A PA-licensed broker refers a client to a Florida broker for the purchase of a vacation home. The Florida broker sends the referral fee check directly to the PA salesperson who made the initial contact, not to the PA broker. Under RELA, is this payment proper?
Correct Answer
D) No, referral fees from cooperating brokers must be paid to the PA broker, not directly to the salesperson
Under RELA, all compensation for real estate activities must flow through the salesperson's employing broker. The Florida broker must send the referral fee to the PA broker, who then compensates the salesperson according to their internal agreement.
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More Pa Licensing Requirements Ce Questions
A salesperson in PA completes their CE online but cannot locate the completion certificate when it's time to renew. What should the salesperson do?
A PA licensee discovers that their CE provider falsified attendance records, reporting CE completion for licensees who did not attend the courses. What are the potential consequences for the provider?
A PA-licensed agent assists a client who is selling a PA property and buying a property in another state. For the out-of-state purchase, the PA agent refers the client to a local agent. What is the typical referral fee arrangement?
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How many hours of continuing education (CE) are required for Pennsylvania real estate licensees during each 2-year renewal cycle?
- → 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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