For how many years must a broker maintain a written agreement with a non-resident licensee?

For how many years must a broker maintain a written agreement with a non-resident licensee?

• A. 1
• B. 2
• C. 3
• D. 4

Answer: (C)

In Georgia, a broker is required to maintain a written agreement with a non-resident licensee for a period of three years. This requirement is in place to ensure that there is a clear and documented relationship between the broker and the non-resident licensee. The agreement serves to outline the terms of their working relationship, establish the responsibilities of both parties, and protect the interests of clients involved in real estate transactions. This three-year duration also aligns with record retention policies that are designed to provide legal and operational clarity, should any disputes arise or should there be a need for reference to the terms of the agreement in future dealings. Such requirements are critical in maintaining professionalism and accountability within the real estate industry.

In Georgia, a broker is required to maintain a written agreement with a non-resident licensee for a period of three years. This requirement is in place to ensure that there is a clear and documented relationship between the broker and the non-resident licensee. The agreement serves to outline the terms of their working relationship, establish the responsibilities of both parties, and protect the interests of clients involved in real estate transactions.

This three-year duration also aligns with record retention policies that are designed to provide legal and operational clarity, should any disputes arise or should there be a need for reference to the terms of the agreement in future dealings. Such requirements are critical in maintaining professionalism and accountability within the real estate industry.