Agency
The Pennsylvania Consumer Notice requirement applies to licensees working with:
AOnly residential buyers and sellers
BAll consumers in all real estate transactions regardless of property type✓ Correct
COnly first-time homebuyers
DOnly commercial transactions over $500,000
Explanation
The Consumer Notice requirement applies broadly to all real estate transactions — residential, commercial, rental, and land — whenever a Pennsylvania licensee has a first substantive meeting with a potential buyer, seller, landlord, or tenant.
Related Pennsylvania Agency Questions
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- When a Pennsylvania broker represents both the buyer and seller in the same transaction with full informed written consent from both parties, this is called:
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