Which of the following must a broker do when dealing with a non-resident licensee?

Prepare for the Georgia Real Estate License Exam with our interactive quiz. Study with flashcards and multiple-choice questions, each providing hints and explanations. Get set for success!

When a broker is dealing with a non-resident licensee, it is essential to maintain a written agreement. This requirement is crucial as it ensures that there is a clear and formal understanding of the terms of interaction between the broker and the non-resident licensee. A written agreement serves to protect both parties by delineating the responsibilities and expectations involved in the transaction. Additionally, laws and regulations governing real estate practices often necessitate that agreements are documented in writing to ensure compliance and provide a reference point in case of disagreements or disputes.

A verbal agreement lacks the legal enforceability and clarity that a written contract provides, and may lead to misunderstandings or misinterpretations. Offering a commission split is not a mandated requirement in these situations, as it may vary based on brokerage policies or agreements between parties. Similarly, issuing a temporary license is not a common practice for brokers dealing with non-resident licensees, as licensing typically follows established procedures and requirements, which do not include temporary licenses for non-residents under typical circumstances. Thus, maintaining a written agreement is the correct and necessary action for brokers in these situations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy