Chapter 13 of 1440% of exam
Real Estate Practice in Georgia
This section addresses how agency and transactions operate under Georgia law. BRRETA defines the duties licensees owe.
Brokerage Relationships (BRRETA)
Georgia's Brokerage Relationships in Real Estate Transactions Act (BRRETA) defines the duties owed to clients and customers. Clients receive statutory duties including loyalty, obedience, disclosure, confidentiality, and accounting, while customers receive honesty and disclosure of material facts. Written agreements establish the relationship.
Handling Transactions
Licensees must present offers promptly, disclose material facts, and handle trust funds properly. Dual agency is permitted only with informed written consent of all parties. Proper documentation and disclosure protect both consumers and the licensee.