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Ga Agency BrretaDesignated_agency_gaHARD

At Coastal Realty, agent Martinez has listed the Thompson residence. Agent Kim from the same firm is working with buyer Wong who is interested in the property. Broker Davis explains the options to both parties. If the parties choose designated agency, when must the Designated Agency Disclosure be provided?

Correct Answer

C) Prior to the parties entering into designated agency

Under O.C.G.A. § 43-40-25, the Designated Agency Disclosure must be provided prior to the parties entering into the designated agency relationship. This ensures informed consent before the arrangement begins. A is incorrect because designated agency may not be contemplated initially. B is incorrect timing as disclosure must occur before the relationship is established. D is incorrect because disclosure must occur much earlier in the process.

Answer Options
A
At the initial client consultation
B
Before any designated agent shows confidential client information
C
Prior to the parties entering into designated agency
D
At the closing of the transaction

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Related Topics & Key Terms

Key Terms:

disclosure_timingdesignated_agencyinformed_consent

Related Concepts

The fiduciary obligation to protect a client's private information and not disclose it to third parties without permission, surviving even after the agency relationship ends.

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.

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