How to Get Your Georgia Real Estate License
Launching your real estate career in Georgia may feel daunting, but with the right direction, it’s a clear and attainable process. This in-depth guide will lead you through every crucial step, making sure you’re well-prepared to start your real estate journey in the Peach State. Let’s begin your path to becoming a licensed real estate agent in Georgia.
We'll walk you through 6 easy steps
Understand the Basic Requirements
Before diving into the details, it’s important to grasp the fundamental requirements for obtaining a real estate license in Georgia. Here are the key criteria you need to meet:
Age Requirement
To be eligible for a real estate license in Georgia, applicants must be at least 18 years old. This requirement ensures candidates possess the maturity and legal responsibility necessary for a career in real estate.
Residency and Identification
While Georgia does not require you to be a resident to apply for a real estate license, you must provide a valid Social Security number. This is essential for background checks and compliance with state regulations. Non-residents must adhere to the same standards as Georgia residents.
Honesty and Integrity
Integrity is a cornerstone of the real estate profession. The Georgia Real Estate Commission will conduct a comprehensive background check. Any criminal convictions could result in the denial of your license. Being transparent about any legal issues and showing evidence of rehabilitation can strengthen your application.
Step 1: Take a Real Estate Pre-Licensing Course
In Georgia, you are required to complete 75 hours of pre-licensing education. This course covers fundamental topics, including real estate principles, practices, and Georgia-specific laws, to fully equip you for the licensing exam and your real estate career.
Course Breakdown (75 hours)
The Georgia pre-licensing course offers detailed instruction in various essential areas of real estate. This includes a strong emphasis on real estate finance, agency laws, property transactions, and civil rights laws, ensuring you acquire the comprehensive knowledge needed to thrive in the industry.
Real Estate Fundamentals
This category encompasses the foundational aspects of real estate, including Property Ownership, where you learn about the legal dimensions of owning real estate. Land Use Controls and Regulations will cover essential zoning laws and environmental restrictions, while Valuation and Market Analysis provide insights into appraising properties and understanding market trends. Financing topics explore the various options and processes involved in securing mortgages and loans, crucial for facilitating real estate transactions.
Legal and Ethical Considerations
A critical aspect of your real estate career is understanding the legal and ethical frameworks. This group includes General Principles of Agency, which delves into the responsibilities and relationships between agents and clients. Contracts are a significant portion, emphasizing the creation, execution, and implications of real estate agreements. Additionally, Transfer of Title examines the procedures involved in transferring ownership, and Practice of Real Estate covers everyday ethical considerations in the industry.
Practical Applications
This category is all about applying your knowledge in real-world scenarios. Property Management introduces the basics of managing different types of properties. Real Estate Calculations is focused on the mathematical skills necessary for determining prices, taxes, and other financial details related to property transactions. These topics prepare you to handle the daily operational aspects of a real estate career.
Georgia State-Specific Exam Topics
The Georgia state-specific exam focuses on several critical areas unique to the state. This includes a thorough understanding of Georgia License Law, which governs the process of obtaining and maintaining a real estate license. You’ll also need to grasp the intricacies of Brokerage Relationships, detailing the responsibilities and agency relationships as outlined by Georgia law. Managing Trust Accounts is another key area, covering the proper handling of client funds. Additionally, the exam will test your knowledge of Management and Handling of Property, with laws specific to Georgia, and Georgia Fair Housing Laws, which include specific provisions that apply within the state.
Choosing the Right Real Estate School
Selecting the right real estate school is crucial. Look for accredited schools that offer flexibility, especially if you have a busy schedule. Online courses can provide the convenience of studying at your own pace.
Research and Reviews:
Start by researching various real estate schools and reading reviews from past students. Look for schools with high pass rates for the real estate exam and positive feedback on their teaching methods.
Online vs. In-Person:
Decide whether you prefer online or in-person classes. Online courses offer flexibility and convenience, allowing you to study at your own pace. In-person classes provide direct interaction with instructors and peers, which can enhance your learning experience.
Course Materials and Support:
Evaluate the course materials and support services provided by the school. High-quality textbooks, interactive lessons, and access to instructors for questions can significantly impact your success. Some schools also offer additional resources like exam prep courses and study groups.
