A buyer has signed an Exclusive Buyer Brokerage Agreement with ABC Realty. The buyer wants to purchase a property listed by another agent within ABC Realty. ABC Realty's company policy assigns separate agents to represent each party in in-house transactions. Under BRRETA, what brokerage relationship exists in this situation?
Correct Answer
D) Designated agency with separate agents representing each party
Under BRRETA (O.C.G.A. § 10-6A-12), when a brokerage firm represents both the buyer and seller in the same transaction, the firm may use designated agency, where the broker assigns separate licensees to represent each party independently. When the firm's policy establishes designated agency for in-house transactions, each designated agent owes full client-level duties to their respective party, avoiding the conflicts inherent in dual agency.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
More Ga Agency Brreta Questions
Under Georgia's BRRETA, which statement accurately describes a broker's obligations regarding confidential information when a dual agency relationship has been established?
Agent Lisa represents buyer Kevin under a written buyer brokerage engagement. During their property search, they encounter a home listed by Lisa's brokerage where Lisa would be the dual agent. What disclosure requirements must Lisa fulfill?
Under Georgia law, which of the following best describes how dual agency is created and what is required for it to be valid?
A Georgia broker realizes mid-transaction that dual agency may have been created without proper consent. Under BRRETA, which statement correctly addresses the consent requirements for dual agency?
In Georgia, when can a brokerage firm establish designated agency?
- → Under Georgia's BRRETA, which of the following accurately describes the legal effect of performing ministerial acts for a party in a real estate transaction?
- → Under Georgia's BRRETA, which of the following best describes the duties a licensee owes to a customer (a party who has NOT entered into a brokerage engagement)?
- → A newly licensed Georgia agent asks her broker to explain the primary obligation that distinguishes designated agency from dual agency when a single firm represents both parties. Which answer best describes this key distinction?
- → Under Georgia's BRRETA, which statement accurately describes the relationship between compensation and brokerage status?
- → Under BRRETA, which statement correctly describes the scope and effect of ministerial acts performed by a Georgia licensee?
- → Agent Sarah is working as a transaction broker for both buyer and seller in a residential sale. The buyer asks Sarah what she thinks the property is worth compared to the listing price. Under BRRETA, how should Sarah respond?
- → Under Georgia's BRRETA, which statement about dual agency is NOT correct?
- → Under Georgia's BRRETA, what distinguishes a 'client' from a 'customer' in a real estate transaction?
- → Under BRRETA, if a brokerage relationship needs to change from one type to another during the course of a transaction, what does Georgia law require?
- → A Georgia brokerage firm uses designated agency, assigning Agent Lopez to represent the seller and Agent Marsh to represent the buyer. Agent Lopez unexpectedly becomes unavailable mid-transaction. Which statement best describes the firm's obligations under BRRETA?
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Previous Question
Broker Sarah represents seller Johnson under a listing agreement. Sarah learns from Johnson that the home has a recurring roof leak, but this defect does not appear on the seller's property disclosure form. A prospective buyer at an open house asks Sarah about any known property defects. What is Sarah's obligation under BRRETA?
Next Question
First-time homebuyer Chen contacts agent Rodriguez about viewing several properties. Rodriguez shows Chen three homes but has not discussed representation or had Chen sign any agreements. Under BRRETA, what is Rodriguez's relationship with Chen?