Under RELA, Pennsylvania licensees must display their license at their place of business. When a salesperson transfers to a new broker, what happens to the license display requirement?
Correct Answer
A) The salesperson's license must now be displayed at the new broker's office
Under RELA, a salesperson's license must be displayed at the office of their employing broker. When a salesperson transfers, the license information is updated with the SREC, and the license must be displayed at the new broker's place of business.
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Related Concepts
Florida real estate licenses must be renewed biennially, and sales associates have specific post-license education requirements for their first renewal.
License requirements are the mandatory qualifications—including pre-licensing education, examination, and background checks—that a person must satisfy before legally practicing real estate. These requirements are established and enforced by each state's real estate commission.
Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.
More Pa Rela License Law Questions
Under RELA, Pennsylvania's 14-hour CE requirement includes specific mandatory topics. All of the following may satisfy CE requirements EXCEPT:
Under RELA, where can a Pennsylvania licensee verify whether a CE course is SREC-approved before enrolling?
Patricia, a Pennsylvania salesperson, is asked by her broker to manage a branch office location. Under RELA, which requirement must be met for Patricia to manage a branch office?
Under RELA, a newly licensed Pennsylvania salesperson asks whether the 14-hour CE requirement applies to both salespersons and brokers. Which of the following is correct?
Under RELA, how often must Pennsylvania real estate licensees renew their licenses?
- → Under RELA, a Pennsylvania licensee who held an active license for 25 years is approaching retirement and wonders about the status of their license after retirement. If the licensee stops renewing, what is the ultimate status of the license?
- → Under RELA, the SREC discovers that a CE course provider has been issuing completion certificates to students who did not actually attend or complete the course. What action may the SREC take against the provider?
- → Laura, a Pennsylvania salesperson, completed 10 hours of CE before her renewal deadline but needs 14 hours. She realizes she is 4 hours short on the day before the renewal deadline. Under RELA, what happens if Laura fails to complete the required CE before renewal?
- → Under RELA, a Pennsylvania salesperson, Marcus, learns that the SREC has opened an investigation into his conduct. Marcus wants to know if he can continue working during the investigation. Which statement is correct?
- → Under RELA, a Pennsylvania broker of record, Alan, voluntarily surrenders his license to the SREC while facing disciplinary charges for trust account violations. What effect does the voluntary surrender have?
- → Under RELA, after the SREC issues a final disciplinary order, a Pennsylvania licensee disagrees with the decision. What is the licensee's avenue of appeal?
- → Under RELA, a Pennsylvania broker, Diane, is charged by the SREC with failing to supervise a salesperson who committed fraud. Diane claims she had no knowledge of the salesperson's actions. Which statement is MOST accurate regarding Diane's liability?
- → Under RELA, the Pennsylvania licensing examination for real estate salespersons is administered by which entity?
- → Under RELA, a Pennsylvania real estate salesperson must meet which of the following education prerequisites before applying for a license?
- → Under RELA, a salesperson in Pennsylvania may work for only one broker at a time. If salesperson Alice wants to refer a client to an agent in a different brokerage, what is the proper procedure?
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Under RELA, the SREC may impose disciplinary sanctions for various violations. All of the following are grounds for disciplinary action by the SREC EXCEPT:
Next Question
A Pennsylvania buyer submits a written complaint to the SREC alleging that a broker defrauded them out of $25,000 in a real estate transaction. The buyer obtains a civil court judgment against the broker but cannot collect because the broker is insolvent. Under RELA, what is the maximum amount the buyer may recover from the Real Estate Recovery Fund for this single transaction?