A PA broker receives a subpoena from the SREC requesting escrow account records during an investigation. Under RELA, what must the broker do?
Correct Answer
B) Comply with the subpoena and provide the requested records to the SREC
Under RELA, the SREC has the authority to issue subpoenas for records during investigations. The broker must comply and provide the requested escrow account records. Failure to comply can result in additional disciplinary action.
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Under RELA, which of the following actions would NOT be considered a violation warranting SREC disciplinary action?
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A salesperson in PA earns their license on January 1, 2025. Their license will first expire at the end of the current biennial renewal cycle. If the current cycle ends on May 31, 2026, how many months does the salesperson have their initial license active before the first renewal?