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Ga Agency BrretaDual_agency_gaEASY

Which statement correctly describes dual agency under Georgia's BRRETA?

Correct Answer

C) Dual agency arises when the broker or firm represents both sides of a transaction and requires informed written consent from all affected clients.

Under O.C.G.A. § 10-6A-12, dual agency occurs when a broker or brokerage firm represents both the buyer and the seller in the same transaction. BRRETA requires that the broker obtain informed written consent from all affected clients before acting as a dual agent. This consent requirement exists because dual agency creates inherent conflicts of interest that clients must knowingly accept.

Answer Options
A
In dual agency, the broker may disclose either client's confidential bottom-line price to the other party to facilitate the transaction.
B
Dual agency and transaction brokerage are interchangeable terms under BRRETA because both involve limited service to the parties.
C
Dual agency arises when the broker or firm represents both sides of a transaction and requires informed written consent from all affected clients.
D
Dual agency is automatically created whenever two licensees affiliated with the same brokerage firm work on any transactions in the same office location.

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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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