Agency
In Pennsylvania, a broker of record for a real estate company is responsible for:
AOnly their own transactions
BAll transactions conducted by licensees affiliated with the brokerage✓ Correct
COnly the training of new licensees
DOnly the escrow account maintenance
Explanation
The broker of record is ultimately responsible for the conduct of all licensees affiliated with their brokerage. This includes ensuring compliance with RELRA, supervising transactions, maintaining proper escrow accounts, and ensuring advertising compliance. The broker cannot delegate away this supervisory responsibility.
Related Pennsylvania Agency Questions
- In Pennsylvania, what document must a licensee provide to a consumer at the first substantive contact?
- Pennsylvania's Consumer Notice must be provided using the form approved by:
- A Pennsylvania licensee's fiduciary duty of 'care' requires the agent to:
- In Pennsylvania, what is the effect of an agent's 'undisclosed dual agency'?
- In Pennsylvania, 'transaction licensee' status means the licensee:
- In Pennsylvania, what obligation does a buyer's agent have if they discover a material defect in a property their client is considering purchasing?
- Under Pennsylvania RELRA, what is a 'buyer's agent's' obligation regarding the seller's disclosures?
- What is 'subagency' in Pennsylvania real estate and how has its prevalence changed?
Practice More Pennsylvania Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Pennsylvania Quiz →