PRES Pennsylvania Real Estate Salesperson Examination - Set 5 - Part 3

Test your knowledge of technical writing concepts with these practice questions. Each question includes detailed explanations to help you understand the correct answers.

Question 41: To obtain a Pennsylvania salesperson license, an applicant must complete how many hours of approved pre-licensing education?

Thirty hours

Two hundred forty hours

Seventy-five hours

Fourteen hours

Question 42: A new Pennsylvania salesperson has passed the examination and met the education requirement. What else is required before the license is issued for practice?

Three years of experience

A broker's license

An appraiser certification

Affiliation with a licensed broker

Question 43: A friend negotiates the sale of a neighbor's house for a two-thousand-dollar fee without a license. Is a license required for this?

Yes, a license is required

No, friends are exempt

No, the fee is too small

Only if the sale closes

Question 44: Which person is generally exempt from the Pennsylvania real estate licensing requirement?

A salesperson working for a broker

An owner selling their own property

A broker managing rentals for others

A licensee on inactive status

Question 45: A Pennsylvania salesperson may lawfully work for how many employing brokers at the same time?

Up to three brokers

Any number of brokers

Only one broker at a time

No broker is needed

Question 46: Pennsylvania real estate licenses are renewed on what cycle?

Every year

Every five years

Only once, permanently

Every two years

Question 47: A salesperson's Pennsylvania license has been inactive or lapsed for six years. What must the licensee do to return to practice?

Retake the licensing examinations

Just pay a fee

Nothing, it reactivates itself

Wait one more year

Question 48: Each Pennsylvania biennial renewal requires fourteen hours of continuing education. For a salesperson renewing after the first time, which mandatory topics are included?

Ten hours of appraisal

Two hours fair housing, three agency

All electives only

No mandatory topics

Question 49: A salesperson receives an earnest-money check at the broker's office under a signed offer. Generally, by when must the broker deposit it into escrow?

Within thirty days

After closing

By the next business day

Whenever convenient

Question 50: A broker, short on operating cash, borrows funds from the escrow account for office rent, intending to repay it. How is this conduct classified?

A permitted short-term loan

Ordinary business practice

A protected disbursement

Conversion, a serious violation

Congratulations!

You have completed all 5 question sets. Good job!

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