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Pa Agency Consumer NoticeSeller_agent_dutiesEASY

A homeowner in Pennsylvania signs a listing agreement with a brokerage to sell her home. Under PA law, the listing agent becomes the agent of which party?

Correct Answer

A) The seller who signed the listing agreement

When a seller signs a listing agreement with a brokerage in Pennsylvania, the listing agent becomes the agent of the seller. The agent owes fiduciary duties exclusively to the seller, including loyalty, confidentiality, disclosure, obedience, reasonable care, and accounting.

Answer Options
A
The seller who signed the listing agreement
B
The buyer who eventually purchases the property
C
Both the buyer and seller equally
D
The Pennsylvania State Real Estate Commission

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Related Topics & Key Terms

Key Terms:

seller_agentlisting_agreementagency_relationshipfiduciary_duty

Related Concepts

An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.

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.

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