Final answer:
The key difference between a Georgia exclusive and a non-exclusive buyer's agreement is in the buyer's obligations regarding exclusivity; an exclusive agreement requires the buyer to work only with one agent, while a non-exclusive agreement allows them to work with multiple agents.
Step-by-step explanation:
The difference between a Georgia exclusive and a non-exclusive buyer's agreement lies in the buyer's obligations towards working with real estate agents. In an exclusive agreement, the buyer is obligated to work solely with one agent for the duration of the contract and cannot buy a property through another agent without compensating the exclusive agent. Conversely, with a non-exclusive agreement, the buyer is free to work with multiple agents and is not bound to compensate the initiating agent if they purchase through someone else.
In summary, while both types of agreements can have similar durations, cover any number of properties, and stipulate compensation to the agent, the key difference is with the exclusivity and the resulting obligations that the buyer has towards the agent. An exclusive agreement restricts the buyer to a single agent, whereas a non-exclusive agreement allows the buyer to work with others.