Georgia License Law
Under Georgia law, a real estate brokerage may be organized as which of the following business entities?
AOnly a sole proprietorship
BA sole proprietorship, corporation, LLC, or partnership✓ Correct
COnly a corporation or LLC
DOnly a general partnership
Explanation
Georgia allows real estate brokerages to be organized as sole proprietorships, corporations, LLCs, or partnerships, provided the entity is licensed with GREC and a licensed broker serves as the qualifying broker.
Related Georgia Georgia License Law Questions
- A new GREC rule takes effect after it is adopted following:
- A new real estate salesperson in Georgia has successfully completed all pre-license requirements and passed the state exam. To begin practicing real estate, the salesperson must:
- GREC members are appointed by whom?
- When a Georgia salesperson changes employing brokers, what must happen to the salesperson's license?
- A 'pocket listing' in Georgia occurs when a broker markets a property without entering it into the MLS. Under the NAR Clear Cooperation Policy, a broker must submit a listing to the MLS within:
- Under Georgia license law, a broker may share commissions with:
- Under Georgia law, an inactive licensee may NOT:
- Which of the following is NOT exempt from requiring a real estate license in Georgia?
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →