Real Estate Licensing RePA_Sales_S Exam Dumps

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

According to 49 Pa. Code 35.305 (Business Name on Advertisements), all advertisements placed by a salesperson must include the broker's name.

The broker's name is missing, which violates Pennsylvania advertising requirements (Option C - Correct).

The property address does not need to be in the ad (Option A - Incorrect).

Salesperson names are allowed but must be accompanied by the broker's name (Option B - Incorrect).

MLS numbers are not a requirement in all advertisements (Option D - Incorrect).

49 Pa. Code 35.305 -- Business Name on Advertisements

According to 49 Pa. Code 35.283 (Compensation and Commission), a salesperson may not accept compensation from anyone other than their employing broker.

A salesperson cannot accept direct payments from an owner or buyer (Option A - Correct).

The owner cannot cancel the sales contract unilaterally (Option B - Incorrect).

The salesperson may only be compensated through the broker, even if the owner agrees to direct payment (Option C & D - Incorrect).

49 Pa. Code 35.283 -- Compensation and Commission

Under 68 Pa. C.S. 7301-7314 (Real Estate Seller Disclosure Law), a licensee has a duty to ensure that the property condition disclosure statement is complete and accurate as provided by the seller.

While the licensee does not conduct a formal property inspection, they must not ignore material defects that are apparent or known to them.

If a licensee knows of an issue that contradicts the seller's disclosure, they must disclose this to the buyer to prevent misrepresentation.

This protects consumers from fraudulent or misleading property conditions.

Why the other answers are incorrect:

Option A (Independent Inspection): A licensee is not a home inspector and is not required to perform a physical inspection.

Option C (Accept Consumer Liability): A licensee is not responsible for actions taken by a buyer or seller.

Option D (Document Preparation Assistance): A licensee can help explain documents but cannot prepare legal contracts without an attorney.

68 Pa. C.S. 7301-7314 -- Real Estate Seller Disclosure Law

Under 49 Pa. Code 35.305 (Business Name on Advertisements), advertisements must include the broker's name but are not required to include the salesperson's name.

While a salesperson's name may appear in an ad, it is not a required element under Pennsylvania law.

However, failing to disclose key information in an ad, such as the broker's name, could result in disciplinary action.

Why the other answers are incorrect:

Option A (Misrepresentation): Misrepresentation is a serious offense and can lead to suspension or revocation.

Option B (Failing to Provide Listing Contract): A copy of the listing contract must be furnished to the seller at the time of signing.

Option D (Failing to Provide Information to the Commission): Failure to respond to an investigation can result in fines, suspension, or revocation.

49 Pa. Code 35.305 -- Business Name on Advertisements

63 P.S. 455.303 -- Prohibited Acts by Licensees