Unit 11 - Questions

Question 1

An agent of a seller is not liable for any violation of the Real Estate Seller Disclosure Act unless the agent had ___________knowledge of a material defect which was not disclosed to the buyers.

Answer 1

Actual

Question 2

What would be the combined transfer tax on a home valued at $150,000 with both a Pennsylvania transfer tax and a 1% county transfer tax?

Answer 2

$150,000 ÷ 1% = $1,500, $1,500 x 2 = $3,000

Question 3

Regarding the Pennsylvania Real Estate Commission and the Pennsylvania Human Relations Commission, which of the following statements is TRUE?
a) the Real Estate Commission investigates potential housing law violations before referring them to Human Relations Commission
b) The Real Estate Commission allows the Human Relations Commission to investigate potential housing law violations before taking action
c) Only the Human Relations Commission can investigate potential housing law violations
d) Only the Real Estate Commission can investigate potential housing law violations

Answer 3

b) The Real Estate Commission allows the Human Relations Commission to investigate potential housing law violations before taking action

Question 4

Knowledge of material facts that a licensee has or should have obtained from personal observation or asking questions is called

Answer 4

Actual Knowledge

Question 5

The_______________________ requires a real estate licensee representing a seller to advise the seller that he or she must provide the buyer with a copy of the seller disclosure.

Answer 5

Real Estate Seller Disclosure Act

Question 6

It is unlawful under the Pennsylvania Human Relations Act to evict an occupant of any housing accommodation before the end of the term of the lease for reasons of
a) drug trafficking
b) failure to pay rent
c) pregnancy or the birth of a child
d) being a threat to other tenants

Answer 6

c) pregnancy or the birth of a child

Question 7

The act of showing purchasers properties only in certain areas on the basis of race, religion, or color rather than economic considerations is called

Answer 7

Steering

Question 8

Barbara has a problem with drugs and alcohol. She does not want to go to a rehabilitation center so she lives in an apartment where she carries on illegal drug activity. The property manager tries to evict Barbara. Does the Pennsylvania Human Relations Act allow him to do this?
a) Yes. The manager has a duty to prohibit illegal activities on the premises and people who are addicted to a controlled substance are not protected under the handicap or disability section of the Act.
b)Yes. Property managers are exempted from the Human Relations Act.
c)No. Barbara is considered as having a drug impairment and as such is protected under the disability section of the Act.
d)No. The Act prohibits eviction for any reason without a court order.

Answer 8

a) Yes. The manager has a duty to prohibit illegal activities on the premises and people who are addicted to a controlled substance are not protected under the handicap or disability section of the Act.

Question 9

All of the following activities entered into by a licensee are illegal under the Pennsylvania Human Relations Act EXCEPT
a) panic peddling
b) steering
c) redlining
d) financial scrutiny

Answer 9

financial scrutiny