without the consent of the owner. That is a clear violation from the Real Estate Licensing and Registration Act. Damages is normally distributed through the real estate recovery fund but is in the form of cash.

The Commission administers and enforces the laws of Pennsylvania relating to real estate activities. The real estate commission conducts its business in order to protect the public interest.

Per Section 501(b) of the Real Estate Licensing and Registration Act, “Any person who remains inactive for a period of five years without renewing his license shall, prior to having a license reissued to him, submit to and pass the examination pertinent to the license for which the person is reapplying.”

The real estate recovery fund is a special fund established by the Real Estate Licensing and Registration Act to provide reimbursement to persons who are victims of fraud, misrepresentation or deceit committed by real estate licensees during the course of any transaction for which a license is required.

A claim for payment from the recovery fund must be made no more than one year after the termination of the proceedings, including reviews and appeals in connection with the judgment. It's important to highlight that because after a year any issues cannot be filed.

In Pennsylvania, the Real Estate Licensing and Registration Act clearly states giving a consumer notice is required. Here is the direct quote: “In an effort to enable consumers of real estate services to make informed decisions about the business relationships they may have with real estate brokers and salespersons (licensees), the Real Estate Licensing and Registration Act (RELRA) requires that consumers be provided with this Notice at the initial interview.” The big thing to remember is the papers must be presented to any buyer or seller (or landlord or tenant) at first contact where real estate is discussed.

If a licensee represents more than one party in a transaction(an example of dual agency), all parties must give written consent to the multiple representation. Pretty straightforward, this promotes transparency and makes sure everyone understands the circumstances.

All of the following would be prohibited acts and are clearly defined in the Real Estate Licensing and Registration Act.

Some agents may put their licenses in escrow for numerous reasons. To do that they may submit a form to the Pennsylvania Real Estate Commission, and enclose their real estate license.

The seller pretty much always gets the earnest money. Earnest money is a deposit the buyer pays into escrow. If he or she fails to close the deal for any reason other than those listed in their contingencies, the seller gets to keep it to compensate for lost time/money/marketing ability. So the correct answer was the seller.

No it is not. Commingling is a breach of trust in which a fiduciary mixes funds held in care for a client with their own funds. Commingling is illegal in Pennsylvania.

The Pennsylvania Real Estate Commission is located in Harrisburg. Simple as that!

Licensees must retain a copy of their consumer notice (signed or refused) for 6 months. Per (The Real Estate Licensing and Registration Act).

Here is a full list of what Pennsylvania assistants can and cannot do. First off they cannot: Host an open house to be attended by the general public. Explain or interpret information on the listing sheets to licensees to the general public. Provide information on the style, location of the home, lifestyle or amenities available. Tour or show a home to the general public, discuss prices, price ranges or mortgage rates. They can, however: Host an open house to be attended by only real estate licensees. Show a rental property to potential tenants. Prepare and distribute brochures about listed properties to other real estate offices. Erect “for sale” signs. Maintain lockboxes. Perform general clerical duties.

For the second time of engaging in the real estate business without a license the maximum penalty is a fine of $5,000 and imprisonment for a period of two years.

Ethically speaking the most significant responsibilities agents have is their duty to disclose honest and accurate information.

Here are the Pennsylvania brokers license requirements. An applicant must be 21 years or older, pass a background check, and must be recommended by an accredited broker in the state of Pennsylvania additionally two references who own property in their county must be added to the application as well. Almost like references for when job interview. They must have completed 16 credits or 240 hours of real estate instruction within ten years before the date of successful completion of the licensing examination and of course, have the appropriate fees and pass the exam.

Cemetery salespersons operate similarly to how regular real estate salespersons and brokers do. Their relationship is almost the same. Brokers are in charge and have to swear to lead and train their salespersons appropriately. One clear distinction between the two is that a cemetery salesperson does not have to take a real estate exam. In fact, in Pennsylvania, there is no education requirement or exam required for a cemetery salesperson.

In some states, a verbal agreement is enough. In Pennsylvania, a broker is allowed to put a For-sale sign on a property when the seller agrees in writing. It has to be in writing.

Applicants for salespersons do NOT need 2 real estate agent references. Brokers need references. They must be recommended by an accredited broker in the state of Pennsylvania additionally two references who own property in their county must be added to the application as well.

Consumer notices are CLEARLY defined in the Real Estate Licensing and Registration Act. Here is the direct quote: “In an effort to enable consumers of real estate services to make informed decisions about the business relationships they may have with real estate brokers and salespersons (licensees), the Real Estate Licensing and Registration Act (RELRA) requires that consumers be provided with this Notice at the initial interview.” - This notice referring to consumer notices.

His or her’s license is automatically suspended as of the effective date of payment when payment is made from the recovery fund. For the licensee to have the license reinstated, the licensee must repay the full amount plus interest at the rate of 10% per year.

Pennsylvania real estate laws protect agents, buyers, sellers, landlords, tenants and more specifically transparency.

For the first time of engaging in the real estate business without a license the maximum penalty is a fine of $500 and imprisonment for a period of 3 months.

Pennsylvania's first real estate license law was adopted way back in May 1st, 1929, and was amended numerous times to reflect changes in the state and industry. With most states, real estate law changes throughout time. On February 19th, 1980, the current law, known as the Real Estate Licensing and Registration Act (RELRA), was adopted.

The real estate recovery fund is a special fund established by the Real Estate Licensing and Registration Act to provide reimbursement to persons who are victims of fraud, misrepresentation or deceit committed by real estate licensees during the course of any transaction for which a license is required. The Recovery Fund is designed to protect consumers and the consumers are entitled to collect.

The Commission administers and enforces the laws of the Commonwealth relating to real estate activities. The Commission is also in charge of suspending and revoking licenses when violations occur and in-charge of all licensee related things.

Here is a full list of what Pennsylvania assistants can and cannot do. First off they cannot: Host an open house to be attended by the general public. Explain or interpret information on the listing sheets to licensees to the general public. Provide information on the style, location of the home, lifestyle or amenities available. Tour or show a home to the general public, discuss prices, price ranges or mortgage rates. They can, however: Host an open house to be attended by only real estate licensees. Show a rental property to potential tenants. Prepare and distribute brochures about listed properties to other real estate offices. Erect “for sale” signs. Maintain lockboxes. Perform general clerical duties.