Section 606.3. Duties of buyer's broker.
In addition to the duties generally required of a licensee as set forth in section 606.1, the duties of the broker acting as an agent of the buyer include the following:
(1) to be loyal to the buyer by taking action that is consistent with the buyer's interest in a transaction;
(2) to make a continuous and good faith effort to find a property for the buyer, except that a buyer's broker is not obligated to seek additional properties for purchase while the buyer is subject to an existing contract for sale; and
(3) to disclose to the listing broker, at first contact, that the broker has been engaged as a buyer's agent. In the absence of a listing broker, this disclosure shall be made to the seller.
(606.3 added Nov. 25, 1998, P.L.908, No.112)