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PA Real Estate Consumer Notice - Upper Bucks County Homes For Sale 2025

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The document is a Consumer Notice required by the Real Estate Licensing and Registration Act (RELRA) to inform consumers about their potential agency relationships with real estate brokers and salespersons. It outlines different types of agency relationships, including Seller Agent, Buyer Agent, Dual Agent, Designated Agent, and Transaction Licensee, detailing their responsibilities and obligations. The notice emphasizes the importance of informed decision-making in real estate transactions and includes information on consumer rights, duties of licensees, and the Real Estate Recovery Fund.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the introductory section, which outlines the purpose of the notice. This is crucial for understanding your rights and responsibilities.
Fill in your name and signature in the 'Acknowledgment' section. Ensure that both consumers sign to confirm receipt of this disclosure.
In the 'Licensee's Information' section, enter the licensee's printed name, signature, and license number. This identifies who provided you with this notice.
Review all agency relationships described (Seller Agent, Buyer Agent, Dual Agent, etc.) to understand which applies to your situation.
Finally, ensure that all fields are completed accurately before saving or exporting your document for future reference.

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What is a consumer in real estate?

THE REAL ESTATE LAW REQUIRES THAT I PROVIDE YOU WITH A WRITTEN CONSUMER NOTICE THAT DESCRIBES THE VARIOUS BUSINESS RELATIONSHIP CHOICES THAT YOU MAY HAVE WITH A REAL ESTATE LICENSEE.

At what time should a Pennsylvania licensee present the consumer notice to a prospective homebuyer?

The answer is when they get together to discuss the buyers needs and financial ability. Licensees should present the Consumer Notice to all consumers at the first contact where a substantive discussion about real estate occurs.

What is a consumer notice in real estate?

DISCLOSURE OF AGENCY AND NON-AGENCY RELATIONSHIPS. IN REAL ESTATE BROKERAGE. (This form is for-disclosure and acknowledgment and is not a contract)

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What is the purpose of the Pennsylvania consumer notice?

In an effort to enable consumers of real estate services to make informed decisions about the business relationships they may have with real estate brokers and salespersons (licensees), the Real Estate Licensing and Registration Act (RELRA) requires that consumers be provided with this Notice at the initial interview.

What is the purpose of the consumer notice in PA?

Pennsylvania Law requires real estate brokers and salespersons (licensees) to advise consumers of the business relationships permitted by the Real Estate Licensing and Registration Act.

What is consumer notice?

Consumer Notice is a consumer advocacy organization that informs the public about the health and safety risks associated with defective products, environmental dangers and other hazards and presents legal options to those who have been injured through the fault of another person or entity.