Agency
Which of the following best describes 'designated agency' under Georgia law?
AOne broker represents both buyer and seller without disclosure
BThe broker assigns different agents within the same firm to represent each party separately✓ Correct
CA subagent is designated to handle closing
DGREC designates which broker represents the public
Explanation
Designated agency occurs when a broker assigns different licensees within the same firm to represent the buyer and seller separately, allowing each client to receive undivided loyalty from their designated agent.
Related Georgia Agency Questions
- In Georgia, a broker may pay a referral fee to an out-of-state agent for referring a client if:
- Under Georgia's BRRETA, which of the following is a duty owed by a buyer's broker to their client?
- A Georgia agent who discovers mid-transaction that a seller's material representation was false must:
- Under Georgia's BRRETA, a licensee who has not entered into a brokerage engagement with any party is acting as:
- A Georgia seller's agent owes which duties to the buyer?
- Misrepresentation by a real estate agent that is unintentional (honest mistake) is known as:
- An agent's duty of confidentiality in Georgia survives:
- Under Georgia BRRETA, which duty does a seller's agent NOT owe to the buyer?
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