Agency
A Georgia listing broker must disclose which of the following to a prospective buyer even if the seller instructs otherwise?
AThe seller's motivation for selling
BThe seller's minimum acceptable price
CKnown material defects in the property✓ Correct
DThe amount of equity the seller has in the home
Explanation
Georgia law requires disclosure of known material defects to all parties in a transaction. This duty cannot be waived by the seller's instructions because it protects the public interest.
Related Georgia Agency Questions
- In Georgia, a seller's agent who 'puffs' about a property (e.g., 'this is the best house in the city') is:
- Georgia's BRRETA law allows for which types of brokerage relationships?
- An agent who represents neither the buyer nor the seller but facilitates the transaction is called a:
- In Georgia, a broker who represents both the buyer and seller in the same transaction is called a:
- The BRRETA provision that limits the ability to create agency by implication is known as:
- Dual agency in Georgia under BRRETA requires:
- An agent's duty of confidentiality in Georgia survives:
- Under the duty of obedience, an agent must follow the client's instructions EXCEPT when those instructions are:
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