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Pa Agency Consumer NoticeDesignated_agency_paHARD

In Pennsylvania, designated agency requires certain conditions to be met. All of the following are requirements for designated agency EXCEPT:

Correct Answer

C) The designated agents must meet in person with each other to coordinate their negotiation strategies

Designated agents should NOT coordinate negotiation strategies with each other. The entire purpose of designated agency is to maintain separate and independent representation. Meeting to coordinate strategies would defeat the confidentiality protections.

Answer Options
A
The broker of record must designate different licensees to represent the buyer and seller
B
Both parties must be informed about and consent to the designated agency arrangement
C
The designated agents must meet in person with each other to coordinate their negotiation strategies
D
The broker of record must supervise the arrangement to prevent sharing of confidential information

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Related Topics & Key Terms

Key Terms:

designated_agencyrequirementsno_coordinationreverse_question

Related Concepts

A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.

The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.

The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.

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