When representing a seller, which of the following is a TRUE statement regarding the duties a licensee owes to the principal?

1. a licensee's obligation of confidentiality ends at the conclusion of the listing contract
2. a licensee is not obligated to disclose the existence of another offer during negotiations on a purchase contract
3. A licensee is required to keep confidential the price the seller would accept if lower than the list price

D. a licensee is obligated to disclose to a consumer the minimum commission split between the licensee and the broker

What is the MINIMUM number of hours continuing education which a real estate licensee MUST complete within the license renewal period?

Can a licensed real estate broker prepare an appraisal for a new loan on a property that the broker has listed for sale?

1. yes, if the appraisal is identified as a comparative market analysis
2. yes, if the appraisal is done before an offer to purchase is accepted by the seller
3. yes, with proper disclosure to the lender about the broker's qualifications

D.no, real property appraisals are not within the scope of practice for a real estate broker

A valid exclusive listing contract in Pennsylvania must contain all of the following EXCEPT?

A. the duration of the listing

B. the commission expected

C. the listing price of the property

D. the automatic renewal clause