What is the role of the Pennsylvania Real Estate Commission?

The Pennsylvania Real Estate Commission plays a crucial role in overseeing the real estate industry within the state. Its primary responsibility is to regulate real estate practices and enforce the laws pertaining to real estate transactions. This includes issuing licenses to real estate professionals, establishing educational requirements, monitoring compliance with real estate laws, and taking disciplinary actions against those who violate these laws.

By ensuring that real estate transactions are conducted fairly and in accordance with legal standards, the Commission protects consumers and maintains the integrity of the real estate market in Pennsylvania. This regulatory framework helps to create a level playing field for all professionals involved and promotes ethical practices in the industry.

Other choices outline activities that the Real Estate Commission does not handle. For instance, licensing teachers falls under the purview of the Department of Education; arbitrating disputes between buyers and sellers is often handled by mediation services or courts; and providing financial loans is a function of financial institutions, not a regulatory body.