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Official Code of Georgia Annotated

Title 43. PROFESSIONS AND BUSINESSES · Chapter 40. REAL ESTATE BROKERS AND SALESPERSONS

43-40-10. Requirements for firm to be granted broker’s license.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

  1. No broker’s license shall be granted to a firm unless:

  2. (1)

    Said firm designates an individual licensed as a broker as its qualifying broker who shall be responsible for assuring that the firm and its affiliated licensees comply with the provisions of this chapter and its attendant rules and regulations; and#

  3. (2)

    Said firm authorizes its qualifying broker to bind the firm to any settlement of a contested case before the commission as defined in Chapter 13 of Title 50, the ‘‘Georgia Administrative Procedure Act,’’ in which said firm may be a named respondent.#

  4. Violations of this chapter or its rules and regulations by a firm licensed as a broker shall subject the license of the qualifying broker to sanction as authorized by this chapter. No broker’s license shall be granted to a firm unless every person who acts as a licensee for such firm shall hold a real estate license.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1933, § 84-1414, enacted by Ga. L. 1973, p. 100, § 1; Ga. L. 1974, p. 382, § 1; Ga. L. 1980, p. 1398, § 5; Ga. L. 1982, p. 1001, §§ 6, 11; Ga. L. 1984, p. 22, § 43; Ga. L. 1985, p. 360, § 6; Ga. L. 1987, p. 252, § 3; Ga. L. 1988, p. 13, § 43; Ga. L. 1993, p. 123, § 52; Ga. L. 1995, p. 1216, § 4; Ga. L. 1996, p. 6, § 43; Ga. L. 2000, p. 1527, § 14; Ga. L. 2003, p. 370, § 9; Ga. L. 2004, p. 631, § 43; Ga. L. 2006, p. 792, § 7/SB 547.

Law reviews

For article, ‘‘Real Estate Syndications As Securities in Georgia — A Review and Comments on the Recent Opinion of the Attorney General,’’ see 11 Georgia St. B. J. 80 (1974). For article, ‘‘A Response: Real Estate Syndications as Securities in Georgia,’’ see 11 Georgia St. B. J. 153 (1975).

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t43-ch33-51-(v30a)-2021-pdf.pdf, Volume V30A, 2021 edition, pages 436 to 437; merge action: carried; file SHA-256 6fb9eb45ca3a.