Agency
When does a Pennsylvania listing agent show the seller's property to a buyer who has not signed a buyer agency agreement, what disclosure must the agent provide?
ANo disclosure is required until the buyer makes an offer
BThe Consumer Notice explaining the types of agency relationships available✓ Correct
CA written statement that the agent represents only the seller
DAn Agency Disclosure Form signed by both buyer and seller
Explanation
Pennsylvania RELRA requires licensees to provide the Consumer Notice at the first substantive meeting with a potential buyer or tenant. The Consumer Notice explains seller agency, buyer agency, dual agency, and designated agency so consumers understand their options before receiving services.
Related Pennsylvania Agency Questions
- In Pennsylvania, a listing agreement is a contract between:
- A Pennsylvania buyer's representative agreement that is 'exclusive' means:
- A Pennsylvania buyer's agent who learns their buyer is willing to pay significantly more than the asking price must:
- Pennsylvania allows 'dual agency' — representing both buyer and seller in the same transaction — only if:
- If a Pennsylvania licensee represents a buyer in purchasing a property that is listed by their own brokerage, the licensee should consider:
- Dual agency in Pennsylvania requires:
- In Pennsylvania, a 'designated agency' arrangement means:
- In Pennsylvania, 'transaction licensee' status means the licensee:
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