Pennsylvania Real Estate Cover

State:
Pennsylvania
Control #:
PA-SKU-0629
Format:
PDF
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Description

Real Estate Cover

Pennsylvania Real Estate Cover is a type of insurance that protects property owners from losses related to their real estate. This coverage can provide financial protection against damage caused by fire, wind, hail, lightning, falling objects, theft, vandalism, and other perils. Pennsylvania Real Estate Cover can also provide coverage for legal liability due to bodily injury or property damage that happens on the property as well as coverage for the landlord’s loss of rent if the property is rendered uninhabitable. There are two types of Pennsylvania Real Estate Cover: Commercial Real Estate Cover and Residential Real Estate Cover. Commercial Real Estate Cover is designed to protect commercial property owners from losses related to their business property, such as buildings, inventory, and equipment. Residential Real Estate Cover is designed to protect homeowners from losses related to their personal property, such as furniture, appliances, and personal items.

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FAQ

The Pennsylvania Real Estate Commission consists of the Commissioner of Professional and Occupational Affairs; the Director of the Bureau of Consumer Protection, or his designee; three members who shall be persons representing the public at large; five other persons, each of whom shall at the time of his appointment be

States That Accept a Pennsylvania Real Estate License Alabama. Arkansas. Colorado. Louisiana. Maine. Maryland. Mississippi. Nebraska.

The Real Estate Commission grants and renews licenses to persons who bear a good reputation for honesty, trustworthiness, integrity and competence to transact the business of broker, salesperson, cemetery broker, cemetery salesperson, campground membership salesperson, time-share salesperson, builder-owner salesperson

Which statement regarding the Pennsylvania Real Estate Commission is FALSE? Examinations that must be taken by applicants for real estate licensing are administered by an independent testing company rather than by the Commission.

The fee is paid by the seller at the settlement table, where the fee is subtracted from the proceeds of the home sale.

The Pennsylvania Real Estate Commission was put in place to promote honest dealings in the professional real estate business. The commission holds many powers including the ability to issue fines, suspend a license, or revoke a license.

The mission of the California Department of Real Estate is to safeguard and promote the public interests in real estate matters through licensure, regulation, education and enforcement.

?P.A.? is the abbreviation for ?Professional Association?, a business corporation engaged in a primary business that provides a professional service.

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Pennsylvania Real Estate Cover