Pennsylvania § 7102 - Definitions.
Full text of Pennsylvania Pennsylvania Consolidated Statutes § 7102 — Definitions., with citation guidance and answers to common questions.
§ 7102. Definitions.
Subject to additional definitions contained in subsequent provisions of this part which are applicable to specific provisions of this part, the following words and phrases when used in this part shall have the meanings given to them in this section unless the context clearly indicates otherwise:
"Agent." Any broker, associate broker or salesperson, as defined in the act of February 19, 1980 (P.L.15, No.9), known as the Real Estate Licensing and Registration Act.
"Agreement of transfer." A contract between a buyer and seller setting forth the terms of a residential real estate transfer.
"Buyer." Any person receiving any estate or interest in real property in a transfer subject to this part.
"Commission." The State Real Estate Commission.
"Final settlement." The time at which the buyer and seller have signed and delivered all papers and consideration necessary to convey title to the estate or interest in real property being conveyed.
"Material defect." A problem with a residential real property or any portion of it that would have a significant adverse impact on the value of the property or that involves an unreasonable risk to people on the property. The fact that a structural element, system or subsystem is near, at or beyond the end of the normal useful life of such a structural element, system or subsystem is not by itself a material defect.
"Seller." Any person transferring any estate or interest in residential real property in a transfer subject to this part.
"Storm water facility." A basin, pond, ditch, drain, swale, culvert, pipe or other manmade feature of land which was constructed in accordance with Federal, State or local law or regulation to temporarily or permanently convey or manage storm water.
(June 19, 2015, P.L.23, No.6, eff. imd.)
2015 Amendment. Act 6 added the def. of "storm water facility."
Cross References. Section 7102 is referred to in sections 7502, 7508 of this title.
Frequently Asked Questions About Pennsylvania § 7102
What does Pennsylvania Consolidated Statutes § 7102 cover?
Section 7102 ("Definitions.") is part of the Pennsylvania Consolidated Statutes, the codified statutory law of Pennsylvania. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Pennsylvania § 7102?
A common citation format is "Pennsylvania Consolidated Statutes § 7102" (Pennsylvania). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Pennsylvania law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Pennsylvania official source linked on this page or consult a licensed Pennsylvania attorney.
How does Pennsylvania § 7102 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Pennsylvania can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Pennsylvania.