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Ch. 9 - Agency Law in Pennsylvania Exam – Actual Exam Questions with Correct Answers 2026/, Exercises of Law

Rasmussen College - FloridaLaw

Ch. 9 - Agency Law in Pennsylvania Exam – Actual Exam Questions with Correct Answers 2026/2027

Typology: Exercises

2025/2026

Available from 02/12/2026

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Ch. 9 - Agency Law in Pennsylvania Exam –
Actual Exam Questions with Correct Answers
2026/2027
State Statute - correct answer--formal written enactment of a legislative authority
that governs an individual state.
-command or prohibit something, or declare policy.
-rules made by legislative bodies
-Statutes are distinguished from case law, legal precedent, administrative rules,
and codes which are decided by courts and regulations issued by government
agencies.
Standard license. - correct answer-A license, other than a reciprocal license,
issued to an individual or entity who has fulfilled the education/experience and
examination requirements of the act.
Manager of record. - correct answer-The individual rental listing referral agent
responsible for the rental listing transactions of a partnership, association or
corporation that holds a rental listing referral agent's license.
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Download Ch. 9 - Agency Law in Pennsylvania Exam – Actual Exam Questions with Correct Answers 2026/ and more Exercises Law in PDF only on Docsity!

Ch. 9 - Agency Law in Pennsylvania Exam –

Actual Exam Questions with Correct Answers

State Statute - correct answer- - formal written enactment of a legislative authority that governs an individual state.

  • command or prohibit something, or declare policy.
  • rules made by legislative bodies
  • Statutes are distinguished from case law, legal precedent, administrative rules, and codes which are decided by courts and regulations issued by government agencies. Standard license. - correct answer- A license, other than a reciprocal license, issued to an individual or entity who has fulfilled the education/experience and examination requirements of the act. Manager of record. - correct answer- The individual rental listing referral agent responsible for the rental listing transactions of a partnership, association or corporation that holds a rental listing referral agent's license.

Nonexclusive buyer agency agreement - correct answer- A nonexclusive agreement governed by a memorandum or contract wherein the buyer retains the right to employ multiple brokers to purchase or lease a property. Identify at least two contractual terms that are negotiable between a licensee and a consumer. - correct answer- The duration of the licensee's employment, listing agreement or contract. The licensee's fees or commission. The scope of the licensee's activities or practices. The broker's cooperation with and sharing of fees with other brokers. An open listing agreement for a licensee to act as a buyer's agent may be oral if a seller is provided with what type of document? - correct answer- A written memorandum stating the terms of the agreement. What are the ramifications if a seller's agent of one buyer shows alternative properties to another prospective buyer? - correct answer- A licensee does not breach a duty to a seller by showing alternative properties to a prospective buyer. How does the RELRA Section 608 define an initial interview? - correct answer- An initial interview is the first contact between a licensee and a consumer of real estate-related services where a substantive discussion about real estate needs occurs. What must a licensee do, if a prospective tenant refuses to sign a disclosure statement? - correct answer- The licensee must note the refusal on the form and retain it for six months.

A designated agent A seller's agent A buyer's agent A dual agent - correct answer- A seller's agent Who has the responsibility to supervise the business activities of designated agents? The broker NAR The title company The Commission - correct answer- The broker Why should a consumer not provide a transaction licensee confidential information? The transaction licensee is not acting as an agent. It will become public record. The transaction licensee does not prepare paper work. The transaction licensee is a subagent. - correct answer- The transaction licensee is not acting as an agent. How long should a licensee retain a copy of the signed acknowledgement for the Consumer Notice? 6 months 9 months 1 year 3 years - correct answer- 6 months

Failure to comply with the requirements of a mandatory provision of a sales contract will render it: irrevocable. voidable. indefeasible. valid. - correct answer- voidable. No agency relationship is needed for an attorney who receives a fee from his client for attorney-client services if the attorney is not: licensed. a landlord. a real estate broker. a lender. - correct answer- a real estate broker. If an initial interview with a consumer does not occur in person, what should the licensee do regarding the Consumer Notice? The licensee must orally advise the consumer of various business relationships. The licensee must fax it to them. The licensee must email it to them. The licensee must mail it to them. - correct answer- The licensee must orally advise the consumer of various business relationships. When should a licensee present all offers? At a showing When the appraisal is being performed

An amortization schedule A stake survey An appraisal - correct answer- An appraisal When agents own or manage a business that refers tenants to rental units or locations of rental units, they are known as: managers of record. rental listing referral agents. sales people. subagents. - correct answer- rental listing referral agents. Where can information about the Real Estate Recovery Fund be found? HUD A local real estate office The Commission NAR - correct answer- The Commission According to RELRA Section 455.608b, one mandatory provision of a sales contract is a statement that access to a public road may require issuance of: a county permit. a highway occupancy permit. a property use permit. a sign permit. - correct answer- a highway occupancy permit.

What type of real estate agent works exclusively for the buyer/tenant, even if paid by the seller/landlord? A transaction agent A buyer's agent A disclosed dual agent A seller's agent - correct answer- A buyer's agent How should a seller's agent be loyal to the seller? By taking actions consistent with the seller's interest. By making a good effort By showing properties to buyers By listing the property - correct answer- By taking actions consistent with the seller's interest. What does a licensee need to act as a dual agent? Written consent of the broker Written consent of the buyer Written consent of the Commission Written consent of both parties - correct answer- Written consent of both parties An auctioneer does not require an agency relationship when licensed under the: Auctioneers' Agreement Statute. Agency Act. Auctioneers' License Act. Licensing Act of PA. - correct answer- Auctioneers' License Act.

An express agent - correct answer- A transaction licensee How long does a licensee have to report to the commission when forming or joining a qualified association? 7 days 14 days 30 days 60 days - correct answer- 30 days