Description
PENNSYLVANIA RULES AND REGULATION
LEARNING OBJECTIVES
SECTION 1
Learning objectives
State Real Estate Commission
Glossary of Terms
Agency and You
Agency: Permitted Relationships
Duties of Seller’s Agent
Duties of Buyer’s Agent
Duties of Dual Agent
Duties of Designated Agent
Duties of Transactional licensee
Summary’s: Seller agent, Buyer agent, Dual agent, Designated and
transactional agent
Disclosure summary for Time Share Estates
Escrow requirements
Prohibition against commingling or misappropriation
SECTION 2
Learning objectives
Requirements to become a real estate broker
Licensure as a salesperson
Licensure as a cemetery broker
Licensure as a cemetery salesperson
Licensure as a builder-owner salesperson
Licensure as a rental listing referral agent
Licensure as a campground membership salesperson
Licensure as a time share salesperson
Re licensure following revocation
SECTION 3
Learning objectives
Real estate documents
Exclusive listing agreements
Agreements of sale
Statements of estimated cost and return
Seller’s property disclosure statement
Notice regarding condominiums and cooperatives
Residential or Commercial disclosure
Pennsylvania Human Relations Act
Promotional land sales approval
Summary of relationships in r.e. services
Duties of buyer’s broker
Duties of dual agent
Initial interview
The following pertains to leases
Mandatory provisions of sales contract
Cemetery broker’s disclosure
Summary, handling of deposits and other escrows
Right to cancel purchase of time share and campground memberships
Home inspection
Required contractual provision regarding home inspections
Contracts with home inspectors
Home inspection reports
Liability insurance
Reliance by buyer
Criminal penalty
Fines
