Duties of Brokers Prior to Entering Into Brokerage Engagement Relationships

  1. Law
  2. Georgia Code
  3. Commerce and Trade
  4. Brokerage Relationships in Real Estate Transactions
  5. Duties of Brokers Prior to Entering Into Brokerage Engagement Relationships

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All brokerage engagements must:

  1. Advise the prospective client of the types of agency relationships available through the broker;
  2. 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 may be representing other sellers and landlords in selling or leasing property or that the broker may be representing other buyers and tenants in buying or leasing other property;
  3. Advise such prospective client as to the broker's compensation and whether the broker will share such compensation with other brokers who may represent other parties to the transaction in an agency capacity; and
  4. Advise the prospective client of the broker's obligations to keep information confidential under this chapter.

(Code 1981, §10-6A-10, enacted by Ga. L. 1993, p. 376, § 1; Ga. L. 2000, p. 929, § 1.)


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