Agency
In Pennsylvania, a transaction licensee (facilitator) owes which of the following duties?
AFull fiduciary duties to both parties
BLoyalty to neither party but good faith and honest dealing to both✓ Correct
CLoyalty to the party who first signed a representation agreement
DNo duties whatsoever — they are purely administrative
Explanation
A Pennsylvania transaction licensee facilitates the sale without representing either party. They owe honesty, good faith, and compliance with disclosure laws but do not owe fiduciary duties such as loyalty or confidentiality regarding negotiations.
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