Agency
Which of the following would terminate an agency relationship in Georgia?
AA change in property asking price
BCompletion of the purpose of the agency (e.g., a sale closes)✓ Correct
CThe agent takes a vacation
DA competing offer is received
Explanation
An agency relationship is automatically terminated when its purpose is accomplished (e.g., the sale closes). Other termination events include expiration of the agreement, mutual agreement, death of a party, or destruction of the property.
Related Georgia Agency Questions
- A Georgia agent's fiduciary duty survives which of the following?
- A Georgia buyer's broker who learns that the buyer intends to use the property for an illegal purpose should:
- A seller's agent in Georgia owes which duty to an unrepresented buyer?
- A Georgia listing agent who is aware that the seller is in financial distress and needs to sell quickly owes the buyer:
- The duty of loyalty in a seller's agency requires the agent to:
- In Georgia, a transaction where no written buyer brokerage agreement exists and the buyer works with a cooperating broker is governed by:
- A buyer's agent who discovers that a comparable sale used to price the subject property was not truly comparable must:
- Under BRRETA, a listing agent's duty to the seller includes all of the following EXCEPT:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →