Pennsylvania Real Estate Salesperson Exam — All Questions

Pennsylvania imposes a realty transfer tax on most conveyances. The state-level rate is:

• a.2% of the sale price
• b.1% of the value of the property transferred✓
• c.0.5% of the sale price
• d.A flat $500 per transfer

Pennsylvania levies a state realty transfer tax of 1% on the value of real estate transferred. Local municipalities and school districts typically add their own transfer tax, commonly another 1%, for a combined rate that varies by location. The tax is usually split between buyer and seller by custom or agreement.