A PA broker wants to establish a cooperative relationship with a broker in Germany who sends international buyers looking for investment properties in Pennsylvania. Under RELA, are there restrictions on cooperating with international brokerages?
Correct Answer
A) No, PA brokers can cooperate with international brokerages and pay referral fees for client referrals
RELA does not prohibit cooperation with international brokerages. PA brokers can establish referral relationships with international real estate professionals and pay referral fees for client referrals, as long as the international broker is not performing licensed activities in PA.
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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?
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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?
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