49 Pa. Code § 35.303 - Panic selling
(a) The
Commission will regard an attempt by a licensee to bring about panic selling in
order to profit from it as bad faith under section 604(a)(20) of the act
(63
P. S. §
455.604(a)(20)). For
purposes of this section, "panic selling" is frequent efforts to sell
residential real estate in a particular neighborhood because of fear of
declining real estate values when the fear is not based on facts relating to
the intrinsic value of the real estate itself.
(b) Proof of systematic solicitation of sales
listings may be considered sufficient, but not conclusive, evidence of an
attempt to bring about panic selling.
Notes
The provisions of this § 35.303 issued under the Real Estate Licensing and Registration Act (63 P. S. §§ 455.101-455.902).
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.