Agency
A seller's agent who learns that the seller is willing to accept $20,000 below the listing price should:
ADisclose this to all potential buyers to generate offers
BKeep this information confidential and not reveal it to buyers✓ Correct
CDisclose it only to the buyer's agent
DDisclose it in the MLS listing
Explanation
A seller's agent owes confidentiality to the seller. Information about the seller's motivation or willingness to accept a lower price is confidential and must not be disclosed to buyers or their agents without the seller's permission.
Related Pennsylvania Agency Questions
- A Pennsylvania licensee who advertises on behalf of their brokerage using their personal name (without the brokerage name) is:
- In Pennsylvania, what is 'sub-agency' in real estate transactions?
- What is the 'duty of accounting' owed by a Pennsylvania real estate agent to their principal?
- What is 'estoppel' as it applies to a Pennsylvania real estate agent's representations?
- A Pennsylvania licensee who receives compensation from more than one party to a transaction must:
- A Pennsylvania designated agency arrangement is most appropriate when:
- What fiduciary duty requires a Pennsylvania agent to disclose all material information to their client?
- A Pennsylvania licensee who represents a buyer and has been asked by a seller's agent to 'disclose your buyer's bottom line' should:
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →