Final answer:
In Georgia, when two licensees from the same broker represent the buyer and seller in a transaction, it is termed as designated agency. Both clients must be informed and consent to this setup that involves specific agency relationships.
Step-by-step explanation:
In Georgia, when two licensees affiliated with the same broker are assigned to represent the buyer and the seller respectively in the same transaction, this scenario is known as designated agency. The broker is responsible for assigning each agent as a designated agent to act solely on behalf of each client's best interests. This allows the brokerage to manage a situation where their agents represent opposite sides of the transaction without breaching their fiduciary duties. It's essential that both clients are fully informed and consent to this arrangement, as it involves specific agency relationships.