Free Pennsylvania Real Estate Practice Exam Practice Question
The provisions of the Real Estate Licensing and Registration Act apply to:
Correct Answer: C
Rationale: The provisions of the Real Estate Licensing and Registration Act specifically apply to individuals engaged in real estate transactions for compensation or in a professional capacity.
Option A is incorrect because trustees acting under court orders are typically exempt from licensing requirements. Option B is wrong as attorneys representing clients in real estate transactions are also exempt, as their legal practice does not require a separate real estate license. Option D is not applicable since licensed auctioneers have their own regulatory framework and are not considered real estate licensees.
In contrast, option C is correct; real estate licensees must adhere to the Act when selling property they own, ensuring compliance with industry standards and consumer protection laws.
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