Agency
A buyer's agent in Georgia has a duty to disclose to the buyer:
AAny confidential information about the seller provided by the seller
BMaterial facts about the property that could affect the buyer's decision✓ Correct
CThe seller's bottom-line acceptable price
DPersonal opinions about the neighborhood
Explanation
A buyer's agent must disclose material facts about the property that could affect the buyer's decision, including known defects. They must not disclose confidential seller information learned during negotiations.
Related Georgia Agency Questions
- Under BRRETA, can a Georgia licensee represent both the buyer and the seller in the same transaction as an 'exclusive designated agent' to each?
- Under BRRETA, can a brokerage represent both a buyer and a seller in the same transaction?
- If a buyer asks a listing agent (seller's agent) if the seller will accept a lower offer, the agent should:
- A Georgia broker who fails to disclose a known material defect to a buyer is most likely guilty of:
- A Georgia real estate broker who acts as a property manager for a client is acting in what capacity?
- Under the NAR Code of Ethics (which many Georgia REALTORS follow), REALTORS must:
- In Georgia, who is considered the principal in a listing agreement?
- Georgia's BRRETA law allows for which types of brokerage relationships?
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