I am your Real Estate Specialist!

Thank You for visiting my web site. I hope you were able to find some helpful information. If you have any comments or would like to contact me, you can e-mail me

at MonikaNosowski@ReMax.net ,

or you can call me at the Re/Max Millennium office, or on my cell phone number listed below.

My main office # (215) 379-1100

My direct line # (215) 379-1131

My office fax # (215) 379-8533

My cell phone # (267) 312-5512

You can take advantage of my 16 years of experience in selling properties all over Philadelphia, Bucks, Montgomery and other surrounding Counties. I am looking forward to helping you in any of your real estate needs. If you know someone who can use my professional experience, don't hesitate to give them my information, you can be sure I will provide them with the first class service.

                                                          Sincerely,

                                                    Monika Nosowski
                                                                    Associate Broker
                                                       RE/MAX Millennium

What You Need to Know as a Consumer

**Business Relationship Disclosure**
Pennsylvania law requires Real Estate Licencees to advise the consumer of different types of business relationships permitted by the real estate licensing and registration act.		Monika Nosowski E-mail Office: (215) 379-1100 Direct: (215) 379-1131 Cell: (267) 312-5512 Fax: (315) 379-8533

Consumer Notice

This Is Not a Contract

Pennsylvania Law requires real estate brokers and salespersons (licensees) to advise consumers of the business relationships permitted by the Real Estate Licensing and Registration Act. This notice must be provided to the consumer at the initial interview.

Before you disclose any information to a licensee, be advised that unless you select a business relationship by signing a written agreement, the licensee is NOT REPRESENTING YOU. A business relationship of any kind will NOT be presumed.

Any licensee who provides you with real estate services owes you the following duties:

Exercise reasonable professional skill and care which meets the practice standards required by the Act.

Deal honestly and in good faith.
Present, in a timely manner, all offers, counteroffers, notices, and communications to and from the parties in writing. This duty may be waived by the seller where the seller's property is under contract and the waiver is in writing.
Comply with Real Estate Seller Disclosure Law.
Account for escrow and deposit funds.
Disclose, as soon as practicable, all conflicts of interest and financial interests.
Provide assistance with document preparation and advise the consumer regarding compliance with laws pertaining to real estate transactions.
Advise the consumer to seek expert advice on matters about the transactions that are beyond the licensee's expertise.
Keep the consumer informed about the transaction and the tasks to be completed.
Disclosure financial interest in a service, such as financial, title transfer and preparation services, insurance, construction, repair or inspection, at the time service is recommended or the first time the licensee learns that the service will be used.

A licensee may have the following business relationships with the consumer:

Seller Agency:
Seller agency is a relationship where the licensee, upon entering into a written agreement, works only for a seller/landlord. Seller's agents owe the additional duties of:

Loyalty to the seller/landlord by acting in the seller's/landlord's best interest.
Confidentiality, except that a licensee has a duty to reveal known material defects about the property.
Making a continuous and good faith effort to find a buyer for the property, except while the property is subject to an existing agreement.

Disclosure to other parties in the transaction that the licensee has been engaged as a seller's agent.

If you enter into a written agreement, the licensees in the real estate company owe you the additional duties identified above under seller agency. The exception is designated agency. See the designated agency section in this notice for more information.

Buyer Agency:
Buyer agency is a relationship where the licensee, upon entering into a written agreement, works only for the buyer/tenant. Buyer's agent owe the additional duties of:

Loyalty to the buyer/tenant by acting in the buyer's/tenant's best interest.
Confidentiality, except that a licensee is required to disclose known material defects about the property.
Making a continuous and good faith effort to find a property for the buyer/tenant, except while the buyer/tenant is subject to an existing contract.
Disclosure to other parties in the transaction that the licensee has been engaged as a buyer's agent.

If you enter into a written agreement, the licensees in the real estate company owe you the additional duties identified above under buyer agency. The exception is designated agency. See the designated agency section in this notice for more information.

Dual Agency:
Dual agency is a relationship where the licensee acts as the agent for both the seller/landlord and the buyer/tenant in the same transaction with the written consent of all parties. Dual agents owe the additional duties of:

Taking no action that is adverse or detrimental to either party's interest in the transaction.
Making a continuous and good faith effort to find a buyer for the property and a property for the buyer, unless either are subject to an existing contract.
Confidentiality, except that a licensee is required to disclose known material defects about the property.

Designated Agency:
In designated agency, the employing broker may, with your consent, designate one or more licensees from the real estate company to represent you. Other licensees in the company may represent another party and shall not be provided with any confidential information. The designated agent(s) shall have the duties as listed above under seller agency and buyer agency. In designated agency, the employing broker will be a dual agent and have the additional duties of: Taking reasonable care to protect any confidential information disclosed to the licensee. Taking responsibility to direct and supervise the business activities of the licensees who represent the seller and buyer while taking no action that is adverse or detrimental to either party's interest in the transaction.

Transaction Licensee:
A transaction licensee is a broker or salesperson who provides communication or document preparation services or performs other acts for which a license is required WITHOUT being the agent or advocate for either the seller/landlord or the buyer/tenant. Upon signing a written agreement or disclosure statement, a transaction licensee has the additional duty of limited confidentiality in that the following information may not be disclosed:

The seller/landlord will accept a price less than the asking/list price.
The buyer/tenant will pay a price greater that the price submitted in a written offer.
The seller/landlord or buyer/tenant will agree to financing terms other than those offered.

Like licensees in agency relationships, transaction licensees must disclose known material defects about the property.

NEGOTIABLE CONTRACT TERMS

The following contractual terms are negotiable between the licensee and the consumer and must be addressed in an agreement/disclosure statement:

The duration of the employment, listing agreement or contract.
The licensee's fees or commissions.
The scope of the licensee's activities or practices.
The broker's cooperation with and sharing of fees with other brokers.

Any sales agreement must contain the zoning classification of a property except in cases where the property is zoned solely or primarily to permit single family dwellings.

A Real Estate Recovery Fund exists to reimburse any person who has obtained a final civil judgment against a Pennsylvania real estate licensee owing to fraud, misrepresentation, or deceit in a real estate transaction and who has been unable to collect the judgment after exhausting all legal and equitable remedies. For complete details about the Fund, call (717)783-3658.

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I am your Real Estate Specialist!

What You Need to Know as a Consumer

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