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

Licenses expire May 31 of every even-numbered year. There is no tenure or any special conditions that would allow Bridget an extended active license. As of June 1st her license would be inactive and would have to cease practice until she gets it renewed.

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.

A real estate broker must hold a brokers license in the state of Pennsylvania - simple as that.

Cemetery brokers need to have a real estate license in certain U.S. states; Pennsylvania is one of them. They ALSO require an additional education requirement.

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

Under agency law in Pennsylvania dual agency is illegal. A license holder may represent both principals as a dual agent under the revisions of the Real Estate Licensing and Registration Act.

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.

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.

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.

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 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.

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.

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.

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.

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.

Failing to preserve for three years following its consummation records relating to any real estate transaction is a violation! But two years is not. All the other acts are prohibited.

Pennsylvania requires real estate brokers and salespersons to complete 14 hours of Commission-approved continuing education during each two-year license period. The purpose of this is to keep agents up to date on law changes and learn any new procedures. If you are a new salesperson licensee and you are renewing your license for the first time, you are required to complete a specific set of education courses. Additionally, a licensed broker or salesperson who wishes to activate a license that has been placed on inactive status is still required to complete 14 hours of continuing education.

Trick question! Jacob is unlicensed, so never, since a broker may not pay a referral fee to an unlicensed person. In Pennsylvania, it is forbidden to pay anyone unlicensed referral fees.

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

As long as the salesperson was licensed at the time the commission was earned, yes. She may receive the commission. While her license is in escrow, she can’t do anything else though.

Whenever you pay your agency fees a portion of those fees go towards the recovery fund, it's $10 normally, and the only time it may be more is if the recovery fund is lower then $300,000. The Commission then asks for an additional $10 from every licensee until the fund increases above $500,000.

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

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.

Real estate laws protect agents, buyers, sellers, landlords, tenants and more. In retrospect, laws are built to protect the citizens of America and in our case specifically Pennsylvania.

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.

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.

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.

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.

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.

In Pennsylvania, it is required that in the process of a real estate transaction is it required for the licensee to disclose if they hold any ownership interest. This is pretty straightforward. If you hold any form of ownership in a transaction, you must disclose it to the appropriate parties.