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Pa Agency Consumer NoticeConsumer_notice_requirementHARD

Robert, a Pennsylvania licensee, shows a property to a buyer named Diane without first providing the Consumer Notice. Diane makes an offer, which is accepted by the seller. Two weeks later, Diane files a complaint with the Pennsylvania State Real Estate Commission (SREC). What is the most likely consequence for Robert?

Correct Answer

D) Robert may face disciplinary action by the SREC for violating the Consumer Notice requirement under RELA

Failure to provide the Consumer Notice as required by 63 P.S. §455.606 is a violation of RELA. The SREC has the authority to impose disciplinary action against licensees who violate RELA provisions, which may include fines, suspension, or revocation of license.

Answer Options
A
The sales contract will be automatically voided due to the missing Consumer Notice
B
Robert will be required to refund his entire commission to the buyer
C
The SREC will issue a warning letter but take no further action for a first offense
D
Robert may face disciplinary action by the SREC for violating the Consumer Notice requirement under RELA

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Related Topics & Key Terms

Key Terms:

consumer_noticeviolationdisciplinary_actionSRECRELA

Related Concepts

The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.

An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.

An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.

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