What is NOT a requirement for a licensee transferring to a new broker to act on behalf of a former broker?

When a licensee transfers to a new broker, there are specific requirements in place to ensure a seamless transition and compliance with legal obligations. The correct answer focuses on what is not a requirement during this transfer process.

In Georgia, it is essential for both the former and new brokers to agree in writing to the transfer. This ensures that all parties have clarity on the agreement and the responsibilities involved. Additionally, the written agreement must specify the transactions that are covered under this arrangement to maintain transparency and accountability. Furthermore, the compensation terms from the former broker are necessary for determining how the licensee will be compensated for pending transactions during the transition period.

However, having the new broker assume responsibility for the activities of the licensee is not a specific requirement for the transfer of a licensee to a new broker. This aspect may be more related to the broker's overall responsibility for their agents under their supervision, rather than a condition that must be met for the transfer to proceed. Thus, while the new broker typically does take on responsibility for their agents' activities, it is not a mandated requirement for completing a transfer of this nature.