Under what circumstances may listing real estate broker in Pennsylvania split a Commission or pay a referral fee to a person who does not have a Pennsylvania real estate license?

1. when the referral fees paid to an unlicensed employee relocation service of a Corporation
2. when payment is in the form of entertainment goods services and not cash
3. when the recipient of the payment is licensed broker in another state
4. there are no circumstances under which this is allowed

 

A valid exclusive listing contract in Pennsylvania must contain all of the following EXCEPT?

A. the duration of the listing

B. the commission expected

C. the listing price of the property

D. the automatic renewal clause

Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?

1. yes, if the appraisal is identified as a comparative market analysis
2. yes, if the appraisal is done before an offer to purchase is accepted by the seller
3. yes, with proper disclosure to the lender about the broker's qualifications

D.no, real property appraisals are not within the scope of practice for a real estate broker

What is the MINIMUM number of hours continuing education which a real estate licensee MUST complete within the license renewal period?