Free Pennsylvania Real Estate Practice Exam Practice Question
The offer to sell any licensee-owned property that is NOT listed with a broker MUST:
Correct Answer: C
Rationale: When selling licensee-owned property not listed with a broker, it is essential to include a notice in advertising that the owner is a licensee (Option C). This transparency helps potential buyers understand the seller's professional background, promoting trust and ethical practices in real estate transactions.
Option A, pricing competitively, is important but not a legal requirement in this context. Option B, mentioning the employing broker's name, is unnecessary for a licensee selling their own property. Option D, including a statement of structural condition, while beneficial, is not mandated by law for such transactions.
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