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Assignments in Georgia (GA)

ItemValue
Is an assignment legal here?yes
What the matrix says about itNo Georgia wholesaling statute.
Marketing rule the gate enforcescontract_only
What that means in practiceO.C.G.A. 43-40-1 defines brokerage; 43-40-30 requires a licence. The owner/principal exemption is 43-40-29(a)(1) ('any person who as owner or through an attorney performs any of the acts ... with reference to property owned by them').
What triggers a licence requirementMarketing property you do not own or hold under contract, for compensation.
Written seller disclosure required?yes
Basis for the disclosureNo GA wholesaling statute; contract term + Georgia Fair Business Practices Act (O.C.G.A. 10-1-390 et seq.).
Statutory wording required?no
F5259 bucketGO_WITH_CONDITIONS
Condition the gate enforcesMarket the contract, not the property (O.C.G.A. 43-40-29/-30).
Verification statusPRIMARY_STATUTE
Attorney review required before first use?yes

Verdict by lead class

Lead classVerdict
landGO_WITH_DISCLOSURE
preforeclosure non owner occupiedNO
preforeclosure owner occupiedNO
probateGO_WITH_DISCLOSURE
tax delinquentGO_WITH_DISCLOSURE

Primary sources

the whole grid · probate in GA · the disclosure blocks

Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.


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