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Under Georgia license law, which of the following statements about compensation and licensure requirements is correct?

Correct Answer

D) Compensation for activities requiring a real estate license may not be paid to an unlicensed person, regardless of how the payment is structured.

Under O.C.G.A. § 43-40-29 and related provisions of O.C.G.A. Title 43, Chapter 40, it is a violation of Georgia license law to pay compensation to an unlicensed person for performing activities that require a real estate license. The statute focuses on the nature of the activity performed, not the label placed on the payment. This prevents parties from circumventing licensure requirements through creative payment structures.

Answer Options
A
Community association management activities involving budgets and financial records are classified as unlicensed bookkeeping and fall outside GREC regulatory authority.
B
Labeling a payment as a 'consulting fee' rather than a 'commission' removes the transaction from Georgia's brokerage compensation regulations.
C
The Georgia Real Estate Commission's primary statutory purpose is to guarantee that licensees earn commissions that consumers are legally obligated to pay.
D
Compensation for activities requiring a real estate license may not be paid to an unlicensed person, regardless of how the payment is structured.

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Related Topics & Key Terms

Key Terms:

georgiastate_portionocga_title43_ch40ga_license_law

Related Concepts

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