Pennsylvania state portion · RELRA, the Consumer Notice and the Real Estate Recovery Fund · 20 questions · Answer key on the last page · agentexamcoach.com
1.A Pennsylvania real estate salesperson is working with a buyer who is interested in purchasing a time-share. What should the salesperson disclose to the buyer?
(A)The salesperson's commission
(B)The buyer's financing options
(C)The salesperson's relationship with the time-share developer
(D)The time-share contract terms and fees
2.A landlord is refusing to rent an apartment to a prospective tenant because of their age. What law has the landlord likely violated?
(A)The Pennsylvania Human Relations Act
(B)The Federal Fair Housing Act
(C)The Uniform Residential Landlord and Tenant Act
(D)The Pennsylvania Landlord and Tenant Act
3.A seller of residential property in Pennsylvania must provide a written disclosure of known material defects to the buyer
(A)before the buyer signs the agreement of sale
(B)after the buyer signs the agreement of sale
(C)at the time of closing
(D)only if the buyer requests it
4.A condominium association in Pennsylvania is governed by which act?
(A)Uniform Condominium Act
(B)Planned Community Act
(C)Real Estate Licensing and Registration Act
(D)Landlord and Tenant Act
5.A rental property manager is required to provide which of the following to tenants?
(A)A written lease agreement
(B)A copy of the property's title insurance policy
(C)A list of nearby amenities
(D)A disclosure of the property's known material defects
6.A real estate salesperson is working with a buyer who is interested in purchasing a condominium. What law governs the creation and operation of condominiums in Pennsylvania?
(A)Uniform Commercial Code
(B)Pennsylvania Human Relations Act
(C)Real Estate Licensing and Registration Act
(D)Uniform Condominium Act
7.What type of property is characterized by shared ownership and a governing board that makes decisions on behalf of the owners?
(A)Planned community
(B)Cooperative
(C)Time-share
(D)Condominium
8.Under the Pennsylvania Seller's Property Disclosure Law, what is the seller required to provide to the buyer?
(A)A written disclosure of all defects, whether known or unknown
(B)A written disclosure of the property's value and market trends
(C)A written disclosure of all inspections and tests conducted on the property
(D)A written disclosure of known material defects before the buyer signs the agreement of sale
9.A salesperson is preparing a contract for a buyer. What is the salesperson's responsibility regarding the contract?
(A)To draft the contract from scratch
(B)To negotiate the contract on behalf of the seller
(C)To provide legal advice to the buyer
(D)To fill in blanks on a standard association form
10.A salesperson is working with a buyer who is interested in purchasing a time-share property. What should the salesperson ensure the buyer receives?
(A)A public offering statement
(B)A written disclosure of the time-share contract terms
(C)A copy of the property's title insurance policy
(D)A copy of the seller's property tax bill
11.Which of the following is a requirement for a document to be considered a valid contract in Pennsylvania?
(A)It must be signed by the parties and include an offer, acceptance, and consideration
(B)It must be written on a promulgated form
(C)It must be signed by the parties in the presence of a notary public
(D)It must be recorded in the county records
12.A salesperson is working with a buyer who wants to purchase a property in a planned community. What should the salesperson provide to the buyer?
(A)A copy of the community's bylaws
(B)A copy of the community's budget
(C)A disclosure of the community's amenities
(D)All of the above
13.What type of property is governed by the Uniform Condominium Act in Pennsylvania?
(A)Planned community
(B)Condominium
(C)Time-share
(D)All of the above
14.A real estate broker in Pennsylvania is creating a contract for a client. What is the broker allowed to do?
(A)draft the entire contract from scratch
(B)negotiate the price on behalf of the client
(C)provide legal advice to the client
(D)fill in the blanks on a standard association form
15.A property manager in Pennsylvania is responsible for collecting rent from tenants in a planned community. What should the property manager do with the rent money?
(A)Put it into a trust account
(B)Give it to the owner of the property
(C)Deposit it into the property manager's personal account
(D)Use it to pay expenses for the property
16.What is the primary difference between a condominium and a planned community in Pennsylvania?
(A)Condominiums are governed by the Uniform Condominium Act, while planned communities are not
(B)Condominiums are a type of common interest community, while planned communities are not
(C)Condominiums are owned by a homeowners association, while planned communities are owned by individual owners
(D)Condominiums are typically urban, while planned communities are typically suburban
17.A salesperson is working with a buyer who wants to purchase a condominium. What document should the salesperson ensure the buyer receives?
(A)Public offering statement
(B)Seller's property disclosure statement
(C)Title report
(D)Home inspection report
18.A Pennsylvania real estate salesperson is working with a seller who wants to draft a custom sales contract. What should the salesperson advise the seller?
(A)To draft the contract themselves
(B)To hire an attorney to draft the contract
(C)To use a standard association form and fill in the blanks
(D)To use a promulgated form from the state
19.What is the primary purpose of the Consumer Notice in Pennsylvania?
(A)To disclose the seller's intent to sell the property
(B)To provide a written disclosure of known material defects
(C)To disclose available business relationships at the initial interview
(D)To establish an agency relationship
20.What type of property is characterized by shared ownership and common areas, such as a pool or gym?
(A)Planned community
(B)Cooperative
(C)Time-share
(D)Condominium
Answer key & explanations
1. D — The salesperson should disclose the time-share contract terms and fees to the buyer.
2. A — The Pennsylvania Human Relations Act prohibits discrimination in housing based on age, among other protected classes.
3. A — The PA Seller's Property Disclosure Law requires the seller to deliver a written disclosure of known material defects to the buyer before the buyer signs the agreement of sale.
4. A — The Uniform Condominium Act governs condominiums in Pennsylvania.
5. A — A written lease agreement is typically required for rental properties, outlining the terms and conditions of the tenancy.
6. D — The Uniform Condominium Act governs the creation and operation of condominiums in Pennsylvania.
7. D — A condominium is characterized by shared ownership and a governing board that makes decisions on behalf of the owners.
8. D — The seller must deliver a written disclosure of known material defects to the buyer before the buyer signs the agreement of sale.
9. D — In Pennsylvania, salespeople may fill in blanks on standard association forms but may not draft contract language or practice law.
10. A — The salesperson should ensure the buyer receives a public offering statement, which discloses the terms of the time-share contract.
11. A — A valid contract in Pennsylvania must include an offer, acceptance, and consideration, and be signed by the parties.
12. A — The salesperson should provide a copy of the community's bylaws to the buyer, as it outlines the community's rules and regulations.
13. B — The Uniform Condominium Act governs condominiums in Pennsylvania.
14. D — In Pennsylvania, brokers are allowed to fill in the blanks on standard association forms, but they are not allowed to draft contract language or practice law.
15. A — The property manager should put the rent money into a trust account, as required by Pennsylvania law.
16. A — Condominiums are governed by the Uniform Condominium Act, which provides a framework for their creation and operation.
17. A — The public offering statement is a document that provides detailed information about the condominium, including its finances, governing documents, and amenities.
18. C — In Pennsylvania, licensees may use standard association forms and fill in the blanks but should not draft contract language or practice law.
19. C — The Consumer Notice is provided at the initial interview to disclose available business relationships.
20. D — A condominium is characterized by shared ownership and common areas.
Want unlimited adaptive practice?
Take the free diagnostic to see which areas are costing you the most points — then drill exactly those.
