Free Pennsylvania Real Estate Practice Exam

Q1.Under the Fair Housing Act, which of the following is NOT a protected class?

• A.Race
• B.Religion
• C.Sexual orientation
• D.National origin

Q2.Under Pennsylvania law, how frequently must a real estate salesperson renew their license, and how many hours of continuing education (CE) are required at each renewal?

• A.Every year; 14 hours of CE
• B.Every two years; 14 hours of CE
• C.Every two years; 30 hours of CE
• D.Every three years; 21 hours of CE

Q3.CERCLA (Comprehensive Environmental Response, Compensation, and Liability Act) primarily addresses which environmental concern in real estate?

• A.Noise pollution from airports
• B.Energy efficiency standards
• C.Hazardous waste contamination and cleanup
• D.Water conservation requirements

Q4.Under the Real Estate Licensing and Registration Act (RELRA), which of the following most accurately describes the composition of the Pennsylvania State Real Estate Commission?

• A.The Commission is composed entirely of licensed real estate brokers appointed by the Governor.
• B.The Commission includes both licensed real estate professionals and consumer (public) members appointed by the Governor, subject to Senate confirmation.
• C.The Commission is a division of the Pennsylvania Department of State staffed solely by state employees who need not hold real estate licenses.
• D.The Commission consists of members elected by active Pennsylvania licensees every four years.

Q5.Under the OLDCAR fiduciary duties, which duty requires the agent to place the client's interests above the agent's own financial interests?

• A.Disclosure
• B.Loyalty
• C.Confidentiality
• D.Reasonable care

Q6.A lender denies a loan application from a married couple, citing the wife's income as unreliable because she recently returned from maternity leave. The lender does not provide an adverse action notice. Which federal laws has the lender most likely violated, and what is the minimum timeframe within which the adverse action notice must be delivered?

• A.The lender violated the Equal Credit Opportunity Act (ECOA) by discounting income related to childbearing, and violated ECOA's adverse action notice requirement; notice must be provided within 30 days of the completed application.
• B.The lender violated the Fair Housing Act by discriminating based on familial status, and must provide an adverse action notice within 60 days of the credit decision.
• C.The lender violated the Truth-in-Lending Act (TILA) by failing to issue a Loan Estimate within three business days of application, and must cure the violation by issuing the notice within 7 days.
• D.The lender violated RESPA by failing to provide a HUD-1 Settlement Statement, and must deliver the adverse action notice within 30 days of the loan closing date.

Q7.Which of the following activities would require a Pennsylvania real estate license under RELRA?

• A.A person selling their own primary residence without representation
• B.A bank employee conducting a foreclosure sale on behalf of the lending institution as part of their regular employment duties
• C.An unlicensed individual who, for a fee, regularly assists owners in locating tenants for their residential rental properties
• D.A court-appointed receiver managing and selling property under order of a Pennsylvania court

Q8.Under Pennsylvania's Seller Disclosure Law (68 Pa. C.S. §§ 7301–7315), which of the following transfers of residential real property is EXEMPT from the seller's obligation to provide a Property Disclosure Statement?

• A.A sale of a single-family home by a licensed real estate broker who is selling his own personal residence
• B.A transfer of residential property pursuant to a court order in a divorce proceeding
• C.A sale of a condominium unit that is more than ten years old
• D.A sale of a newly constructed home that has never been occupied

Q9.Under Pennsylvania law, is a seller required to disclose that a previous occupant of the home died on the property or that the property was the site of a crime?

• A.Yes, all deaths and crimes on a property must always be disclosed on the Property Disclosure Statement
• B.No, Pennsylvania law specifically states that the psychological impact of such events is not a material defect requiring disclosure
• C.Only deaths within the past two years must be disclosed
• D.Only violent crimes must be disclosed, while natural deaths are exempt

Q10.According to EPA guidelines, which action regarding underground storage tanks (USTs) is required for real estate professionals when representing clients in commercial property transactions?

• A.Advising clients to investigate potential environmental liabilities associated with USTs
• B.Conducting soil contamination testing on all properties with current or former USTs
• C.Obtaining EPA permits for any existing USTs on the property
• D.Removing all USTs before completing the transaction

Q11.Under the Pennsylvania Real Estate Licensing and Registration Act (RELRA), which of the following individuals is EXEMPT from obtaining a real estate license when performing real estate activities?

• A.A property manager who collects rent and negotiates leases on behalf of multiple property owners for compensation
• B.An attorney-at-law who performs real estate services as an incident to the practice of law and does not hold themselves out as a broker
• C.A referral agent who refers buyers to licensees and receives a portion of the commission
• D.A salaried employee of a real estate company who hosts open houses and discusses listing prices with prospective buyers

Q12.Under the Fair Housing Act, which of the following lease provisions would be considered discriminatory and therefore illegal?

• A.A clause requiring all tenants to maintain renter's insurance
• B.A clause requiring a security deposit equal to one month's rent
• C.A provision requiring 30 days written notice before lease termination
• D.A provision stating 'no children under 12 allowed in this adult community'

Q13.A broker represents a seller of a 1978 single-family home. The broker knows the seller has a disclosure obligation under the EPA/HUD Lead-Based Paint Disclosure Rule but fails to ensure the buyer received the required EPA pamphlet or a completed lead-based paint disclosure form before the buyer became obligated under the contract. What is the most accurate statement regarding the broker's legal exposure?

• A.The broker faces no direct penalty because the lead-based paint disclosure obligation rests solely with the seller, and the broker's role is limited to transmitting documents the seller chooses to provide.
• B.The broker may be held jointly and severally liable with the seller for civil penalties of up to $21,663 per violation under the Toxic Substances Control Act and the Real Estate Notification and Disclosure Rule, because agents are independently obligated to ensure compliance with pre-contract disclosure requirements.
• C.The broker's liability is limited to license discipline by the state real estate commission because the EPA's enforcement authority does not extend to real estate licensees.
• D.The broker faces criminal prosecution under CERCLA because lead-based paint is a hazardous substance triggering mandatory remediation disclosure under Superfund law.

Q14.Under the Pennsylvania Seller Disclosure Law, which of the following properties is generally EXEMPT from the requirement that a seller complete and deliver a written property disclosure statement to a prospective buyer?

• A.A single-family home being sold by an owner who has never occupied the property
• B.A residential property with four units where the seller lives in one unit
• C.A transfer of title between co-owners where no money changes hands
• D.A property listed for sale by a licensed real estate broker on behalf of an estate

Q15.A property being sold was built in 1968 and is located near a former gas station. Under federal environmental disclosure requirements, which of the following must be addressed?

• A.Lead-based paint disclosure and potential environmental contamination investigation
• B.Only lead-based paint disclosure requirements
• C.Only environmental site assessment requirements under CERCLA
• D.No federal environmental disclosures are required for residential properties