Agency
Under BRRETA, a Georgia agent who represents both a buyer and seller in the same transaction as a disclosed dual agent must:
AA. Negotiate on behalf of both parties equally
BB. Refrain from advocating for either party and facilitate the transaction without taking sides✓ Correct
CC. Represent only the seller since the seller pays the commission
DD. Transfer the buyer to another agent in the same office
Explanation
A disclosed dual agent in Georgia must refrain from advocating for one party over the other. The dual agent facilitates the transaction, provides information to both sides, but does not negotiate advantages for either party.
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Key Terms to Know
Dual Agency
A situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate 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.
Math Concepts
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