Free Pennsylvania Real Estate Practice Exam Practice Question
When licensees act on their own behalf in acquiring property listed with their company, they:
Correct Answer: C
Rationale: When licensees acquire property listed with their company, they must disclose their licensed status in writing to all parties involved in the transaction. This transparency helps maintain trust and ensures all parties are aware of potential conflicts of interest.
Option A is incorrect; licensees do not lose their license for acting on their own behalf. Option B, while important, does not capture the necessity of informing all parties in writing. Option D is misleading; while commission disclosure is important, it is not a requirement specifically tied to the licensee's status in the transaction. Thus, option C is essential for ethical compliance.
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