Agency
A Georgia buyer's agent who learns the buyer has a higher credit score than needed for qualification must:
AShare this information with the seller to speed up the transaction
BKeep this as confidential buyer information — the buyer's financial details are protected✓ Correct
CReport to the lender immediately
DInclude it in all written communications
Explanation
Financial details of a buyer (credit score, maximum purchase price, financial strength) are confidential information that the buyer's agent must protect from the seller.
Related Georgia Agency Questions
- A buyer's agent who is offered compensation by the seller's listing broker is receiving what is known as:
- When a Georgia broker acts as a transaction broker, the broker's role is:
- In Georgia, a buyer signs a 3-month exclusive buyer representation agreement. During this time, may the buyer work with another buyer's agent?
- A Georgia real estate agent who has 'actual authority' to sign a contract on behalf of a client must have:
- A Georgia agent who inadvertently creates an agency relationship with a buyer (without a written agreement) should:
- A Georgia agent who discovers mid-transaction that a seller's material representation was false must:
- 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:
- The duty of obedience in a fiduciary relationship requires the agent to:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →