Designate a managing broker as the designated broker #1. 137. 2. 178. The Statute of Frauds in Pennsylvania applies to leases for more than three years' duration. 57. When is the Pennsylvania Real Estate Commission required to suspend a licensee's license? Which of the following statements is true regarding the broker's escrow account? Which of the following applicants for licensure is not required to pass a written exam for licensure? A broker is responsible for depositing money into the escrow account by the end of the next business day following its receipt unless both the buyer and the seller have given written permission for the broker to refrain from depositing the money pending the seller's acceptance of the offer (35.324 (a) and (b)). Pennsylvania law requires landlords to hold security deposits in an escrow account which must be in a federally or state regulated banking or savings institution. Are both projects equal in desirability? A personal assistant working under the direct instructions and supervision of a licensee must be licensed if he or she performs which of the following tasks and duties? Each member of the Pennsylvania Real Estate Commission is appointed by the governor (202 (a)). 2. A listing broker procures a ready, willing, and able buyer for his or her seller-principal. 113. A broker received an earnest money deposit from a buyer. 121. Advertisements by a broker about production or position in the market must identify the municipality that the market comprises (35.307 (b)). 4. A) the nucleus and valence electrons d. Where To Download Chapter 6 Physical Science Test simple chemical reactions, solar system, solutions, sound waves, transportation in plants workbook for middle school exam . 84. 12. with no real estate experience. A licensee is required to notify the commission of being convicted, pleading guilty, or nolo contendere to a felony or misdemeanor within 30 days of the verdict or fee (35.290 (a)). All of the following are mandatory provisions of a sales contract EXCEPT. Under these circumstances, the salesperson has. two years. 128. The original listing agent. A broker may not incorporate an option to purchase property in a listing agreement for the property, and the broker may not conduct business through a straw party. 69. 187. In response to this inquiry, which of the following actions by the broker are legal? C) Study with Quizlet and memorize flashcards containing terms like The Real Estate Commission can seize a brokerage firms's or broker's records prior to receiving a response from a complaint., Brokers must respond to the Real Estate Commissions's request for a response or the broker's license may be revoked., Which duty would be appropriate for an agent and NOT for a transaction-broker?

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