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Homework 2

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  1. In Pennsylvania, which of the following real estate business activities would require a real estate sales or broker's license unless the activity met the exemption criteria?
    (Check all that apply)
    a.  selling
    b.  listing
    c.  leasing
    d.  appraisal
    e.  property management
  2. Which of the following types of real estate licenses would be the normal license for someone selling cemetery lots at a public cemetery in PA?
    (Check all that apply)
    a.  salespersons
    b.  brokers
    c.  limited
    d.  builder-owner
    e.  campground membership
  3. Which of the following are Pennsylvania exemptions from licensure requirements for regulated real estate brokerage activities?
    (Check all that apply)
    a.  selling acreage owned by you
    b.  employee selling company-owned coal    rights
    c.  managing your own apartment building
    d.  power company employee selling dock privileges along the Clarion River power lake
    e.  an attorney listing your house for sale
  4. Which of the following is required to get a salesperson's license in Pennsylvania?
    (Check all that apply)
    a.  must be 18 or older
    b.  must pass salesperson's licensing exam
    c.  must complete approved 60 hour course
    d.  must have high school diploma or GED
    e.  must have 3 years brokerage experience
  5. Which of the following is required to get a broker's license in Pennsylvania?
    (Check all that apply)
    a.  must be 21 or older
    b.  must pass broker's licensing exam
    c.  must complete approved 240 hr course
    d.  must have high school diploma or GED
    e.  must have 3 years brokerage experience

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