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SB 425 - Brokerage Relationships in Real Est. Transactions Act-revise (22)
Kemp, Rene' D (3rd)Brown, Robert (26th)Ray, II, William M (48th)
Status SummarySC:JudyHC:IndFR:02/08/00LA:04/28/00Signed by Governor

First Reader Summary

A bill to be entitled an Act to amend Title 10 of the Official Code of Georgia Annotated, relating to commerce, so as to revise extensively the "Brokerage Relationships in Real Estate Transactions Act;" to revise and add definitions; to change the duties owed by a broker to a client, customer, seller, buyer, tenant, or landlord; to change disclosure provisions; to change the standard of skill in some circumstances; to provide for a duty of keeping certain information confidential; to provide for exceptions; to provide for a duty to disclose certain material facts regarding adverse physical conditions in the neighborhood of a property; to change provisions regarding a broker's liability for providing false information; to provide for related matters; to repeal conflicting laws; and for other purposes.

Code Sections Amended: 10

Vote #DateYeasNaysDescription
SV07722/28/00052000PASSAGE AS AMENDED

2/8/00Read 1st time2/29/00
2/24/00Favorably Reported3/14/00
AmCommittee Amend/Sub
2/25/00Read 2nd Time3/1/00
2/28/00Read 3rd Time3/16/00
CAComm/Floor Amend/Sub
4/4/00Sent To Governor
4/28/00Signed by Governor
730Act/Veto Number
7/1/00Effective Date

Code Sections

Code Sections amended: 10-6A-1, 10-6A-2, 10-6A-3, 10-6A-4, 10-6A-5, 10-6A-6, 10-6A-7, 10-6A-8, 10-6A-9 10-6A-10, 10-6A-11, 10-6A-12, 10-6A-13, 10-6A-14, 10-6A-15, 10-6A-16

Secretary of the Senate
Frank Eldridge, Jr., Secretary
Last Updated on 05/15/00