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Ga Agency BrretaDual_agency_gaMEDIUM

At Chattahoochee Homes in Woodstock, a licensee raises a state-law issue. Example 8 is under review. The office is debating the claim that in dual agency, the broker may disclose either client’s confidential bottom line to get the deal done. It is comparing that claim with the rule that late or missing informed consent is a serious relationship problem because dual agency cannot simply be assumed after the fact. The review topic is how dual agency can arise and what informed written consent must accomplish. Which statement is correct?

Correct Answer

D) Late or missing informed consent is a serious relationship problem because dual agency cannot simply be assumed after the fact.

Consent must be informed and properly obtained; it is not a retroactive formality. Source: BRRETA, O.C.G.A. Title 10, Chapter 6A; current Georgia brokerage practice materials.

Answer Options
A
In dual agency, the broker may disclose either client’s confidential bottom line to get the deal done.
B
Dual agency and transaction brokerage are interchangeable because neither one requires any disclosure.
C
Dual agency exists automatically whenever two licensees from the same firm work in the same office.
D
Late or missing informed consent is a serious relationship problem because dual agency cannot simply be assumed after the fact.

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Related Topics & Key Terms

Key Terms:

georgiastate_portiondual_agency_gaga_agency_and_brreta

Related Concepts

The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.

The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.

The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.

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