What does Georgia law require regarding ownership in a real estate firm?

Georgia law mandates that at least one owner of a real estate firm must hold a valid real estate license. This is essential to ensure that the firm operates within the legal framework established for real estate practices in the state. Having a licensed owner helps maintain the integrity of the firm and ensures that it complies with state regulations concerning real estate transactions and brokerage activities.

This requirement is integral to protecting the interests of the public and clients, as it signifies that the firm has a knowledgeable individual who understands the legal and ethical standards of real estate practice. The necessity for at least one licensed owner ensures there is accountability within the firm.

The other choices suggest variations of ownership and licensing that do not align with Georgia law. A scenario where all owners must be licensed is more stringent than necessary, while stating that ownership does not require a license lacks essential regulation characteristic to the industry. Furthermore, the notion that only brokers must have licenses disregards the broader licensing requirement that the law imposes on firms and their owners.