49 Pa. Code § 35.334 - Statements of estimated cost and return
(a)
Before an agreement of sale is executed, the brokers involved in the transaction
shall provide each party with a written estimate of reasonably foreseeable expenses
associated with the sale that the party may be expected to pay, including, but not
limited to:
(1) The broker's commission.
(2) The mortgage payments and financing
costs.
(3) Taxes and
assessments.
(4) Settlement
expenses.
(b) The estimates of
costs required under subsection (a) shall be as accurate as may be reasonably
expected of a person having knowledge of, and experience in, real estate
sales.
(c) The following statement of
estimated costs to the buyer at settlement is exemplary of the requirements of
subsection (a):
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(d) The
following statement of estimated costs to the seller at settlement is exemplary of
the requirements of subsection (a):
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Notes
The provisions of this §35.334 issued under the Real Estate Licensing and Registration Act (63 P. S. §§ 455.101-455.902).
This section cited in 49 Pa. Code § 43b.8 (relating to schedule of civil penalties-real estate and cemetery brokers, real estate schools).
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