Designated Agency created for the in-house transaction where both buyer and seller are represented by individual agents in the same company. It allows the agent selected by the buyer to continue representing the buyer's interest while the agent selected by the seller continues to represent the seller's interests. This allows the consumers to retain services they sought when choosing real estate agents to advocate for them. Transaction Licensee in this relationship, the licensee provides communication or document preparation services, or similar real estate related services without being an agent or advocate for either the seller or the buyer. A transaction licensee could not disclose the fact that the seller will accept a price less than the asking price, or any other information deemed confidential by the consumer.
Consumers can direct questions to their real estate agent.
More information is also available on PAR's Web site. PAR is a 26,000-member professional association serving the Pennsylvania real estate industry. All rights reserved .