THIS IS NOT A CONTRACT
Pennsylvania Law requires real estate brokers and salespersons (licensees) to advise consumers who are seeking to sell or purchase resi-
dential or commercial real estate or tenants who are seeking to lease residential or commercial real estate where the licensee is work-
ing on behalf of the tenant of the business relationships permitted by the Real Estate Licensing and Registration Act. This notice must
be provided to the consumer at the first contact where a substantive discussion about real estate occurs unless an oral disclosure
has been previously provided. If the oral disclosure was provided, this notice must be provided at the first meeting or the first time a
property is shown to the consumer by the broker or salesperson.
Before you disclose any information to a licensee, be advised that unless you select an agency relationship the licensee is NOT
REPRESENTING YOU. A business relationship of any kind will NOT be presumed but must be established between the
consumer and the licensee.
Any licensee who provides you with real estate services owes you the following duties:
Exercise reasonable professional skill and care which meets the practice standards required by the Act.
Deal honestly and in good faith.
Present, in a reasonably practicable period of time, all offers, counteroffers, notices, and communications to and from the parties
in writing. The duty to present written offers and counteroffers may be waived if the waiver is in writing.
Comply with Real Estate Seller Disclosure Act.
Account for escrow and deposit funds.
Disclose all conflicts of interest in a reasonably practicable period of time.
Provide assistance with document preparation and advise the consumer regarding compliance with laws pertaining to real estate
Advise the consumer to seek expert advice on matters about the transaction that are beyond the licensee’s expertise.
Keep the consumer informed about the transaction and the tasks to be completed.