EMT Practice Test

1. Question Content...

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Question1: A listing agreement must contain all of the following EXCEPT:

Question2: According to Pennsylvania license law, the buyer has the right to cancel purchase of which of the following?

Question3: A licensee meets with a couple to discuss listing their home, and the couple ends the meeting by signing a listing agreement. State law REQUIRES that the couple receive a copy of the agreement:

Question4: A listing agreement must contain all of the following EXCEPT:

Question5: Why is the following advertisement placed by a salesperson employed by ABC Realty, in violation of Pennsylvania Rules?
"Harrisburg $200,000 SUPER BUY Cozy 3br, 2 1/2 bath Cottage, near bus. For info call 555-9234 (home) or
675-6330 (office). Ask for JOHN DOE."

Question6: A salesperson has just obtained the seller's signature on an offer to purchase. When MUST the buyer receive a copy?

Question7: In order to work as a property manager for compensation, an individual must:

Question8: A salesperson who operates as an independent contractor for a broker is seldom in the office. Earnest money deposits received by this salesperson:

Question9: If a client requests to list their home for much more than the comparable market analysis (CMA) recommends, what is the duty of the salesperson?

Question10: If clients have questions regarding the sale of their home beyond the licensee's expertise, what MUST the salesperson do?

Question11: According to the Real Estate Commission, which of the following is REQUIRED to hold a real estate license in Pennsylvania?

Question12: Which of the following phrases in a rental ad may be permissible?

Question13: In the normal course of practicing real estate, a licensed real estate salesperson may:

Question14: The Pennsylvania Real Estate Commission has received a written complaint that a licensee is engaging in an activity prohibited by the Real Estate Licensing and Registration Act. What action is the Commission empowered to take?

Question15: The Real Estate Commission is empowered to take action against a licensee who is found to have engaged in any of the following activities EXCEPT:

Question16: An owner sells a house through a salesperson who works as an independent contractor for a broker. Before the closing, the owner fires the broker. However, the owner agrees to pay the salesperson a $1,000 fee for services. Which of the following is TRUE?

Question17: 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?

Question18: A salesperson secures a listing priced at $110,000. A prospective buyer asks the salesperson to write a
$65,000 offer for the property. The salesperson should:

Question19: What MUST a salesperson licensee convicted of a felony do?

Question20: A person who uses a guide dog visits a real estate office in search of an apartment to rent. How should the salesperson proceed when working with this person?

Question21: Can a licensed real estate broker prepare an appraisal for a new loan on property that the broker has listed for sale?

Question22: Interest earned on an escrow account is:

Question23: Which of the following activities performed by the manager of a multifamily dwelling REQUIRES a real estate license?

Question24: What is the MINIMUM number of hours of continuing education which a real estate licensee MUST complete within the license renewal period?

Question25: When a tenant who has a service or support animal applies to lease an apartment in a building that does not allow pets, which of the following rules may the landlord follow?