Agency
Under Georgia's BRRETA, a broker who represents the seller also becomes the buyer's agent when:
AThe seller's listing expires
BThe buyer submits an offer on the listed property
CWritten consent to dual agency is given by both parties✓ Correct
DThe transaction closes
Explanation
In Georgia, a broker cannot represent both parties without written informed consent to dual agency from both the buyer and seller. Simply receiving an offer from a buyer does not automatically create a dual agency.
Related Georgia Agency Questions
- Under BRRETA, when does a Georgia buyer's brokerage engagement typically terminate?
- Georgia's Brokerage Relationships in Real Estate Transactions Act (BRRETA) requires agency disclosure:
- Under Georgia BRRETA, a licensee acting as a transaction broker owes which duties to both parties?
- In which scenario is an agent MOST likely to have a conflict of interest?
- Under the NAR Code of Ethics (which many Georgia REALTORS follow), REALTORS must:
- A Georgia real estate agent's authority is typically limited to the authority granted in the:
- Which of the following is NOT a way an agency relationship in Georgia can be terminated?
- A listing agent who tells a buyer that 'the seller is desperate and will accept far less' has violated which duty?
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