Question 1

 

Multiple Answer

(1.0000 points)

 

Question:

In Pennsylvania, which of the following are required to open your own real estate office in your home?
(Check all that apply)

 

 

 

must have sign
must have separate entrance
must prominently display Fair Housing Notice
must have license for office
must prominently display licenses in the office near the office entrance.

 

 

Question 2

 

Multiple Answer

(1.0000 points)

 

Question:

At least how long must you keep PA listing agreements after they have expired?
(Check all that apply)

 

 

 

you may discard them immediately
1 year
2 years
3 years
7 years

 

 

Question 3

 

Multiple Answer

(1.0000 points)

 

Question:

Which of the following events require you to notify the Pennsylvania Real Estate Commission within 10 days?
(Check all that apply)

 

 

 

change of address
change of office location
change of employing broker
escrow account dispute between seller and buyer
listing or selling of the licensee's personal real property

 

 

Question 4

 

Multiple Answer

(1.0000 points)

 

Question:

Which of the following information is required to be disclosed in Pennsylvania on a listing agreement or other documents at the time the listing is taken?
(Check all that apply)

 

 

 

Real Estate Recovery Fund information
licensee's agency relationship with the seller
commission and duration is negotiable
the presence of an automatic renewal clause in an exclusive-right-to-sell listing
the commission rate

 

 

Question 5

 

Multiple Answer

(1.0000 points)

 

Question:

Which of the following information is required to be disclosed in Pennsylvania on a sales agreement or other documents at the time the listing is taken?
(Check all that apply)

 

 

 

Real Estate Recovery Fund information
licensee's agency relationship with the seller and buyer
zoning of commercial property
sales price
dates for execution