🏡 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

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2. Types of Lawful Agency Relationships in Pennsylvania

Agency Type	Description
Seller’s Agent	Represents only the seller
Buyer’s Agent	Represents only the buyer
Sub-Agent	Works under another agent with the client’s permission
Dual Agent	Represents both buyer and seller in the same transaction
Designated Agent	Different agents within a firm represent the buyer and seller separately
Tenant’s Agent	Assists a tenant in finding/leasing property
Landlord’s Agent	Assists a landlord in leasing property
Broker’s Agent	Assists a party without representation; sub-agent of another broker
Property Manager	A general agent managing property on behalf of the owner
Transactional Broker	Facilitates the transaction without representing either party
Limited Agent	May act in a limited fiduciary capacity (e.g., escrow officer)

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🧾 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

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🧾 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

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🔒 Real Estate Recovery Fund Notice

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