Agency
Under Georgia BRRETA, the minimum duties owed to ALL parties in a real estate transaction (regardless of representation) include:
AFull fiduciary duties
BHonesty, disclosure of material facts, and fair dealing✓ Correct
CLoyalty and confidentiality
DNo duties to unrepresented parties
Explanation
BRRETA requires all brokers to be honest with all parties, disclose adverse material facts about the property, and deal fairly — even with parties they do not represent.
Related Georgia Agency Questions
- Which of the following is an example of an expressed agency relationship?
- In Georgia, which fiduciary duty requires an agent to place the client's interests above their own?
- A buyer's agent who represents the buyer but is paid by the seller through a co-op commission must:
- The term 'fiduciary' comes from the Latin word for:
- When a Georgia broker acts as a transaction broker, the broker's role is:
- When a listing agent presents multiple offers to a seller, the agent must:
- A Georgia agent who represents a buyer in a transaction where the agent's own firm listed the property is engaged in:
- A buyer specifically asks their agent to keep their maximum purchase price confidential. The agent must:
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