Agency
In Georgia, a real estate broker who is the principal (property owner) in a transaction is acting in what capacity?
AAs an agent for a client
BAs a principal for their own account — no agency relationship exists✓ Correct
CAs a dual agent automatically
DAs a subagent of the MLS
Explanation
When a broker buys or sells their own property, they are acting as a principal (owner) not as an agent. No agency relationship is created in that transaction, but they must still disclose their licensed status.
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