True or False: It is illegal to perform real estate activities for another person for payment without a real estate license.

The statement is true because, under Georgia real estate law, engaging in real estate activities on behalf of another person for compensation requires a valid real estate license. This regulation is in place to ensure that individuals practicing in the real estate industry meet certain educational and ethical standards, which help protect the interests of consumers. Unauthorized practice can result in penalties, including fines and legal action against the unlicensed individuals.

The requirement for a real estate license helps maintain a level of professionalism and accountability in transactions, ensuring that those involved have the necessary knowledge to navigate the complexities of real estate deals. Without such licensing, there is a higher risk of fraud, misrepresentation, and unethical behavior, which could harm consumers and distort the market.