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REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM GLOSSARY
A transaction broker is a Georgia broker who has no client relationship with any party in the transaction and performs ministerial acts for compensation without representing either side.
Real Estate Practice in Georgia
Georgia relationships
Define, distinguish, apply, retrieve
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REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEBuild the complete exam definition
Learn the rule, separate it from the nearest distractor, then apply it to a Georgia fact pattern.
What does Transaction broker mean?
A transaction broker is a Georgia broker who has no client relationship with any party in the transaction and performs ministerial acts for compensation without representing either side.
How do you separate the nearest exam answer?
A transaction broker represents neither party. A listing broker may give ministerial help to an unrepresented buyer, but remains the seller's agent, not a transaction broker in that transaction.
What changes or stays the same in Georgia?
BRRETA permits a transaction broker to account for money, disclose specified actually known adverse material facts, and perform ministerial acts without creating agency.
A broker has no client relationship with the buyer or seller and agrees to provide paid clerical assistance. The broker supplies forms and delivers the completed offer, without recommending a price or negotiating strategy to either party.
Helping an unrepresented buyer does not erase an existing seller-client relationship. Check whether the broker represents anyone before choosing transaction broker.
Pass Georgia
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDERetrieve the rule under exam conditions
Answer before reading the explanation. Then explain why every distractor belongs to a different term.
A Georgia broker has no brokerage engagement with either the buyer or the seller. The broker supplies forms, schedules the inspection, and delivers offers, but advises neither side on price or strategy. What is the broker's role?
- A
A dual agent, since the broker helps both sides
- B
A customer-level agent who owes each side client duties
- C
A transaction broker performing ministerial acts
- D
A single agent for the buyer who made the offer
A transaction broker assists without representing anyone, performing ministerial acts and the duties the statute requires. No engagement exists with either party, so there is no agency. Dual agency requires representing both sides under written engagements and consent, which is the trap here.
Mark each box only when you can perform the skill without looking.
I can define the term in one precise sentence.
I can separate it from the closest look-alike.
I can explain the Georgia rule or confirm that the national rule applies.
I can answer the practice check and explain every option.
Pass Georgia
REAL ESTATE EXAM PREPGEORGIA REAL ESTATE EXAM
GLOSSARY TERM GUIDEConnect the term to the wider exam
Use these relationships to move from isolated recall to a connected exam model.
Real Estate Practice in Georgia complete lesson
Official exam administration and content-outline source.
https://test-takers.psiexams.com/api/content/bulletin/4678GREC's official law portal links to Title 10, Chapter 6A, the Georgia agency statute.
https://grec.state.ga.us/information-research/license-law/