AgencyMEDIUM
In Georgia, a designated agent is:
Correct Answer
B) An affiliated licensee assigned to represent one party in a dual agency situation
In Georgia, designated agency allows a broker to assign different affiliated licensees to represent each party in an in-house transaction.
Answer Options
A
A broker who represents both partiesB
An affiliated licensee assigned to represent one party in a dual agency situationC
A licensee who only handles paperworkD
An unlicensed assistantVideo Explanation3 min
Audio Lesson3 min
Study Infographics
Why This Is the Correct Answer
Sign up free to unlock full analysis
Why the Other Options Are Wrong
Sign up free to unlock full analysis
Deep Analysis of This Agency Question
Sign up free to unlock full analysis
Background Knowledge for Agency
Sign up free to unlock full analysis
Sign up free to unlock full analysis
Real World Application in Agency
Sign up free to unlock full analysis
Related Topics & Key Terms
Related Topics:
dual-agency-disclosurefiduciary-dutiesbrokerage-operations
Key Terms:
designated agencyGeorgia BRRETAdual agencyaffiliated licenseeO.C.G.A. § 10-6A
Was this explanation helpful?
More Agency Questions
Which duty requires an agent to keep the principal informed of all material facts?
Under agency law in Nevada, dual agency is:
Under agency law in Hawaii dual agency is:
All correctly describe listing brokers and property managers except:
A New York dual agent must have:
- → Vermont requires agency disclosure:
- → Vermont real estate licensees are regulated by the:
- → Under California law, dual agency is:
- → Listing broker learns prospective buyer owes delinquent child support. Which duty requires disclosure to seller?
- → Under agency law in NH, disclosed dual agency is:
- → If a 16-year-old emancipated minor wishes to sell real property, their broker may:
- → All of the following actions create an agency relationship, except:
- → An agency relationship in real estate is terminated in multiple ways. All of the following are likely to be the cause of termination of an agency relationship, except:
- → Real estate brokers are required to have written employment contracts with:
- → A licensed real estate salesperson is primarily responsible to: