Agency
In Georgia, a transaction broker's role is different from an agent's in that the transaction broker:
AA. Is hired by both buyer and seller equally
BB. Facilitates the transaction without representing or advocating for either party✓ Correct
CC. Represents the side that pays the most
DD. Only handles paperwork and has no other duties
Explanation
A transaction broker in Georgia is not an agent for either party — they facilitate the transaction, provide services to both sides, and help complete the transaction without representing or advocating for either buyer or seller. Both parties are customers, not clients.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
AgencyA legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
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