Agency
In Georgia, what document must be presented to a buyer at the first substantial contact?
AA buyer brokerage agreement
BA disclosure of agency relationships (Brokerage Relationships in Real Estate Transactions Act notice)✓ Correct
CA seller's property disclosure
DA lead-based paint disclosure
Explanation
Under Georgia's Brokerage Relationships in Real Estate Transactions Act (BRRETA), a broker must present the agency disclosure notice to prospective buyers at the first substantial contact to explain available brokerage relationships.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
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