Under Georgia license law, which of the following statements correctly describes who must hold a real estate license?

Correct Answer

A) A person who performs brokerage acts for another for compensation must generally hold the appropriate real estate license unless a statutory exemption applies.

O.C.G.A. § 43-40-29 establishes that performing brokerage acts for another person for compensation triggers the licensing requirement. The statute enumerates specific exemptions, but absent one of those exemptions, a license is mandatory. The key elements are: (1) performing a brokerage act as defined in O.C.G.A. § 43-40-1, (2) acting on behalf of another, and (3) receiving or expecting compensation.