True or False: Anyone engaging in real estate transactions for others for compensation must possess a valid real estate license.

The assertion that anyone engaging in real estate transactions for others for compensation must possess a valid real estate license is true. In Georgia, as in many other states, the law requires that individuals who broker, sell, lease, or manage real estate on behalf of others and receive compensation for such activities must hold a valid real estate license. This regulation is in place to protect consumers, ensure professionalism in real estate practices, and uphold the integrity of the real estate market.

Licensing requirements help to ensure that agents have the necessary training and knowledge about real estate laws, property valuation, and other critical aspects of the industry. By mandating a license, the state can enforce standards of conduct and provide a framework for accountability. Those who engage in real estate activities without a license may face legal penalties, fines, and other consequences, highlighting the importance of compliance with these regulations for maintaining ethical practices in real estate transactions.