Agency
In Georgia, 'subagency' has been largely eliminated by BRRETA. What replaced it?
AA. Dual agency became mandatory
BB. Buyer's agency and designated agency were recognized as alternatives✓ Correct
CC. Transaction brokerage became the only permitted relationship
DD. All agents must represent sellers
Explanation
BRRETA significantly reduced subagency by recognizing buyer's agency as a distinct relationship. Buyers can now be represented by their own agent, eliminating the traditional MLS subagency relationship where cooperating agents represented sellers.
Related Georgia Agency Questions
- A Georgia buyer's agent who receives a home inspection report showing significant defects must:
- Under Georgia BRRETA, a licensee acting as a transaction broker owes which duties to both parties?
- Which of the following would terminate an agency relationship in Georgia?
- A buyer's agent who is offered compensation by the seller's listing broker is receiving what is known as:
- A buyer's agent who represents the buyer but is paid by the seller through a co-op commission must:
- Under Georgia's BRRETA, the 'ministerial acts' that can be performed for customers without creating an agency relationship include:
- After a listing expires in Georgia, the listing agent's duty of confidentiality to the seller:
- An agent's duty of care requires the agent to:
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