LICENSURE AND BROKERAGE

(1) Fees. Whenever an individual applicant activates an original license, that applicant shall pay an activation fee and a renewal fee which shall cover all fees due the Commission until the applicant's month of birth in the fourth calendar year following the calendar year in whi…

(1) Required Education. O.C.G.A. Section 43-40-8(d) requires that each salesperson must furnish to the Commission within one year of the issuance of an original salesperson's license evidence of satisfactory completion of a post-license course of study of at least 25 instructiona…

(1) Brokerage Engagements. (a) Each exclusive brokerage agreement must fully set forth its terms and have a definite expiration date. (b) At the time of securing a brokerage engagement, the licensee securing it must furnish each person signing it a true copy thereof. (c) The Comm…

(1) Name of Firm. A broker shall not conduct business under any name other than the one in which the broker's license is issued. (2) Responsibilities of Brokers or Qualifying Brokers. (a) A real estate broker or qualifying broker shall be held responsible for any licensee whose l…

(1) The Designated Trust or Escrow Account. (a) Brokers may maintain more than one designated trust or escrow account. Brokers shall notify the Commission of the name of the financial institution in which each account is maintained and each account's name or number within one mon…

(1) Definitions. (a) Advertising or Advertisement.For the purposes of this Rule, the term "advertising" or "advertisement" means any manner, method, or activity by which a licensee through the use of any media makes known to the general public real estate for sale, rent, lease, o…

(1) PresentingOffers. A licensee shall promptly tender to any customer or client any signed offer to purchase, sell, lease, or exchange property made to such client or customer. In a transaction in which the offeror is not a client or customer of the licensee, the licensee receiv…

(1) Written Notification to Broker. No licensee shall be permitted to list, sell, buy, exchange, rent, lease, or option or offer to list, sell, buy, exchange, rent, lease, or option real estate, either in individual or multiple parcels, in the licensee's own name or in the name o…

Unless otherwise excepted from licensure requirements by O.C.G.A. Section 43-40-29, a person who brokers the sale of a business must hold an appropriate license issued by the Commission if the sale of the business involves the transfer of any interest (including, but not limited …

(1) Prohibited Representations. No licensee or agent or employee of a licensee shall represent, explicitly or implicitly, for the purpose of inducing or discouraging the purchase, sale, or rental of any real property or the listing for purchase, sale, or rental of any real proper…

(1) Imposition of Penalties. Whenever the Commission determines from the evidence gathered in an investigation that a licensee has violated one or more of the provisions of O.C.G.A. Chapter 43-40 or the rules and regulations adopted by the Commission or has committed an unfair tr…