Georgia License Law
Under Georgia license law, a broker may share commissions with:
AAny person who refers a client
BOnly other licensed real estate brokers or their licensed salespersons✓ Correct
CAny unlicensed person who refers clients
DForeign real estate agents without Georgia licenses
Explanation
Georgia license law prohibits paying commission or compensation to unlicensed individuals. Brokers may share commissions only with other licensed brokers and salespersons affiliated with those brokers.
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Key Terms to Know
Lien
A financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
Math Concepts
State-Specific Concepts
License Law
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