When MUST Pennsylvania's oral disclosure explaining business relationships be provided?
Your Answer: Option(s)
Correct Answer: Option(s) B
Rationale
Section 606.1 of RELRA requires oral disclosure of business relationships at the first substantive real estate discussion to clarify the licensee's role.
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Question 2
A newspaper ad for real estate placed by a salesperson MUST include the:
Your Answer: Option(s)
Correct Answer: Option(s) A
Rationale
Section 604(a)(9) of RELRA requires advertisements to include the employing broker's name.
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Question 3
Dual agency is:
Your Answer: Option(s)
Correct Answer: Option(s) D
Rationale
Section 606.4 of RELRA permits dual agency with written consent from both parties.
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Question 4
An advertisement promoting time-shares includes an offer for prizes. The advertisement MUST include:
Your Answer: Option(s)
Correct Answer: Option(s) B
Rationale
Pennsylvania time-share regulations (68 Pa.C.S. § 3407) require a description of prizes in advertisements to avoid misleading consumers.
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Question 5
A broker advertises that the sales volume for the last calendar year was $40,000,000. The language in this advertisement would be legal only if the:
Your Answer: Option(s)
Correct Answer: Option(s) A
Rationale
Section 604(a)(9) of RELRA requires advertising claims, like sales volume, to reflect closed transactions for accuracy.
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