This Act became effective January 1, 1994. The Act provides for disclosure to all parties in a real estate transaction and the obligations of licensees to their customers and clients . The Act provides for agency relationships to be established whenever a client executes a brokerage engagement , authorizing a broker to represent him in a real estate transaction. Broker means any individual or entity who holds a valid real estate broker's license issued by the Georgia Real Estate Commission . This includes affiliated licensees and salespersons except where the contact of Georgia Law indicates otherwise.
Brokerage means the business or occupation of a real estate broker .
Brokerage relationship means the resulting agency formed between the broker and the client as a direct result of the brokerage engagement . Client means a person who has entered into a brokerage engagement with a real estate broker. A client could, for example, be a buyer, seller, lessor or lessee. Common source information companies means any person, firm or corporation which is a source, compiler or supplier of information regarding real estate for sale or lease and other data, including but not limited to multiple listing services . Customer means any person who has not entered into a brokerage engagement with a broker, but for whom a broker may perform ministerial acts .