Agency
Under BRRETA, a designated agent is:
AA. The principal broker who oversees all transactions
BB. A licensee specifically named in the brokerage engagement agreement to represent a specific client✓ Correct
CC. Any agent licensed in Georgia
DD. An agent assigned by GREC to handle disputes
Explanation
A designated agent is a licensee specifically named in the brokerage engagement to represent a specific client. This allows the brokerage to represent both buyer and seller in the same transaction through different designated agents without full dual agency.
Related Georgia Agency Questions
- A Georgia listing agent who is aware that the seller is in financial distress and needs to sell quickly owes the buyer:
- A buyer's agent who is offered compensation by the seller's listing broker is receiving what is known as:
- Under Georgia BRRETA, a broker's agency disclosure notice must be in:
- When a listing agent receives an offer significantly below list price, the agent's duty to the seller is to:
- In Georgia, the Brokerage Engagement Agreement for buyers must be disclosed before the broker can:
- The duty of 'accounting' in a fiduciary relationship requires the agent to:
- A Georgia real estate agent who has 'actual authority' to sign a contract on behalf of a client must have:
- Under Georgia BRRETA, the minimum duties owed to ALL parties in a real estate transaction (regardless of representation) include:
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