A PA broker operates near the PA-NJ border and has agents licensed in both states. A buyer's agent licensed in both PA and NJ shows a PA property to a buyer and then shows a NJ property to the same buyer on the same day. Under both states' laws, what compliance considerations apply?
Correct Answer
D) The agent must ensure proper licensure, agency disclosures, and regulatory compliance in each state separately, using the appropriate state license for each transaction
A dual-licensed agent must ensure compliance with each state's laws independently. When showing a PA property, the PA license, PA agency disclosure (Consumer Notice), and PA regulations apply. When showing a NJ property, NJ's license, disclosure requirements, and regulations apply. Each transaction is governed by the state where the property is located.
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