Agency
In Pennsylvania, a licensee acting as a 'transaction licensee' (non-agent) owes which duties to the consumer?
AFull fiduciary duties including undivided loyalty and absolute confidentiality
BOnly the duty to disclose known physical defects of the property
CHonest dealing, reasonable care, disclosure of conflicts of interest, and timely presentation of all written offers✓ Correct
DNo professional duties whatsoever as a non-agent facilitator
Explanation
A transaction licensee in Pennsylvania facilitates a transaction without being an agent of either party. While not owing full fiduciary duties, a transaction licensee must: deal honestly with all parties, exercise reasonable care and professional skill, disclose known conflicts of interest, present all written offers and counteroffers promptly, and disclose material facts about the property. Transaction licensees cannot advocate exclusively for either party's negotiating position.
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