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Pa Agency Consumer NoticeBuyer_agent_dutiesHARD

Under Pennsylvania's RELA, a buyer's agent owes certain duties to the buyer client. All of the following must be kept confidential by the buyer's agent EXCEPT:

Correct Answer

C) A known material defect in the property that the buyer intends to purchase

A known material defect in the property is not confidential information that the buyer's agent must protect. In fact, Pennsylvania law requires licensees to disclose known material defects regardless of the agency relationship. Material defects that affect health, safety, or property value must be disclosed to all parties.

Answer Options
A
The buyer's maximum price the buyer is willing to pay for a property
B
The buyer's motivation for purchasing, such as a job relocation deadline
C
A known material defect in the property that the buyer intends to purchase
D
The buyer's financial qualification details shared during the agency relationship

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Why the Other Options Are Wrong

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Deep Analysis of This Pa Agency Consumer Notice Question

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Related Topics & Key Terms

Key Terms:

buyer_agentconfidentialitymaterial_defectreverse_question

Related Concepts

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.

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

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