Pennsylvania Real Estate Commission 1. Which of the following agencies is given authority to issue and administer regulations under the Real Estate Licensing and Registration Act in Pennsylvania? a. Bureau of Professional Affairs b. Governor's Office c. Real Estate Commission d. Department of State The Real Estate Commission is given the authority to issue regulations that govern the practice of real estate sales in Pennsylvania and to administer the law under the Real Estate Licensing and Registration Act. 63 Pa.Stat. 404. 2. The Pennsylvania Real Estate Commission may only suspend or revoke a broker or salesperson's license after a complaint is filed with the commission and after the commission: a. Levies fines on the licensee. b. Holds a hearing on the matter. c. Gives the licensee a warning. d. Charges the licensee in a competent jurisdiction. The Pennsylvania Real Estate Licensing and Registration Act (RELRA) gives the Real Estate Commission the authority to suspend and revoke real estate licenses. After getting a complaint, the Commission will ascertain the facts of the matter, and, if warranted, hold a hearing to suspend or revoke a license. The Commission may suspend or revoke a license if the licensee if found guilty by the Commission at the hearing. RELRA, Chapter 6, 604(a). 3. When an aggrieved person obtains a final judgment in a court of competent jurisdiction against a licensee for an order of payment out of the Pennsylvania Real Estate Recovery Fund, the aggrieved person shall be required to show___________. a. That he or she is not a spouse of the debtor. b. That a final judgement has been obtained upon grounds of fraud, misrepresentation or deceit. c. That the application for payment is made within one year from the exhaustion of appeals. d. All the above When a claimant can establish the above listed items, an application may be made for payment from the Pennsylvania Real Estate Recovery Fund. The commission can pay the application, with court approval. It is important to note that the grounds for payment from the Recovery Fund must be the fraud, misrepresentation or deceit of the licensee, which caused the