Chapter 40 - Real Estate Brokers and Salespersons

Chapter 40 - Real Estate Brokers and Salespersons

§ 43-40-1. Definitions
§ 43-40-2. Creation of commission; members; meetings; recusal for conflict of interest; removal; compensation; annual report; budget unit
§ 43-40-3. Determination of fees by commission
§ 43-40-3.1. Rules and regulations
§ 43-40-4. Office of commissioner; qualifications; restrictions; staff; oath; duties and powers; reimbursement
§ 43-40-5. Status of license of commissioner and commission employees
§ 43-40-6. Seal; records
§ 43-40-7. Application for licenses; confidentiality
§ 43-40-8. Qualifications of licensees; course of study for licensed salespersons; lapse; reinstatement; renewal; continuing education; standards for courses
§ 43-40-9. Nonresident licensees; service of process; reciprocity; contracts with licensed Georgia brokers
§ 43-40-10. Requirements for firm to be granted broker's license
§ 43-40-11. Form of license
§ 43-40-12. Fees; inactive status; licensure of broker as salesperson; penalty fees; extension of renewal period
§ 43-40-13. Disposition of fees collected under chapter
§ 43-40-14. Power of commission to issue, revoke, or suspend licenses and censure licensees; power to enter contracts; retention of funds
§ 43-40-15. Grant of licenses; grounds for suspension or revocation of license; other sanctions; surrender or lapse; conviction
§ 43-40-16. Refusal to issue licenses; hearings; judicial review
§ 43-40-17. Revocation or suspension of license issued to partnership, limited liability company, or corporation
§ 43-40-18. Management of firm and licensed affiliates; compliance with local ordinances
§ 43-40-19. Change of place of business; transfer of salesperson, associate broker, or community association manager
§ 43-40-20. Trust or escrow checking account for real estate business; when entitled to commission
§ 43-40-21. Violations involving real estate accounts; report to Attorney General; injunctions; appointment of receiver
§ 43-40-22. Real estate education, research, and recovery fund; revocation of license upon court order for payment from fund; subrogation
§ 43-40-22.1. Fidelity bond or insurance requirements for broker providing community management services
§ 43-40-23. Applicability of county or municipal license, occupational, or professional taxes
§ 43-40-24. Requisites for maintenance of action under chapter
§ 43-40-25. Violations by licensees, schools, and instructors; sanctions; unfair trade practices
§ 43-40-25.1. Completion of certain forms not practice of law; contents of certain forms
§ 43-40-25.2. Alternative disciplinary procedures; citations
§ 43-40-26. Hearings before commission; judicial review
§ 43-40-27. Investigation of complaints; subpoenas; confidentiality; publication of licensee name upon revocation or suspension; closed meetings
§ 43-40-27.1. Conviction data
§ 43-40-28. Injunctive actions
§ 43-40-29. Exceptions to operation of chapter
§ 43-40-30. Acting without a license; cease and desist order; judicial review; effect of Code section on other remedies
§ 43-40-30.1. Employer-employee or broker-independent contractor relationships between licensees
§ 43-40-30.2. Broker's license granted to corporation, partnership, or limited liability company engaged in providing community association management services; qualifications of qualifying broker
§ 43-40-31. Penalty
§ 43-40-32. Termination

We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal insurance products you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with access to legal services through a network of provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal insurance products, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish