§ 10-6A-14. Ministerial Acts Explained; Required Actions of Transaction Brokers; False Information
A broker acting as a transaction broker may provide assistance to buyers, sellers, tenants, and landlords by performing ministerial acts. Examples of ministerial acts which can be performed by the transaction broker on behalf of any of the parties in a real estate transaction include without limitation the following: Identifying property for sale, lease, or […]
§ 10-6A-15. Affiliation With Common Source Information Company
Except as may be provided in a written agreement between the parties, a broker shall not be deemed to have an agency relationship with a common source information company. No broker shall be deemed to be a subagent of any client of another broker solely by reason of membership or other affiliation by such brokers […]
§ 10-6A-16. Regulation
Nothing contained in this chapter shall limit the Georgia Real Estate Commission in its regulation of brokers and the broker’s affiliated licensees pursuant to Chapter 40 of Title 43 and the substantive rules and regulations adopted by the commission pursuant thereto. History. Code 1981, § 10-6A-14 , enacted by Ga. L. 1993, p. 376, § […]
§ 10-6A-4. Broker’s Legal Relationship to Customers or Clients
A broker who performs brokerage services for a client or customer shall owe the client or customer only the duties and obligations set forth in this chapter, unless the parties expressly agree otherwise in a writing signed by the parties. A broker shall not be deemed to have a fiduciary relationship with any party or […]
§ 10-6A-5. Duties and Responsibilities of Broker Engaged by Seller
A broker engaged by a seller shall: Perform the terms of the brokerage engagement made with the seller; Promote the interests of the seller by: Seeking a sale at the price and terms stated in the brokerage engagement or at a price and terms acceptable to the seller; provided, however, the broker shall not be […]
§ 10-6A-6. Duties of Broker Engaged by Landlord
A broker engaged by a landlord shall: Perform the terms of the brokerage engagement made with the landlord; Promote the interests of the landlord by: Seeking a tenant at the price and terms stated in the brokerage engagement or at a price and terms acceptable to the landlord; provided, however, the broker shall not be […]
§ 10-6A-7. Duties of Broker Engaged by Buyer
A broker engaged by a buyer shall: Perform the terms of the brokerage engagement made with the buyer; Promote the interests of the buyer by: Seeking a property at a price and terms acceptable to the buyer; provided, however, the broker shall not be obligated to seek other properties for the buyer while the buyer […]
§ 10-6A-8. Duties of Broker Engaged by Tenant
A broker engaged by a tenant shall: Perform the terms of the brokerage engagement made with the tenant; Promote the interests of the tenant by: Seeking a property to lease at a price and terms acceptable to the tenant; provided, however, the broker shall not be obligated to seek other properties for the tenant while […]
§ 10-6A-9. Duration of Relationships Between Brokers and Clients
The relationships set forth in Code Sections 10-6A-4 through 10-6A-8 and Code Sections 10-6A-12 and 10-6A-13 shall commence at the time that the client engages the broker, and shall continue until: Completion of performance of the engagement; or If paragraph (1) of this subsection is not applicable, then the earlier of: Any date of expiration […]
§ 10-6A-10. Duties of Brokers Prior to Entering Into Brokerage Engagement Relationships
All brokerage engagements must: Advise the prospective client of the types of agency relationships available through the broker; Advise such prospective client of any brokerage relationships held by such broker with other parties which would conflict with any interests of the prospective client actually known to the broker but excluding the fact that the broker […]