The Pennsylvania Realtor Law/Real Estate Brokerage Law is a comprehensive set of laws that governs the real estate brokerage industry within Delaware County. The law is intended to ensure that all participants in real estate transactions are treated fairly and ethically while also ensuring the public protection from fraud and misrepresentation. The law sets forth requirements for the establishment and operation of real estate brokerages, as well as licensees working within those brokerages. An experienced real estate lawyer is familiar with the obligations of Delaware County brokers.
The law requires all real estate brokers and salespersons to be licensed by the Pennsylvania Real Estate Commission. To obtain a license, an applicant must complete pre-licensing education and pass a licensing examination. Additionally, all licensees must comply with continuing education requirements in order to maintain their licenses.
The law also establishes standards of conduct that all licensees must abide by in their dealings with clients and other participants in the real estate transaction. This includes the duty to be loyal to their clients, provide full disclosure of all facts concerning a property, and handle all funds related to a transaction in an ethical manner. Failure to abide by these standards may result in disciplinary action, including suspension or revocation of the licensee’s license.
The Pennsylvania Real Estate Commission is tasked with enforcing the provisions of the Real Estate Brokerage Law in Delaware County. The Commission has the authority to investigate complaints and impose disciplinary action against any licensee who is found to be in violation of the law. It is important for all licensees and members of the public to understand and comply with the Pennsylvania Realtor Law/Real Estate Brokerage Law.
A qualified real estate attorney can provide valuable advice and guidance on how to comply with the law and protect your rights during a real estate transaction. A real estate attorney can also help you dispute any violations of the law that may arise in your particular transaction and represent you in any legal proceedings related to the transaction.
If you are a licensed real estate broker, salesperson or other participant in the real estate industry and have been accused of violating the Pennsylvania Realtor Law/Real Estate Brokerage Law, an experienced attorney can provide invaluable representation in your Delaware County defense. An attorney will be able to evaluate the allegations and defend your rights before the Pennsylvania Real Estate Commission.
Chester is the county seat of Delaware County and the most populated municipality is West Chester. According to the 2020 census, the population had increased by 7.1% from 2010’s 498,886 residents to 534,413 individuals as of this year.
The city’s housing market includes a mix of single-family homes, townhouses and condominiums. The median home value in Chester is $335,000, an increase of 3.5% from the previous year. The market is expected to remain strong, with a balanced inventory of homes available for sale.
Yeadon is a small, suburban town located in Delaware County. The population of Yeadon is 11,960 and the median home value is $229,164. The market in Yeadon has recently seen an increase in demand for new homes, with sales prices up by 13.7% from the previous year.
Lansdowne is a borough located in Delaware County with a population of 11,008. The median home value in Lansdowne is $230,000, which is slightly higher than the state average. The market has seen an increase in demand for single-family homes, with prices up by 2.1% from last year.
Darby is a borough in Delaware County with a population of 10,641. Real estate values in Darby, PA have surged to new heights this November 2022; the median listing price for a home has climbed 19.8% from last year, now resting at $145K.
Collingdale is a borough in Delaware County with a population of 8,824. The median home value in Collingdale is $186,344. There has been an increase of 6% in the number of homes sold in Collingdale over the past year.
Brookhaven is a borough in Delaware County with a population of 3,203. The median home value in Brookhaven is $650,000, which is higher than the state average. House prices have increased by 8% over the past year, making it an attractive option for investors who are looking to invest in the Pennsylvania real estate market.
Whether you are looking to buy or sell a home in Delaware County, it is important to have an experienced real estate agent on your side. An experienced real estate agent can help you navigate the complexities of the Pennsylvania real estate market and make sure that your best interests are represented in any transaction.
It is also important to consider consulting a Delaware County real estate attorney for all legal questions or issues that may arise during the real estate transaction process. A qualified Pennsylvania real estate attorney can provide invaluable legal advice and representation to ensure that your rights are protected throughout the transaction process. Contact our Delaware County Realtor or real estate broker Lawyer today! Call us at (215) 396-1020 or fill out our online contact form.