Agency
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:
AA. Waive all legal fees since they are already receiving a commission
BB. Clearly differentiate their roles and ensure appropriate disclosures for dual professional services✓ Correct
CC. Choose only one role — agent or attorney — for the transaction
DD. Obtain GREC approval before providing legal services
Explanation
A licensee who is also an attorney must clearly differentiate their roles and make appropriate disclosures in both capacities. Conflicts of interest must be managed carefully when providing both real estate and legal services to the same client.
Related Georgia Agency Questions
- A Georgia real estate broker who acts as a property manager for a client is acting in what capacity?
- Under Georgia BRRETA, a licensee acting as a transaction broker owes which duties to both parties?
- Georgia's BRRETA does NOT apply to:
- An agent's duty of care requires the agent to:
- If a buyer asks a listing agent (seller's agent) if the seller will accept a lower offer, the agent should:
- In Georgia, a referral fee paid from one broker to another for directing a client is:
- Dual agency in Georgia under BRRETA requires:
- An agent who tells a potential buyer 'This property will double in value within 2 years' is making:
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