Which of the following is true regarding the licensing power of the Georgia Real Estate Commission?

The correct assertion regarding the licensing power of the Georgia Real Estate Commission is that it may grant or revoke a firm's license. This highlights the Commission's authority to regulate not only individual licenses but also the licenses of brokerage firms, ensuring they meet necessary qualifications and adhere to regulatory standards.

By having the power to grant or revoke licenses for firms, the Commission maintains oversight on the practice of real estate within the state, which is crucial for protecting the interests of the public and maintaining industry standards. The oversight ensures that firms operate legally and ethically, aligning with Georgia’s real estate laws and regulations.

Understanding this power is fundamental for aspiring real estate professionals, as it underscores the importance of compliance and ethical practices in maintaining a valid license. This regulatory authority also serves as a mechanism for enforcement, deterring malpractice and non-compliance in the industry, which is essential for maintaining public trust in real estate transactions.