63 Pa. Stat. § 455.606f

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 455.606f - Duties of transaction licensee

In addition to the duties generally required of a licensee as set forth in section 606.1, the duties of a transaction licensee include the following:

(1) to advise the consumer to be assisted that the licensee is not acting as an agent or advocate of the consumer and should not be provided with confidential information; and

(2) to provide limited confidentiality. A licensee shall not disclose information that the seller will accept a price less than the asking price or listed price, that the buyer will pay a price greater than the price submitted in a written offer or that a seller or buyer will agree to financing terms other than those offered.

63 P.S. § 455.606f

1980, Feb. 19, P.L. 15, No. 9, § 606.6, added 1998, Nov. 25, P.L. 908, No. 112, § 5, effective in one year.