Designated Agency:

In designated agency, the employing broker may, with your consent, designate one or more licensees from the real estate company to represent you. Other licensees in the company may represent another party and shall not be provided with any confidential information. The designated agent(s) shall have the duties as listed above under seller agency and buyer agency.

In designated agency, the employing broker will be a dual agent and have the additional duties of:

  • Taking reasonable care to protect any confidential information disclosed to the licensee.
  • Taking responsibility to direct and supervise the business activities of the licensees who represent the seller and buyer while taking no action that is adverse or detrimental to either party's interest in the transaction.

The designation may take place at the time that the parties enter into a written agreement, but may occur at a later time. Regardless of when the designation takes place, the employing broker is responsible for ensuring that confidential information is not disclosed.

Transaction Licensee: 

A transaction licensee is a broker or salesperson who provides communication or document preparation services or performs other acts for which a license is required WITHOUT being the agent or advocate for either the seller/landlord or the buyer/tenant. Upon signing a written agreement or disclosure statement, a transaction licensee has the additional duty of limited confidentiality in that the following information may not be disclosed:

  • The seller/landlord will accept a price less than the asking/listing price.
  • The buyer/tenant will pay a price greater than the price submitted in a written offer.
  • The seller/landlord or buyer/tenant will agree to financing terms other than those offered.

Other information deemed confidential by the consumer shall not be provided to the transaction licensee.

OTHER INFORMATION ABOUT REAL ESTATE TRANSACTIONS

The following are negotiable and shall be addressed in an agreement/disclosure statement with the licensee: 

  • The duration of the employment, listing agreement or contract. 
  • The fees or commissions. 
  • The scope of the activities or practices. 
  • The broker's cooperation with other brokers, including the sharing of fees.

Any sales agreement must contain the zoning classification of a property except in cases where the property is zoned solely or primarily to permit single family dwellings.

A Real Estate Recovery Fund exists to reimburse any person who has obtained a final civil judgment against a Pennsylvania real estate licensee owing to fraud, misrepresentation, or deceit in a real estate transaction and who has been unable to collect the judgment after exhausting all legal and equitable remedies. For complete details about the Fund, call (717) 783-3658.

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ACKNOWLEDGEMENT

I acknowledge that I have received this disclosure.

Date: _______________

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Print (Consumer)                         Print (Consumer)

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Signed (Consumer)                      Signed (Consumer)

____________________             ____________________
Address (optional)                       Address (optional)

____________________             ____________________
Phone Number (optional)               Phone Number (optional)

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I certify that I have provided this document to the above consumer during the initial interview.

Date: ____________

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        Print  (Licensee)                       Signed  (Licensee)