semplr.

Exams · Certifications · Licensing

Real Estate Salesperson Exam — National Portion

Recovery (PA): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 4 of them with answers; the full mock exam draws from every topic, like the real one.

Start the free mock exam

Question 1 · Pennsylvania

When the Pennsylvania Recovery Fund pays a claim against a licensee, what happens to the license?

  1. Nothing
  2. It is automatically suspended until repaid with interest
  3. It is revoked for life
  4. They get a warning
Show the answer

B. It is automatically suspended until repaid with interest — RELRA section 803(f): repayment includes 10% yearly interest.

Question 2 · Pennsylvania

Who cannot collect from Pennsylvania's Recovery Fund?

  1. A buyer defrauded by an agent
  2. The licensee's spouse
  3. A seller who won a judgment
  4. A tenant cheated by a broker
Show the answer

B. The licensee's spouse — RELRA section 803(b)(1).

Question 3 · Pennsylvania

What is the limit of Pennsylvania's Recovery Fund for all claims against one licensee?

  1. $20,000
  2. $50,000
  3. $100,000
  4. $250,000
Show the answer

C. $100,000 — RELRA section 803(d).

Question 4 · Pennsylvania

What is the most Pennsylvania's Real Estate Recovery Fund pays per claim?

  1. $5,000
  2. $20,000
  3. $50,000
  4. $100,000
Show the answer

B. $20,000 — RELRA section 803(d): $20,000 per claim, $100,000 per licensee.

More Real Estate (National) topics