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Current as of March 28, 2024 | Updated by FindLaw Staff
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.
Cite this article: FindLaw.com - Georgia Code Title 43. Professions and Businesses § 43-40-10 - last updated March 28, 2024 | https://codes.findlaw.com/ga/title-43-professions-and-businesses/ga-code-sect-43-40-10/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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