When must a broker provide written disclosures of agency relationships?

Prepare for the Georgia Laws and Rules Exam with flashcards and multiple choice questions. Every question includes hints and explanations. Get ready for your success!

The correct answer is grounded in the necessity for transparency and clarity in agency relationships as outlined in Georgia law. According to the rules governing real estate transactions in Georgia, a broker is required to provide written disclosures of agency relationships at the first substantive discussion about a specific property. This is pivotal because it establishes the nature of the relationship between the broker and the client from the outset, ensuring that all parties involved are aware of their rights and obligations.

Providing these disclosures early in the process helps prevent misunderstandings and promotes trust. It allows clients to make informed decisions as they engage in real estate discussions or negotiations. By addressing agency relationships before any formal agreements are made, brokers can facilitate a smoother transaction process and uphold professional standards set forth by regulatory authorities.

Other options suggest timing that does not align with regulatory requirements. For instance, waiting until after a contract is signed or only providing disclosures when asked compromises the principle of informed consent and could lead to conflicts or dissatisfaction among clients. Moreover, disclosing relationships at the closing stage fails to allow for prior understanding of the broker's role, which is essential for a transparent real estate transaction.

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