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In theory no, in practice, yes. Every emperor including Augustus, had advisers and intimates who consulted and helped with the rule. According to Syme, Augustus had Agrippa, Maecenas and Livia as part of his ruling counsel, which constituted an oligarchy.
A republic is a government where the people have elected or nominated a president. The people as well as the president have power together.
They would have consul it
Republic. A republic is a government in which the power is held by the people, who elect other people to represent them.
The Roman Republic was established in 509 BC when the Roman Monarchy was overthrown, and was itself overthrown in 27 BC as a result of the Civil War that followed the assasination of Julius Caesar. It was replaced by the Imperial government of Augustus Ceaser and his successors.