In Georgia, the Brokerage Relationships in Real Estate Transactions Act (BRRETA) requires:
Question & Answer
Review the question and all answer choices
Oral agency disclosure only
A is incorrect because BRRETA requires written disclosure, not oral disclosure. Oral agreements are difficult to prove and may not adequately inform all parties about their agency relationships.
Written disclosure of brokerage relationships
No disclosure requirements
C is incorrect because Georgia has specific disclosure requirements under BRRETA. No disclosure would leave consumers uninformed about who represents whom in a transaction.
Disclosure only to buyers
D is incorrect because disclosure is required to all parties, including both buyers and sellers, not just buyers. This ensures transparency in all real estate transactions.
Why is this correct?
B is correct because Georgia's BRRETA specifically requires written disclosure of brokerage relationships to all parties involved in a real estate transaction. This written requirement creates a clear, documented record of agency relationships that protects both consumers and license professionals.
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