Georgia § 43-40-10 - Requirements for firm to be granted broker's license.
Full text of Georgia Official Code of Georgia Annotated § 43-40-10 — Requirements for firm to be granted broker's license., with citation guidance and answers to common questions.
§ 43-40-10. Requirements for firm to be granted broker's license.
No broker's license shall be granted to a firm unless: Said firm designates an individual licensed as a broker as its qualifying broker who shall be responsible for assuring that the firm and its affiliated licensees comply with the provisions of this chapter and its attendant rules and regulations; and Said firm authorizes its qualifying broker to bind the firm to any settlement of a contested case before the commission as defined in Chapter 13 of Title 50, the "Georgia Administrative Procedure Act," in which said firm may be a named respondent. Violations of this chapter or its rules and regulations by a firm licensed as a broker shall subject the license of the qualifying broker to sanction as authorized by this chapter. No broker's license shall be granted to a firm unless every person who acts as a licensee for such firm shall hold a real estate license. (Code 1933, § 84-1414, enacted by Ga. L. 1973, p. 100, § 1; Ga. L. 1974, p. 382, § 1; Ga. L. 1980, p. 1398, § 5; Ga. L. 1982, p. 1001, §§ 6, 11; Ga. L. 1984, p. 22, § 43; Ga. L. 1985, p. 360, § 6; Ga. L. 1987, p. 252, § 3; Ga. L. 1988, p. 13, § 43; Ga. L. 1993, p. 123, § 52; Ga. L. 1995, p. 1216, § 4; Ga. L. 1996, p. 6, § 43; Ga. L. 2000, p. 1527, § 14; Ga. L. 2003, p. 370, § 9; Ga. L. 2004, p. 631, § 43; Ga. L. 2006, p. 792, § 7/SB 547.) Law reviews. - For article, "Real Estate Syndications As Securities in Georgia - A Review and Comments on the Recent Opinion of the Attorney General," see 11 Georgia St. B. J. 80 (1974). For article, "A Response: Real Estate Syndications as Securities in Georgia," see 11 Georgia St. B. J. 153 (1975).
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 43-40-10
What does Official Code of Georgia Annotated § 43-40-10 cover?
Section 43-40-10 ("Requirements for firm to be granted broker's license.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 43-40-10?
A common citation format is "Official Code of Georgia Annotated § 43-40-10" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 43-40-10 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.