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Pa Rela Brokerage RulesBrokerage_operationsHARD

Under RELA, a Pennsylvania broker of record has various responsibilities for maintaining proper brokerage operations. All of the following are proper brokerage practices EXCEPT:

Correct Answer

B) Allowing a salesperson whose license has expired to continue showing properties while the renewal is pending

Allowing a salesperson with an expired license to continue performing licensed activities is a serious RELA violation. The broker must ensure that all licensees maintain active licenses before permitting them to engage in real estate activities.

Answer Options
A
Keeping individual transaction files organized with all relevant documents
B
Allowing a salesperson whose license has expired to continue showing properties while the renewal is pending
C
Conducting regular audits of the escrow account to ensure proper fund management
D
Maintaining written records of all compensation agreements with affiliated licensees

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Related Topics & Key Terms

Key Terms:

expired_licenseproper_practicesbrokerage_compliancebrokerage_operationsRELAreverse_question
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