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Real estate glossaryGeorgia-specific rule

Dual agency

Dual agency occurs when one broker represents both buyer and seller in the same transaction.

Exam area: Real Estate Practice in Georgia

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What does “dual agency” mean in real estate?

Dual agency occurs when one broker represents both buyer and seller in the same transaction. Georgia permits it only with the informed written consent of all affected clients and the disclosures required by BRRETA.

How is “dual agency” different from the closest wrong answer?

Dual agency involves one broker on both sides. Designated agency assigns separate affiliated licensees to the respective clients.

What is the Georgia-specific rule?

Georgia requires written consent from every client. A verbal acknowledgment or a disclosure signed by only one side is not enough.

Worked exam example

Scenario

The same broker has signed engagements with both parties and gives each the statutory written disclosure before they consent to the broker's limited role.

What is the most common exam trap?

Trap correction

Consent must be both informed and written. Do not accept an answer that relies only on the parties knowing the broker works with both sides.

Original exam check

Apply the definition

A Georgia broker has signed brokerage engagements with both the buyer and the seller of the same house. The seller signed the dual agency consent form. The buyer said out loud that the arrangement is fine but has not signed. What else is required?

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Related terms to learn next

Designated agency

Designated agency is a Georgia arrangement in which a broker assigns one affiliated licensee to represent one client and another affiliated licensee to represent the opposing client in the same transaction.

Brokerage engagement

A brokerage engagement is a written contract in which a seller, buyer, landlord, or tenant becomes a client of a Georgia broker and the parties state the brokerage services, duties, terms, and compensation arrangement.

Fiduciary duty

Fiduciary duty is the heightened obligation of loyalty, obedience within lawful authority, disclosure, confidentiality, accounting, and reasonable care that an agent owes the principal, as shaped by statute and agreement.

BRRETA

BRRETA is Georgia's Brokerage Relationships in Real Estate Transactions Act.

Recommended next complete lesson

Continue with Real Estate Practice in Georgia complete lesson. It places this term inside the full rule, worked examples, exam traps, and mixed practice required for mastery.
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