CONSUMER NOTICE

Pennsylvania law requires real estate brokers and sales persons (Licensees) to advise consumers of the business relationships permitted by the Real Estate Licensing and Registration Act. This notice must be provided to the consumer at the first contact where a substantive discussion about Real Estate occurs.

Before you disclose any information to a licensee, be advised that unless you select an agency relationship by signing a written agreement providing for such a relationship, the licensee is NOT REPRESENTING YOU. A business relationship of any kind  will NOT be presumed but must be established between the consumer and the licensee.

Any licensee who provides you with real estate services owes you the following duties:
.   Exercise reasonable responsible professional skill and care which meets the practice standards required by the act.
.   Deal honestly and in good faith
.   Present in a timely manor all offers, counteroffers, notices and comunications to and from the parties in writing. The duty to present
    written offers and counteroffers may be waived if the waiver is in writing.
.   Comply with Real Estate Disclosure Act.
.   Account for escrow and deposit funds.
.   Disclose all conflicts of interest in a timely manor.
.   Provide assistance with document preparation and advise the consumer regarding compliance with laws pertaining to real estate
    transactions.
.   Advise the consumer to get expert advice on matters about transactions that are beyond the licensee's expertise.
.   Keep the consumer informed about the transaction and the tasks to be completed.
.   Disclose finantial interest in service, such as finantial, title transfer and preparation services, insurance, construstion, repair or inspection
    at the time service is recommended or the first time the licensee learns that service will be used.

A licensee may have the following business relationships with the consumer: Seller Agency, Buyer Agency, Dual Agency, Designated Agency, and Transaction Licensee.

Seller Agency:
Seller Agency is a relationship where the licensee, upon entering into a written agreement, works only for a seller/landlord. Seller agents owe the additional duties of:  
.   LOYALTY to the seller/landlord by acting in the Seller's/Landlord's best interest.
.   CONFIDENTIALITITY, except that a licensee has the duty to reveal known material defects about the property.
.   Making a CONTINUOUS GOOD FAITH EFFORT to find a buyer for the property, except when the property is subjest to an existing
    agreement.
.   Disclose to other parties in the transaction that the licensee has been engaged as Seller's Agent.

A seller's agent may compensate other brokers as subagents if the seller/landlord agrees in writing. Subagents have the same duties and obligations as the seller's agent. Seller's agents may also compensate Buyer's agents and transaction licensees who do not have the same duties and obligations as seller's agents.

If you enter into a written agreement, the licensees in the real estate company owe you the additional duties identified above under seller's agency. The exception is designated agency. See the designated agency section in this notice for more information.

Buyer Agency:

Buyer agency is a relationship where the licensee, upon entering into a written agreement, works only for the buyer/tennant.
Buyer's agents owe the additional duties of:
.   LOYALTY to the buyer/tennent by acting in the buyer's/tennant's best interest.
.   CONFIDENTIALITY, except that a licensee is required to disclose known material defects about a property.
.   Making a CINTINUOUS GOOD FAITH EFFORT to find a property for the buyer/tennent, except while the buyer/tennant is subject to an
    existing contract.
.   Disclose to other parties in the transaction that the licensee has been engaged as a buyer's agent.

A buyer's agent may be paid fees, which may include a percentage of the purchase price, and even if paid by the seller/landlord, will
represent the interest of the buyer/tennant.

If you enter into a written agreement, the licensees in the real estate company owe you the additional duties identified above under buyer
agency. The exception is designated agency. See the designated agency section in this notice for more information.

Dual Agency:
.   Dual agency is a relationship where the licensee acts as the agent for both  the seller/landlord and the buyer/tennant in the same
    transaction with written consent of all parties. Dual agents owe additional duties of:
.   Taking no action that is ADVERSE OR DETRIMENTAL to either parties interest in the transaction.
.   Making a CONTINUOUS GOOD FAITH EFFORT to find a buyer for the property and a property for the buyer, unless either aresubjest to
    an existing contract.
.   CONFIDENTIALITY, except that a licensee is required to disclose known material defects about the property.

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 the confidental 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 insuring that the confidential informationis not disclosed.

Transaction Licensee:
A transaction licensee is a broker or salesperson who provides comunications or document preparation services or performes other acts for which a licensee is required WITHOUT BEING THE AGENT OR ADVOCATE for either the seller/landlord or the buyer/tennant. Upon signing a written agreement or disclosure sttement, 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/tennant will pay a price greater than the price submitted in a written offer.
.   The seller/landlord or buyer/tennant will agree to financing terms other than those offered.
Other information deemed confidential by the consumer shall not be provided to the transaction licensee.