PA Real Estate study guide
PA Real Estate · Work through your exam, one topic at a time.
The Pennsylvania Real Estate Salesperson licensing exam is the qualifying knowledge test a candidate must pass on the path to a Pennsylvania real estate salesperson license. It is aimed at pre-licensing students who have finished the required coursework and are ready to prove competence before applying for licensure, and at candidates re-entering the licensing process. Scheduling and delivery run through the state's professional testing vendor, Pearson - now branded Pearson Professional Assessments - which delivers exams at secure test centers and, where a program allows it, through online proctoring. Content falls into three broad areas: real estate principles and practices; Pennsylvania real estate law, rules, and regulations; and real estate mathematics and valuation. Topics on this exam: Real Estate Principles and Practices, Pennsylvania Real Estate Law, Rules, and Regulations, and Real Estate Mathematics and Valuation. The PA Real Estate study guide has 3 sections and about 848 words.
01Real Estate Principles and Practices
Real estate practice rests on connected ideas: rights in land (surface, air, subsurface), estates (fee simple absolute, life estate, leasehold), and how title is held (severalty, tenancy in common, joint tenancy, tenancy by the entirety). Title passes by deed, but a deed is valid only when delivered and accepted; recording protects priority, not validity.
294 words, about 1 min02Pennsylvania Real Estate Law, Rules, and Regulations
Pennsylvania licensees operate under the Real Estate Licensing and Registration Act (RELRA) and the State Real Estate Commission. A salesperson must be affiliated with a licensed broker and may be paid only through that broker.
283 words, about 1 min03Real Estate Mathematics and Valuation
Real estate math rewards unit analysis. Know area (length × width), front-foot and square-foot value, commission (gross price × rate), loan-to-value (loan ÷ price or value), points (loan amount × point rate), and proration (annual amount ÷ 365 × days).
271 words, about 1 min