Podcast
Questions and Answers
What must be in place for sellers to treat the terms of an offer as confidential?
What must be in place for sellers to treat the terms of an offer as confidential?
- An agreement between Buyer and the real estate agent
- A non-disclosure agreement with the state
- An exclusivity contract with the buyer
- A confidentiality agreement between Buyer and the seller (correct)
What type of professionals does the text recommend Buyer consult for financial, legal, or other advice?
What type of professionals does the text recommend Buyer consult for financial, legal, or other advice?
- Insurance agent, investment advisor, or plumber
- Friend, family member, or neighbor
- Accountant, lawyer, or other appropriate professionals (correct)
- Financial advisor, real estate agent, or contractor
What is the responsibility of Pennsylvania real estate agents according to the text?
What is the responsibility of Pennsylvania real estate agents according to the text?
- To handle deposit monies in escrow accounts
- To provide free advice to buyers
- To market properties without proper expertise
- To be licensed and disclose adverse factors about properties (correct)
If Buyer requests information beyond the real estate agent's expertise, what is the recommended course of action?
If Buyer requests information beyond the real estate agent's expertise, what is the recommended course of action?
What document states that the paragraph regarding confidentiality will survive contract termination?
What document states that the paragraph regarding confidentiality will survive contract termination?
If Buyer desires specific financial advice related to a property, what action is recommended by the text?
If Buyer desires specific financial advice related to a property, what action is recommended by the text?
What must Pennsylvania real estate agents do to operate legally?
What must Pennsylvania real estate agents do to operate legally?
What is required for sellers to treat the terms of an offer as confidential?
What is required for sellers to treat the terms of an offer as confidential?
What is the responsibility of Pennsylvania real estate agents?
What is the responsibility of Pennsylvania real estate agents?
If Buyer wants information outside the Broker's area of expertise, what is recommended in the text?
If Buyer wants information outside the Broker's area of expertise, what is recommended in the text?
What will happen to the paragraph on confidentiality after the termination or expiration of the contract?
What will happen to the paragraph on confidentiality after the termination or expiration of the contract?
How do you briefly explain the Buyer Agency Agreement to a buyer? (Role play)
How do you briefly explain the Buyer Agency Agreement to a buyer? (Role play)
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