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Under Georgia license law, which of the following statements about compensation and licensure is NOT correct?

Correct Answer

C) A salesperson may collect compensation directly from a buyer as long as the broker later approves the file.

Under O.C.G.A. § 43-40-29, all compensation for brokerage services must flow through the salesperson's affiliated broker. This requirement exists because the broker holds fiduciary and supervisory responsibility, maintains trust accounts, and is legally accountable for the transaction. A salesperson cannot bypass this channel regardless of whether the broker later approves the file, because the broker must authorize and control the compensation process from the outset.

Answer Options
A
A broker who pays compensation for licensed brokerage activity to an unlicensed person violates Georgia license law.
B
Whether an activity is exempt from Georgia licensure requirements depends on whether it fits a specific statutory exception defined in the law.
C
A salesperson may collect compensation directly from a buyer as long as the broker later approves the file.
D
A Georgia salesperson must act through an affiliated broker and may not independently receive compensation from clients or customers.

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Key Terms:

georgiastate_portionocga_title43_ch40ga_license_law
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