In a real estate corporation formed by a broker and salespersons, who needs to be licensed?

In a real estate corporation formed by a broker and salespersons, it is necessary for the broker and at least three licensed salespersons to be part of the corporation if the business is to operate legally under Georgia real estate laws. Each salesperson must be licensed to engage in real estate transactions.

The broker holds a unique position of responsibility and oversight regarding the activities of the salespersons and compliance with legal requirements. The salespersons must also be licensed to conduct business on their own, but having a minimum of three licensed individuals alongside the broker ensures that the corporation is structured to align with state regulations.

This requirement establishes a balance between the presence of a broker, who has the qualifications to manage and supervise, and the salespersons who carry out the day-to-day transactions. This legal structure protects consumers and ensures that the corporation operates under the framework of professional standards and real estate practices.

Options that suggest only the broker or fewer salespersons being licensed do not comply with the stipulated legal requirements for operating a real estate corporation, ultimately leading to an inadequate understanding of the necessary professionalism and oversight required in real estate transactions.