Question

Georgia law defines a transaction broker by which of the following

A. A broker who performs ministerial acts for one of the parties to a transaction
B. A broker who performs ministerial acts for one or more of the parties to a transaction
C. A broker who has entered a relationship with one of the parties to a transaction and is paid only by that party
D. A broker who is representing one or more of the parties and is paid by one or more of the parties of the transaction

Answer 1

A transaction broker is defined by Georgia law as a broker who performs ministerial tasks for both parties in a transaction, without representing either side.

Step-by-step explanation:

Georgia law defines a transaction broker as B. A broker who performs ministerial acts for one or more of the parties to a transaction. This type of broker plays a neutral role, facilitating the real estate transaction without providing representation to any party. Unlike traditional real estate brokers who work on behalf of the seller or buyer, transaction brokers provide services to both parties of a transaction without a fiduciary responsibility to either.

They assist with the paperwork and procedures necessary to complete the sale or purchase of a property. They are compensated for their services, either by one or both parties, depending on the transaction in question, but do not represent the interests of one party over the other.