Agency
Under BRRETA, can a Georgia licensee represent both the buyer and the seller in the same transaction as an 'exclusive designated agent' to each?
AA. No — this is always a dual agency situation
BB. Yes — if two different licensees in the same firm each exclusively represent one side as designated agents with proper disclosure and consent✓ Correct
CC. Only if the principal broker approves each transaction
DD. Only in commercial real estate transactions
Explanation
Designated agency allows a brokerage to represent both sides of a transaction by designating separate licensees to each client. Unlike dual agency, each designated agent acts exclusively for their own client — with their client's interests — subject to proper disclosure and consent.
Related Georgia Agency Questions
- A buyer's agent in Georgia has a duty to disclose to the buyer:
- A Georgia agent who discovers mid-transaction that a seller's material representation was false must:
- The duty of accounting in an agency relationship requires the agent to:
- When a Georgia seller instructs their listing agent NOT to disclose that the property had a previous fire, the agent should:
- A Georgia buyer's broker receives a referral from an out-of-state broker. The Georgia broker closes the transaction and is contacted by the out-of-state broker for their referral fee. The Georgia broker should:
- In Georgia, a real estate agent's duty to disclose material facts applies to:
- Apparent authority in agency law exists when:
- Under the Georgia Brokerage Relationships in Real Estate Transactions Act (BRRETA), the disclosure of brokerage relationships must be made:
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