EstatePass
Pa Agency Consumer NoticeDesignated_agency_paEASY

A seller in Pennsylvania agrees to designated agency. The broker of record designates Agent White as the seller's agent. What duties does Agent White owe to the seller?

Correct Answer

A) Full fiduciary duties including loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care

In designated agency, the designated seller's agent owes the full range of fiduciary duties to the seller: loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care. Designated agency preserves full fiduciary duties — that is its key advantage.

Answer Options
A
Full fiduciary duties including loyalty, confidentiality, obedience, disclosure, accounting, and reasonable care
B
Only the duty to present offers; all other duties are eliminated in designated agency
C
Limited duties similar to a transaction licensee, since designated agency reduces the agent's obligations
D
Only the duties specified in the designated agency consent form signed by the seller

Why This Is the Correct Answer

Sign up free to unlock full analysis

Why the Other Options Are Wrong

Sign up free to unlock full analysis

Deep Analysis of This Pa Agency Consumer Notice Question

Sign up free to unlock full analysis

Background Knowledge for Pa Agency Consumer Notice

Sign up free to unlock full analysis
Sign up free to unlock full analysis

Real World Application in Pa Agency Consumer Notice

Sign up free to unlock full analysis

Common Mistakes to Avoid on Pa Agency Consumer Notice Questions

Sign up free to unlock full analysis

Related Topics & Key Terms

Key Terms:

designated_agencyfiduciary_dutiesseller_agentfull_duties

Related Concepts

A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.

An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.

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.

Was this explanation helpful?

More Pa Agency Consumer Notice Questions

People Also Study

Related Articles

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Start Practicing