Free Pennsylvania Real Estate Practice Exam Practice Question
When MUST Pennsylvania's oral disclosure explaining business relationships be provided?
Correct Answer: D
Rationale: In Pennsylvania, the oral disclosure explaining business relationships must be provided upon first in-person substantive real estate discussion. This ensures that clients are informed about the nature of the agent's relationship before significant discussions occur, fostering transparency and trust.
Option A, "upon first contact," is too vague, as initial contact may not involve substantive discussions. Option B, "upon first substantive real estate discussion," lacks the specification of being in-person, which is crucial for the disclosure's timing. Option C, "upon first discussion of specific property," may occur without a substantive discussion, missing the requirement for an in-person dialogue.
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