A licensed salesperson from New Jersey moves to Pennsylvania and applies for a PA license through reciprocity. The SREC determines that NJ's pre-license education is substantially equivalent. The applicant has already passed the National portion of the NJ exam. What must they still do?
Correct Answer
C) Pass only the PA state portion of the licensing exam
Since NJ's education is substantially equivalent and the applicant has passed the National exam, they typically need only pass the PA state portion of the exam. This tests PA-specific knowledge including RELA, Consumer Notice, transfer taxes, and other PA laws.
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- → A real estate company in Pennsylvania operates as a corporation. Under RELA, what special licensing requirements apply to a corporate real estate entity?
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