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Broker Name and Supervisory Responsibility
agency A broker cannot conduct business under any name other than the one on the license. A broker or qualifying broker is responsible for affiliated licensees who violate the law, must instruct affiliates on the License Law and Rules, and must notify the Commission of any violations.
Key Rules
- ✓Broker cannot use any name other than the licensed name
- ✓Broker/qualifying broker is responsible for affiliated licensees' violations
- ✓Must instruct affiliates and notify the Commission of violations
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Support Personnel Task Guidelines
agency Support personnel may perform only ministerial duties not requiring discretion or judgment, and both firm and affiliated licensee are responsible for their acts. Written agreements are required. Support personnel may answer phones, assemble closing documents, place signs, and schedule appointments, but may not show real estate, discuss terms/amenities, negotiate commissions, or hold trust funds.
Key Rules
- ✓Support personnel may perform only ministerial duties, not real estate brokerage activities
- ✓Written agreements required specifying permitted and prohibited tasks
- ✓Prohibited from showing property, negotiating commissions, discussing terms, or holding deposit monies
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Change of Qualifying Broker
licensing When a qualifying broker of a partnership, LLC, or corporation dies, resigns, or is discharged unexpectedly, the firm has 60 days to secure a new qualifying broker or must cease brokerage activity. During the gap, the firm must designate a partner, member, or officer to sign documents and disburse trust funds.
Key Rules
- ✓Must secure new qualifying broker within 60 days or cease brokerage
- ✓Firm must designate a partner/member/officer to act during the gap
- ✓Designee may sign documents and disburse trust funds as required by contracts
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Transferring Licensees and Release Forms
licensing A releasing broker must immediately sign the release and forward the departing licensee's wall certificate to the Commission or notify that it went to the new broker. Disputes over compensation agreements cannot be grounds to refuse signing a release. Licensees must transfer or go inactive within one month of the Commission receiving the certificate.
Key Rules
- ✓Releasing broker must immediately sign release and forward wall certificate
- ✓Compensation disputes cannot justify refusing to sign a release
- ✓Licensee must transfer or go inactive within one month of certificate receipt
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Departing Licensee Property and Client Contact Restrictions
agency A departing licensee cannot take or use brokerage engagements secured through the releasing broker unless authorized, must account for client names, and return firm property. A departing licensee may not contact firm clients under existing engagements until expiration except with written broker approval.
Key Rules
- ✓Cannot take/use firm brokerage engagements without authorization
- ✓Must return all firm property, keys, records, and signs
- ✓Cannot contact firm clients under existing engagements without written approval
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Sharing Commissions With Non-Resident Brokers
agency A Georgia broker may divide or share a commission with a broker licensed in another state. A referring out-of-state broker may be paid a referral fee but may not perform other broker acts on Georgia property without obtaining a nonresident license or a written agreement with a Georgia broker.
Key Rules
- ✓Georgia brokers may share commissions with brokers licensed in other states
- ✓Out-of-state brokers may receive referral fees for referring clients
- ✓Out-of-state brokers cannot perform other broker acts on Georgia property without a nonresident license or written agreement
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Qualifying Brokers Serving Multiple Firms
licensing A broker or qualifying broker may serve as broker/qualifying broker for one or more additional licensed firms. An associate broker may do so if they notify their affiliated broker in writing of intended services as broker/qualifying broker with another firm.
Key Rules
- ✓A broker may serve as qualifying broker for multiple licensed firms
- ✓An associate broker must give written notice to their affiliated broker
- ✓Notice required before serving another firm as broker/qualifying broker