Pennsylvania Code
Title 49 - PROFESSIONAL AND VOCATIONAL STANDARDS
Part I - DEPARTMENT OF STATE
Subpart A - PROFESSIONAL AND OCCUPATIONAL AFFAIRS
Chapter 35 - STATE REAL ESTATE COMMISSION
Subchapter E - STANDARDS OF CONDUCT AND PRACTICE
ADVERTISING AND SOLICITATION
Section 35.303 - Panic selling

Universal Citation: 49 PA Code ยง 35.303

Current through Register Vol. 54, No. 44, November 2, 2024

(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.

The provisions of this §35.303 issued under the Real Estate Licensing and Registration Act (63 P. S. §§ 455.101-455.902).

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