Pennsylvania License Law
A Pennsylvania broker's license allows the holder to:
AOnly manage the broker's own real estate portfolio
BIndependently operate a real estate brokerage and supervise affiliated licensees✓ Correct
CPractice as a licensed salesperson without any supervision
DAppraise real property for compensation
Explanation
A Pennsylvania broker's license allows the holder to independently operate a real estate brokerage, enter into listing agreements, and supervise affiliated salespersons and associate brokers. Brokers are responsible for all transactions conducted by their licensed associates.
Related Pennsylvania Pennsylvania License Law Questions
- What is the maximum fine PREC may impose per violation for a Pennsylvania real estate licensee?
- Which of the following best describes 'commingling' of funds as prohibited by RELRA?
- The 'inactive' license status in Pennsylvania means the licensee:
- The Pennsylvania Real Estate Commission conducts license examinations through:
- How often must Pennsylvania real estate licensees complete continuing education requirements to renew?
- Under RELRA, who is responsible for supervising salespersons and associate brokers working in a Pennsylvania real estate brokerage?
- Which of the following is NOT a requirement for obtaining a Pennsylvania real estate broker's license?
- Under RELRA, what happens if a Pennsylvania salesperson changes employing brokers?
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →