Section 606.6. Duties of transaction licensee.
In addition to the duties generally required of a licensee as set forth in section 606.1, the duties of a transaction licensee include the following:
(1) to advise the consumer to be assisted that the licensee is not acting as an agent or advocate of the consumer and should not be provided with confidential information; and
(2) to provide limited confidentiality.
A licensee shall not disclose information that the seller will accept a price less than the asking price or listed price, that the buyer will pay a price greater than the price submitted in a written offer or that a seller or buyer will agree to financing terms other than those offered.
(606.6 added Nov. 25, 1998, P.L.908, No.112)