Reversion in Geometric Algebra is defined by the property $(AB)^\sim=\tilde B\tilde A$ (for any two multivectors $A$ and $B$), along with linearity, and that it leaves scalars and vectors unchanged. Equivalently, reversion is linear and multiplies any $k$-vector by $(-1)^{k(k-1)/2}$.
If $A\tilde A=c$ is a scalar, and $c\neq0$, then $c^{-1}\tilde A$ is the unique inverse of $A$, and it follows that $\tilde AA=c$ as well. (Proof below.)
Since the algebra is finite-dimensional, the powers of $A$ must be linearly dependent. Take a polynomial $p\neq0$ of lowest degree such that $p(A)=0$, and break off the constant term: $p(x)=xq(x)+p(0)$, so we have $Aq(A)=q(A)A=-p(0)$. Multiplying by $c^{-1}\tilde A$ on one side gives $q(A)=-p(0)c^{-1}\tilde A$. If $p(0)=0$ then $q$ contradicts minimality of $p$. So $p(0)\neq0$, and we find that $\tilde A=-p(0)^{-1}cq(A)$ is a polynomial in $A$, so it commutes with $A$. Thus $A\tilde A=\tilde AA$.
So what if $c=0$?
If the algebra is the basic Euclidean one (the dot product is positive-definite), then $A\tilde A=0$ implies $A=0$, since the scalar part $\langle A\tilde A\rangle_0=\lVert A\rVert^2$ is the sum of squares of components of $A$ (with respect to the canonical basis).
If it's a spacetime algebra (the dot product is indefinite), then there are bivectors $B=-\tilde B$ with $B\tilde B=-1$. The multivector $A=1+B$ has $A\tilde A=0$ even though $A\neq0$. But in this case $\tilde AA=0$ as well. Does that always happen?