A person in Pennsylvania conducts real estate transactions for compensation without a license. Under RELA, what are the potential consequences?
Correct Answer
C) Criminal penalties including fines and potential imprisonment
Under RELA, practicing real estate without a license is a criminal offense in Pennsylvania. Violators may face fines, imprisonment, or both. The SREC and law enforcement can pursue action against unlicensed practitioners.
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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?
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- → 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?
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