Agency
Under Georgia BRRETA, a broker's agency disclosure notice must be in:
AVerbal form only
BWriting and presented to the prospective buyer or seller✓ Correct
CA format approved by GREC quarterly
DBoth English and Spanish
Explanation
Georgia's BRRETA requires the agency disclosure to be in writing and provided to prospective buyers and sellers at the time of first substantial contact. The disclosure must be a separate document or form.
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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.
State-Specific Concepts
GREC Regulation
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