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Ga Agency BrretaDesignated_agency_gaHARD

Agent Lisa works for ABC Realty and has been representing buyer Jennifer. Jennifer decides she wants to make an offer on a property listed by Agent Mark, who also works for ABC Realty. What must happen before designated agency can be established?

Correct Answer

A) The broker must obtain written informed consent from both Jennifer and the seller

Correct: Written informed consent from all parties is required before designated agency can be established in Georgia. B is incorrect because designated agency allows Lisa to continue representing Jennifer. C is incorrect because commission adjustments are not required for designated agency. D is incorrect because designated agency is specifically designed to avoid dual agency situations.

Answer Options
A
The broker must obtain written informed consent from both Jennifer and the seller
B
Lisa must withdraw from representing Jennifer
C
Mark must reduce his commission to avoid conflicts
D
Both agents must become dual agents

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Related Topics & Key Terms

Key Terms:

written_consentdesignated_agencysame_firm

Related Concepts

In real estate, a client is someone to whom the agent owes fiduciary duties through an agency relationship, while a customer is a third party to whom the agent owes only honesty and fair dealing.

An arrangement where a brokerage assigns separate agents within the firm to represent the buyer and seller in the same transaction, allowing each client to have dedicated representation.

A situation where a single agent or brokerage represents both the buyer and the seller in the same real estate transaction.

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