Tom is a licensed broker in Pennsylvania. He wants to open a real estate brokerage. Under RELA, what must Tom do to operate a brokerage?
Correct Answer
C) Register the brokerage with the SREC, designate himself as broker of record, and obtain a brokerage license
Under RELA, to operate a real estate brokerage in Pennsylvania, Tom must register the brokerage with the SREC, designate himself as broker of record, and obtain a brokerage license. This includes meeting all SREC requirements for office operations.
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- → The SREC publishes a consent agreement with a licensee who committed RELA violations. What is a consent agreement?
- → In Pennsylvania, what is the National portion of the real estate salesperson exam?
- → How many hours of pre-license education must a candidate complete to qualify for a Pennsylvania real estate salesperson license?
- → Karen is a PA-licensed salesperson who has been inactive for several years. She wants to reactivate her license. Under SREC rules, what must Karen do?
- → A real estate company in Pennsylvania operates as a corporation. Under RELA, what special licensing requirements apply to a corporate real estate entity?
- → A Pennsylvania salesperson was issued an initial license fewer than six months before the end of the current biennial renewal cycle. Under Pennsylvania State Real Estate Commission rules, what continuing education is required for that first renewal?
- → A salesperson in Pennsylvania changes their home address and phone number. Under SREC rules, what is their obligation regarding this change?
- → A PA licensee wants to voluntarily surrender their license. Under SREC rules, what happens when a license is voluntarily surrendered?
- → A PA licensee receives notification from the SREC that they did not complete sufficient CE for their last renewal. What is the typical consequence?
- → Under RELA, what is the SREC's authority regarding the approval of real estate education providers in Pennsylvania?
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Rachel is studying for her PA salesperson exam. She learns that the exam has both a National portion and a State portion, scored separately. If Rachel passes the National portion but fails the State portion, what happens?
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Karen is a PA-licensed salesperson who has been inactive for several years. She wants to reactivate her license. Under SREC rules, what must Karen do?