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Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?
Answer : A
A real estate license is required to enter into leases on behalf of a landlord because this involves negotiating real estate transactions.
According to 49 Pa. Code 35.201 (Definitions), property management activities that include leasing, collecting rent, and negotiating lease terms require a real estate license.
A property manager who is actively negotiating leases must hold a real estate license unless they are directly employed by the property owner.
Why the other answers are incorrect:
Option B (Distributing Rules): This does not require a license since it is administrative.
Option C (Showing Apartments): Showing apartments does not require a license as long as no negotiations occur.
Option D (Providing Rental Info): Providing information is not negotiating a lease, so a license is not needed.
49 Pa. Code 35.201 -- Definitions
According to the Pennsylvania Real Estate Commission, which one of the following actions by a licensee is prohibited conduct?
Answer : C
A real estate licensee in Pennsylvania is prohibited from failing to disclose any personal interest in a transaction. This includes using a third party to purchase property listed by the licensee's own office.
49 Pa. Code 35.283 (Disclosure of Interest) requires that a licensee must disclose any financial interest they have in a transaction.
If a licensee arranges for a third party (such as a relative or business associate) to purchase a property without disclosure, this is considered a serious ethical violation.
Why the other answers are incorrect:
Option A (Short Listing Duration): Listings do not have a minimum required time period, so a 2-month duration is permissible.
Option B (Undercutting Commission): Commission fees are negotiable, and the Real Estate Commission does not set a minimum fee.
Option D (Legal Counsel Not Required): Licensees are not required to hire legal counsel to respond to Commission complaints, but they must respond honestly and fully.
49 Pa. Code 35.283 -- Disclosure of Interest
According to the Pennsylvania Landlord-Tenant Act, a tenant must be notified of the final disposition of their security deposit within what time period following the end of the lease?
Answer : B
Under The Pennsylvania Landlord and Tenant Act of 1951 (68 P.S. 250.512), a landlord must return the tenant's security deposit or provide a written explanation of any deductions within 30 days of lease termination.
If the landlord withholds any portion of the deposit, they must provide an itemized list of damages and the amount deducted.
If the landlord fails to return the deposit or provide an itemized list within 30 days, they forfeit their right to keep any portion of the deposit and may be subject to legal penalties.
The tenant must provide a forwarding address to receive the deposit or notice.
Why the other answers are incorrect:
Option A (5 Days): There is no 5-day requirement in Pennsylvania law.
Option C (60 Days): The landlord is required to act within 30 days, not 60 days.
Option D (Immediately upon inspection): While an inspection may occur, the law grants the landlord up to 30 days to finalize deductions and return funds.
The Pennsylvania Landlord and Tenant Act of 1951 (68 P.S. 250.512)
Licensing law in the Commonwealth of Pennsylvania requires that a real estate salesperson be supervised by a licensed real estate broker or a broker-assigned:
Answer : C
Under 49 Pa. Code 35.241 (Supervision and Operation of Offices), a licensed real estate salesperson must be supervised by a broker or an associate broker designated by the broker.
A broker may assign an associate broker (who has passed the broker exam but does not own the brokerage) to oversee salespersons.
Salespersons cannot work independently; they must work under the direction of a licensed broker or an assigned associate broker.
Why the other answers are incorrect:
Option A (Team Leader): A team leader is not a formal supervisory position under Pennsylvania law unless they are an associate broker or broker.
Option B (Salesperson): A salesperson cannot supervise other salespersons.
Option D (Transaction Coordinator): A transaction coordinator handles paperwork but does not supervise licensees.
49 Pa. Code 35.241 -- Supervision and Operation of Offices
A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?
Answer : B
Under 49 Pa. Code 35.331 (Written Agreements Generally), all parties must receive a copy of a signed offer within 1 business day of acceptance.
This ensures that buyers and sellers have full documentation of the transaction.
Delaying delivery of signed contracts can lead to disputes and potential violations of real estate regulations.
Why the other answers are incorrect:
Option A (24 Hours): While fast delivery is preferred, the law specifically states ''1 business day.''
Option C (At Closing): Buyers must receive a copy well before closing.
Option D (Reasonably Practicable Time): This is too vague and does not meet the specific 1-business-day requirement.
49 Pa. Code 35.331 -- Written Agreements Generally
