Which type of agency is NOT recognized in Georgia?

In Georgia, undisclosed dual agency is not recognized as a valid form of agency. In the context of real estate, dual agency occurs when a broker represents both the buyer and the seller in a transaction. While dual agency is permissible in Georgia, it requires full disclosure to both parties. This ensures that all parties are aware of the broker's role and any potential conflicts of interest.

Undisclosed dual agency implies that one party is unaware that the broker is representing both sides, which would violate the ethical standards and legal requirements for disclosure in real estate transactions. The law stipulates that both the buyer and seller must consent to dual agency after being informed of the circumstances.

On the other hand, dual agency, single agency, and designated agency are all recognized in Georgia. Single agency refers to a situation where a broker represents only one party in a transaction, ensuring loyalty and advocacy for that client. Designated agency allows a broker to assign specific agents to represent either the buyer or the seller within the same brokerage, thereby maintaining a clear line of representation while still acting within the same firm.

Understanding these distinctions is crucial for real estate professionals in Georgia to ensure compliance with the law and to maintain trust with clients.