---
title: O.C.G.A. § 43-40-10. Requirements for firm to be granted broker’s license.
collection: code
id: 43-40-10
cite_as: O.C.G.A. § 43-40-10 (2025)
canonical_url: https://georgiacommons.org/code/43-40-10
md_url: https://georgiacommons.org/code/43-40-10.md
text_url: https://georgiacommons.org/code/43-40-10/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t43-ch33-51-(v30a)-2021-pdf.pdf?sfvrsn=638c2417_0#page=436
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
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publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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heading_path: PROFESSIONS AND BUSINESSES / REAL ESTATE BROKERS AND SALESPERSONS
---

# O.C.G.A. § 43-40-10. Requirements for firm to be granted broker’s license.

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

(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

(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.

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.

## 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).