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Pa Licensing Requirements CeReciprocity_paHARD

A commercial real estate broker from Connecticut wants to handle a single large commercial transaction in Pennsylvania. The broker does not want to obtain a full PA license. Under RELA, are there any provisions for temporary or limited practice?

Correct Answer

B) No, RELA does not provide for temporary or limited practice permits. The broker must obtain a full PA license

RELA does not provide for temporary licenses or limited practice permits. Any person conducting licensed real estate activities in Pennsylvania must hold a full PA license, regardless of the number of transactions or the broker's home state licensing.

Answer Options
A
Yes, RELA provides a temporary license for single transactions
B
No, RELA does not provide for temporary or limited practice permits. The broker must obtain a full PA license
C
Yes, if the transaction exceeds $1 million, no license is required
D
Yes, the broker can practice for up to 60 days without a PA license

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Related Topics & Key Terms

Key Terms:

no_temporary_licensefull_license_requiredcommercialConnecticut
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