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What does 'agency' mean in real estate?
What is the law of agency in a real estate transaction?
What is a real estate broker in Georgia?
What are the responsibilities of a real estate agent?
The law of agency in a real estate transaction defines the legal relationship between real estate professionals and their clients. Each state has its own agency laws that set forth the duties that real estate professionals owe to their clients and what disclosures need to be made to the clients.
(1) 'Agency' means every relationship in which a real estate broker acts for or represents another as a client by the latter’s written authority in a real property transaction.
The Georgia Brokerage Relationships in Real Estate Transactions Act establishes legal guidelines for Georgia brokers and customers or clients. This lesson summarizes the responsibilities of brokers to buyers, and other people with an interest in real estate property in Georgia.
Jan 1, 2024 · (1) "Agency" means every relationship in which a real estate broker acts for or represents another as a client by the latter's written authority in a real property transaction. (2) "Broker" means any individual or entity issued a broker's real estate license by the Georgia Real Estate Commission pursuant to Chapter 40 of Title 43.
As you prepare to become a real estate agent, you'll need to understand the three different types of agency and how they apply to your role. In short, the type of agency you have will determine how exactly you can represent your clients.
Jan 19, 2001 · The ABC’s of Agency: Understanding Real Estate Brokerage Relationships in Georgia 2019 Printing Real estate brokers are licensed professionals trained to help consumers buy, sell, or lease real property. The business relationship between real estate brokers and consumers can take many forms, each of which is called a brokerage relationship.
This lesson will discuss the duties and responsibilities of real estate agencies in Georgia. You'll learn about the purpose and process of agency disclosure, dual agency, all agency...
