Georgia License Law
When a Georgia broker closes their office, all affiliated salespersons must:
AA. Automatically transfer to a GREC-designated broker
BB. Transfer to a new broker or place their licenses on inactive status✓ Correct
CC. Surrender their licenses permanently
DD. Continue working under the closed broker's license for 90 days
Explanation
When a broker closes their office, affiliated salespersons can no longer practice under that broker. They must transfer to a new supervising broker or place their license on inactive status until they find a new broker.
Related Georgia Georgia License Law Questions
- Georgia's BRRETA requires that certain information be provided to clients in a written brokerage engagement. This written document must contain:
- A Georgia salesperson's license is automatically suspended when:
- Which of the following would NOT be considered 'practicing real estate' without a license in Georgia?
- Georgia's mandatory E&O (Errors and Omissions) insurance for real estate brokers covers:
- In Georgia, a real estate license may be placed on inactive status when the licensee:
- Which of the following best describes the 'net listing' in Georgia?
- Under Georgia law, a real estate licensee may refuse to show a property to a client if:
- GREC requires a broker to maintain trust account records for how long after a transaction closes?
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