Agency
A Pennsylvania real estate broker representing a seller discovers the buyer is being represented by a licensee from another brokerage. What agency relationship exists?
ADual agency requiring written consent from both parties
BDesignated agency where each party has their own representative
CA cooperative transaction where each licensee represents their own client✓ Correct
DSubagency where the buyer's agent works for the seller
Explanation
In a cooperative transaction between two different brokerages, each broker and their licensees represent their own clients — the listing broker represents the seller, and the buyer's broker represents the buyer. This is the standard relationship in most Pennsylvania transactions.
Related Pennsylvania Agency Questions
- The fiduciary duty of 'obedience' in a Pennsylvania agency relationship means the agent must:
- Which of the following is NOT a fiduciary duty owed by a seller's agent to the seller?
- If a Pennsylvania licensee represents a buyer in purchasing a property that is listed by their own brokerage, the licensee should consider:
- A Pennsylvania sub-agency arrangement means:
- A Pennsylvania seller's agent who discovers that their listed property has an undisclosed material defect must:
- Pennsylvania allows 'dual agency' — representing both buyer and seller in the same transaction — only if:
- The Pennsylvania Consumer Notice requirement applies to licensees working with:
- Under Pennsylvania agency law, when must a licensee provide the Consumer Notice to a potential buyer or tenant?
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