Agency
A designated agency arrangement in Georgia means:
ABoth agents in a firm represent both parties
BOne agent within a brokerage represents the buyer while a different agent represents the seller, even though both work for the same broker✓ Correct
CThe broker personally represents both parties
DAn out-of-state agent is designated to handle the transaction
Explanation
In Georgia designated agency, the broker designates one licensee affiliated with the firm to represent the buyer and a different licensee to represent the seller. This allows each party to have dedicated representation within the same brokerage.
Related Georgia Agency Questions
- Under Georgia's BRRETA, a broker who represents the seller also becomes the buyer's agent when:
- The BRRETA provision that limits the ability to create agency by implication is known as:
- A Georgia buyer's broker receives a referral from an out-of-state broker. The Georgia broker closes the transaction and is contacted by the out-of-state broker for their referral fee. The Georgia broker should:
- Under BRRETA, which of the following is a duty an agent owes to ALL parties (clients and customers)?
- In Georgia, a buyer who purchases a property through an agent of the seller is considered a:
- A Georgia real estate agent who is a licensed attorney and provides legal services to the same client they represent in a real estate transaction must:
- Dual agency in Georgia under BRRETA requires:
- Which of the following would NOT constitute material information that a Georgia buyer's agent must disclose?
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