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Pa Agency Consumer NoticeSeller_agent_dutiesHARD

Under Pennsylvania law, a seller's agent must maintain confidentiality about certain seller information. All of the following must be kept confidential by the seller's agent EXCEPT:

Correct Answer

B) A known structural defect in the property's foundation

Known structural defects are material facts that must be disclosed to all potential buyers under Pennsylvania law. The duty to disclose material defects overrides the duty of confidentiality to the seller. A foundation defect affects property safety and value and must be disclosed regardless of the seller's wishes.

Answer Options
A
The seller's minimum acceptable price for the property
B
A known structural defect in the property's foundation
C
The seller's reason for selling, such as a pending foreclosure
D
The seller's willingness to offer seller financing

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Deep Analysis of This Pa Agency Consumer Notice Question

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Related Topics & Key Terms

Key Terms:

seller_agentconfidentialitymaterial_defectdisclosure_exceptionreverse_question

Related Concepts

The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.

An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.

An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.

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