how buyers and agents work together
BROKERAGE IN GEORGIA
• Real estate agents in Georgia are licensed and affiliated with a broker, typically as an independent contractor.
• Buyers interact with agents who are supported by their broker.
• Georgia law defines the different working relationships between agents and buyers.
• Buyers have the option to work with an agent as a“ client” or“ customer.”
CLIENT RELATIONSHIP
In a client relationship, buyers are legally represented by an agent who is contractually bound to represent their best interests in all aspects of the home buying process.
The legal agreement between a client and agent authorizes the agent to negotiate on behalf of the client.
Clients enjoy the full benefit of an agent’ s knowledge, expertise and advice.
CUSTOMER RELATIONSHIP
In a customer relationship, buyers are not legally represented by an agent during the home buying process.
Agents working with a customer are considered transaction brokers and are not authorized to negotiate on the buyer’ s behalf, offer guidance or give advice.
Duties performed by an agent working with a customer are limited to ministerial acts such as locating properties, preparing contracts and providing names of vendors.