Difficulty: Medium

Average Score: 50%

A salesperson owns a residence and wishes to sell it without listing it. Under Pennsylvania license law, the salesperson MUST:

Rationale

Disclose in all advertising that the owner of the property is a real estate licensee.

In Pennsylvania, real estate licensees must disclose their status when selling their own property to ensure transparency and protect consumers. This requirement helps potential buyers understand that the seller has professional knowledge of the real estate market and is subject to the regulations governing real estate transactions.

A (list the property with their firm) YOUR ANSWER

While a salesperson may choose to list their property with their firm, it is not a legal requirement under Pennsylvania law when selling their own residence. They can sell the property independently without listing it through their brokerage, as long as they comply with other legal obligations.

C (offer a sales commission or fee to cooperating brokers) YOUR ANSWER

Offering a commission to cooperating brokers is not mandatory for a salesperson selling their own residence. This choice is at the discretion of the seller and is not a requirement imposed by Pennsylvania law. The seller can choose to sell the property without involving other brokers or offering a commission.

D (have an active license) YOUR ANSWER

While it is true that a salesperson must have an active license to conduct real estate transactions, this statement does not specifically apply to the requirements of selling their own property without listing it. The focus of the question is on the necessary disclosures during the advertising process rather than the status of the license itself.

Conclusion

In summary, Pennsylvania law mandates that real estate licensees disclose their professional status when selling their own property to ensure consumer protection and maintain transparency in transactions. While other options may involve different aspects of real estate practice, only the disclosure of the licensee status is a strict requirement in this context.

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