PRINTER'S NO. 862
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
727
Session of
2017
INTRODUCED BY FONTANA, GREENLEAF, RESCHENTHALER, YUDICHAK, COSTA
AND HUGHES, MAY 19, 2017
REFERRED TO CONSUMER PROTECTION AND PROFESSIONAL LICENSURE,
MAY 19, 2017
AN ACT
Amending the act of February 19, 1980 (P.L.15, No.9), entitled
"An act establishing the State Real Estate Commission and
providing for the licensing of real estate brokers and
salesmen," in duties of licensees, further providing for
mandatory provisions of sales contract.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 608.2 of the act of February 19, 1980
(P.L.15, No.9), known as the Real Estate Licensing and
Registration Act, is amended to read:
Section 608.2. Mandatory provisions of sales contract.
In a sales agreement or sales contract, a broker shall
disclose the following information which shall be disclosed in
the manner and method the commission shall establish by
regulation:
(1) A statement identifying the capacity in which the
broker is engaged in the transaction and whether the broker
or any licensee affiliated with the broker has provided
services relating to the subject transaction to any other
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