PROFESSIONS AND BUSINESSES Real Estate Brokers and Salespersons: Require Real Estate Brokers to Pay Commission Only to Licensees Who Have Assigned Their License to the Broker's Firm; Ensure a Qualified Broker Will Be Responsible in All Real Estate Business

Authors

F. Faison Middleton

Document Type

Peach Sheet

Abstract

The Act provides procedures for ensuring that real estate brokerage firms will not pay compensation to a licensed broker unless the broker is assigned to the firm prior to the transaction. The Act requires each brokerage firm to be managed by a real estate broker or qualifying real estate broker who is ultimately responsible for this license assignation. The Act further provides that in any given business enterprise, a qualified broker must be able to bind the business in his capacity either as partner or as corporate officer.

Recommended Citation

F. F. Middleton, PROFESSIONS AND BUSINESSES Real Estate Brokers and Salespersons: Require Real Estate Brokers to Pay Commission Only to Licensees Who Have Assigned Their License to the Broker's Firm; Ensure a Qualified Broker Will Be Responsible in All Real Estate Business, 11 Ga. St. U. L. Rev. (1994).
Available at: https://readingroom.law.gsu.edu/gsulr/vol11/iss1/23