Industry News

Real estate agents free to cross state lines

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Realtors in Pennsylvania soon may be able to cross state lines for a home sale after a new law permitting license reciprocity agreements takes effect Feb. 28. Governor Ed Rendell passed a law that gives the Pennsylvania Real Estate Commission the authority to enter license agreements with other states that have similar laws. The agreements enable consumers to work with one realty agent throughout the home-buying and selling process, even if they cross state borders. More than 30 states, including Pennsylvania neighbors New York, Ohio and West Virginia, have reciprocity laws, according to the Association of Real Estate License Law Officials. License reciprocity is an example of how technology has pushed the real estate business beyond neighborhood boundaries and often across state lines. Advances in the Internet, virtual home tours, online transaction management systems and e-signature technology have even enabled many home buyers to close real estate transactions remotely, someti...