Agency
A Pennsylvania licensee who advertises on behalf of their brokerage using their personal name (without the brokerage name) is:
APermitted since personal name advertising is a common industry practice
BViolating RELRA's advertising disclosure requirements✓ Correct
COnly permitted for team advertising
DPermitted if the licensee has been with the brokerage over 5 years
Explanation
RELRA requires all advertising to identify the licensed brokerage. Advertising solely under a personal name without identifying the employing brokerage violates disclosure requirements.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
State-Specific Concepts
Disclosure Requirements
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