ORAL DISCLOSURE

Act 47 of 2000 permits licensees to provide an oral disclosure of the Consumer Notice on the telephone provided it is followed up with a written Consumer Notice at the first meeting with a consumer.

NOTE: This oral disclosure may not be used in leasing transactions by owners/landlords, their employees, or their agents.

The language of the oral disclosure is as follows and must be read verbatim:

"The Real Estate Disclosure Law requires that I provide you with a written consumer notice that describes the various business relationship choices that you may have with a real estate licensee. Since we are discussing real estate without you having the benefit of the Consumer Notice, I have the duty to advise you that any information you give me at this time is not considered to be confidential, and any information you give me will not be considered confidential unless and until you and I enter into a business relationship. At our first meeting, I will provide you wtih a written Consumer Notice which explains those business relationships and my corresponding duties to you."