Pennsylvania License Law
A foreign licensed real estate broker (licensed in another state) wants to assist with a Pennsylvania property transaction. They must:
AOperate freely since they hold a valid real estate license
BObtain a Pennsylvania license or enter into a cooperative arrangement with a licensed Pennsylvania broker✓ Correct
CFile a notice with PREC at least 30 days in advance
DOnly assist with commercial transactions over $1,000,000
Explanation
Out-of-state licensees cannot practice real estate in Pennsylvania without a Pennsylvania license. Some states have reciprocity agreements, allowing licensees to obtain a Pennsylvania license more easily.
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State-Specific Concepts
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