A PA salesperson refers a friend in Ohio to an Ohio real estate agent for a home purchase. The Ohio agent's broker sends a $1,500 referral fee. Who should receive this payment?
Correct Answer
B) The PA salesperson's broker, who then compensates the salesperson
Under RELA, all compensation (including referral fees) must be paid to the salesperson's broker. The broker then compensates the salesperson according to their internal agreement. Salespersons cannot receive compensation directly from other brokers.
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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?
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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?
- → 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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