Agency
In Georgia, a buyer who purchases a property through an agent of the seller is considered a:
AA. Client of the seller's agent
BB. Customer of the seller's agent✓ Correct
CC. Sub-client of the seller
DD. Co-principal in the transaction
Explanation
Without a buyer's representation agreement, the buyer is a customer (not a client) of the seller's agent. The seller's agent owes the buyer honest dealing and disclosure of material facts but does not owe fiduciary duties.
Related Georgia Agency Questions
- A buyer's agent discovers that a seller has priced their home significantly below market value. The agent should:
- Under BRRETA, a buyer's broker who is paid by the seller through the listing broker is considered to represent:
- Under Georgia BRRETA, when a broker changes the type of agency relationship being offered to a client during a transaction, the broker must:
- Which of the following is an example of an expressed agency relationship?
- A Georgia licensee who has a buyer seeking to purchase a property that the licensee personally owns should:
- In Georgia, the Brokerage Engagement Agreement for buyers must be disclosed before the broker can:
- Apparent authority in agency law exists when:
- In which scenario is an agent MOST likely to have a conflict of interest?
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