Skip to main content

🏡 Pennsylvania Consumer Notice & Agency Overview

1. The Consumer Notice in Pennsylvania

In accordance with Pennsylvania real estate law, a Consumer Notice must be provided when:

  • Buying or selling residential or commercial real estate

  • Leasing residential or commercial real estate where a licensee represents the tenant

⚠ Important:
Until a business relationship is established, any information shared is not confidential.

At our first meeting, you will receive a written Consumer Notice that:

  • Describes your relationship options with a licensee

  • Lists the duties a licensee owes to all consumers, whether or not you're represented

  • Details the types of agency relationships available

2. Types of Lawful Agency Relationships in Pennsylvania

Agency TypeDescription
Seller’s AgentRepresents only the seller
Buyer’s AgentRepresents only the buyer
Sub-AgentWorks under another agent with the client’s permission
Dual AgentRepresents both buyer and seller in the same transaction
Designated AgentDifferent agents within a firm represent the buyer and seller separately
Tenant’s AgentAssists a tenant in finding/leasing property
Landlord’s AgentAssists a landlord in leasing property
Broker’s AgentAssists a party without representation; sub-agent of another broker
Property ManagerA general agent managing property on behalf of the owner
Transactional BrokerFacilitates the transaction without representing either party
Limited AgentMay act in a limited fiduciary capacity (e.g., escrow officer)

🧾 Buyer Agency Agreements in Pennsylvania

🔹 Exclusive Buyer Agency Agreement

  • Buyer agrees to work only with one agent

  • The agent represents the buyer's interests

  • Agreement includes compensation terms and agent duties

🔹 Non-Exclusive Buyer Agency Agreement

  • Buyer may work with multiple brokers

  • Only the broker who helps close the purchase receives payment

🧾 Seller Listing Agreements in Pennsylvania

🔹 Exclusive Right to Sell Agreement

  • Most comprehensive service for the seller

  • Broker earns commission regardless of who finds the buyer

  • Key terms:

    • Listing period (start & end dates)

    • Listing price

    • Broker and cooperating agent commission

    • Marketing terms

    • Property disclosure requirements

🔹 Exclusive Agency Agreement

  • Seller reserves the right to sell the property themselves

  • Broker earns commission only if they or another agent finds the buyer

  • Offers exposure with some seller flexibility

🔹 Open Listing Agreement

  • Non-exclusive: multiple brokers may list the property

  • Only the broker who brings the buyer gets paid

  • If seller finds buyer: no commission owed

  • Often informal; written confirmation is recommended for compensation clarity

🔒 Real Estate Recovery Fund Notice

Consumers may qualify for financial recovery from this fund if a real estate licensee engages in fraud or misrepresentation.




Comments

Post a Comment

Popular posts from this blog

Rental Options in East York & Red Lion

Discover a wide range of rental homes tailored to fit various lifestyles and budgets in East York and nearby Red Lion. Whether you're searching for a cozy one-bedroom apartment or a spacious three-bedroom townhome, there's something here for everyone. 📍 East York Springett’s Apartments 📍 50 Eisenhower Dr, York, PA 17402 1- and 2-bedroom level apartments 🔗 manorcommunities.com Suburban Park Apartments 📍 2685 Carnegie Rd, East York, PA 17402 1- and 2-bedroom apartments 🔗 liveatsuburbanpark.com Fallbrook Flats 📍 3889 E Market St, York, PA 17402 1-, 2-, and 3-bedroom apartments 🔗 jcmliving.com The Apartments at Waterford 📍 200 Governors Pl, York, PA 17402 Modern layouts with 1- to 3-bedroom options 🔗 waterford.theapartmentgallery.com Hillside Apartments 📍 1927 Queenswood Dr, York, PA 17403 1- and 2-bedroom apartments 🔗 theapartmentgallery.com/hillside-apartments East Breeze Apartments 📍 21-23 S Northern Way, York, PA 17402 1- and 2-bedroom apartments ...
Post a Comment
Read more

How to Obtain a Pennsylvania Driver’s License (For Foreign Nationals)

Whether you're a resident foreign national or visiting from another country, here is the updated step-by-step process to get your PA driver’s license or legally drive in Pennsylvania. Driving in PA as a Visitor from Another Country Check if your country has a Driver License Foreign Reciprocity Agreement with Pennsylvania. If yes , you may be able to convert your foreign license without taking the knowledge or road tests . If no , you are legally permitted to drive in PA for up to 30 days using your valid foreign driver’s license before you need to get a PA license. Step 1: Study the PA Driver’s Manual Review the manual carefully to prepare for the knowledge test. Language options and a study app are available to assist you. 👉 Get a Driver's License | Commonwealth of Pennsylvania Step 2: Complete Form DL-180 This form is a physician certification verifying your physical ability to drive. You must have it filled out by a licensed physician. Available ...
Post a Comment
Read more

Understanding Property Tax Disbursement From Escrow: What Every Homeowner Should Know

  By Katelyn Mayer, Realtor If you’re a homeowner—or thinking about becoming one—understanding how property taxes are paid can save you stress and help you manage your budget better. One of the most common questions I get from clients is: “How does my lender pay my property taxes, and what is this escrow thing all about?” Let’s break it down. What Is an Escrow Account? When you buy a home with a mortgage, your lender often requires an escrow account. This is basically a special savings account that holds money collected each month from you to pay for certain expenses—most commonly, property taxes and homeowners insurance. Instead of paying your tax bill in one lump sum once or twice a year, your lender collects a bit every month and pays the taxing authority on your behalf. This system can make budgeting easier, so you don’t have to worry about coming up with thousands of dollars all at once. How Does It Work? Let’s say your annual property tax bill is $6,000. Your lender wi...
Post a Comment
Read more