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Pa Agency Consumer NoticeAgency_types_paHARD

Under Pennsylvania law, dual agency is permitted under certain conditions. All of the following are requirements for lawful dual agency in Pennsylvania EXCEPT:

Correct Answer

C) The dual agent must share each party's confidential negotiating strategy with the other party

A dual agent in Pennsylvania must NOT share each party's confidential negotiating strategy with the other. Even in dual agency, the duty of confidentiality regarding negotiating positions remains. The dual agent must keep each party's confidential information private.

Answer Options
A
Both the buyer and seller must give informed written consent to the dual agency arrangement
B
The dual agent must disclose all known material facts about the property to both parties
C
The dual agent must share each party's confidential negotiating strategy with the other party
D
The dual agent must treat both parties honestly and fairly throughout the transaction

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Related Topics & Key Terms

Key Terms:

dual_agencyconfidentialityinformed_consentreverse_question

Related Concepts

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

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.

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