Study Tips
Daily Study Schedule:
Create a daily study schedule that covers all exam topics, ensuring regular review sessions. (Asana provides a great FREE task manager)
Flashcards:
Utilize flashcards for key terms and concepts to enhance memorization. (These Quizlet Flashcards may be helpful)
Practice Tests:
Regularly take practice tests to gauge your understanding and get familiar with the exam format. (Free Georgia Real Estate Practice Exam)
Step 2: Submit Your Georgia Real Estate License Application
After finishing your pre-licensing coursework, the next step is to submit your license application to the Georgia Real Estate Commission (GREC).
Steps to Submit Your Application
Complete the Application Form: Fill out the application form, which is available online on the Georgia Real Estate Commission’s website.
Gather Required Documents: Collect all necessary documents, including proof of completed pre-licensing education, identification, and any other required paperwork.
Submit Your Application: Submit your application and all required documents through the GREC’s online portal.
Pay the Application Fee: Ensure you pay the required application fee, which is currently $170, through the online portal at the time of submission.
Application Processing Time
The Georgia Real Estate Commission typically takes a few weeks to process your application. During this time, they will review your educational transcripts and verify that you meet all necessary requirements. Make sure to review your application thoroughly to avoid any delays.
Tracking Your Application
You can monitor your application status online through the Georgia Real Estate Commission’s website. Regularly checking on your application can help you stay informed of any potential issues or additional requirements. If any delays occur, contacting the Commission directly can help expedite the process.
Step 3: Pass the Georgia Real Estate Exam
The Georgia Real Estate Exam is a comprehensive assessment that lasts 4 hours and consists of 152 multiple-choice questions. To pass, you need to achieve a score of at least 75%. If you do not pass on your first attempt, you can retake the exam, but you will need to pay the exam fee of $121 for each attempt.
Salesperson Examination Content
Property and Ownership
- Property Ownership (10%)
- Land Use Controls (5%)
- Transfer of Title (6%)
Legal and Regulatory
- Contracts (19%)
- Agency (13%)
- Property Disclosures (7%)
- Practice of Real Estate (12%)
Financial and Analytical
- Valuation (8%)
- Financing (10%)
- Property Management (3%)
- Real Estate Calculations (7%)
Preparation Tips
Review Course Materials:
Go over the textbooks and notes from your pre-license courses. Revisiting these materials can reinforce your understanding of key concepts. Focus on areas where you feel less confident to ensure a well-rounded preparation.
Practice Exams:
Take as many practice exams as possible. This helps you get familiar with the exam format and identify areas where you need more study. Practice exams can also help you manage your time effectively during the actual test. (Free Georgia Real Estate Practice Exam)
Study Groups:
Join or form study groups. Discussing topics with peers can enhance understanding and retention. Study groups provide a platform to share knowledge, ask questions, and support each other.
Exam Prep Courses:
Consider enrolling in an exam prep course for additional support and structured study. These courses often include practice exams, study guides, and expert instruction. Investing in a prep course can increase your chances of passing the exam on the first attempt.
Exam Day Tips
Arrive Early:
Ensure you arrive at the exam center early to avoid any last-minute stress. Arriving early gives you time to settle in and focus before the exam begins. Check the location and travel time in advance to plan your journey.
Bring Required Identification:
You’ll need a valid photo ID to enter the exam. Make sure your ID is current and matches the name on your application. Having all necessary documents ready can prevent any issues at the exam center.
Stay Calm and Focused:
Read each question carefully and manage your time wisely. Staying calm and composed can help you think clearly and avoid mistakes. Take deep breaths and stay positive throughout the exam.
Exam Room Etiquette:
Follow all instructions given by the exam proctors. Adhering to the rules ensures a smooth and fair testing experience for everyone. If you have any questions or issues, ask the proctors for assistance.
Step 4: Complete the Fingerprinting Requirement
After passing the exam, you must complete the fingerprinting requirement as part of your background check. This step is essential to verify that you meet the honesty and integrity standards set by the Georgia Real Estate Commission (GREC).
How to Get Fingerprinted
Locate a Live Scan service provider approved by the Georgia Crime Information Center (GCIC). Live Scan is a secure and efficient electronic fingerprinting process. Schedule an appointment with a nearby provider. Costs typically range from $40 to $70.
Once fingerprinted, ensure that your prints are submitted directly to the Georgia Real Estate Commission..
The fees for fingerprinting vary by location and provider but generally fall between $40 and $70.
The Georgia Real Estate Commission will conduct a background check using your fingerprints to ensure you meet the required ethical standards. Any issues identified during this check must be resolved before your license can be issued.
Addressing Background Check Issues
If any concerns arise during the background check, you may need to provide additional documentation or explanations. Being transparent about your past and taking responsibility can positively influence the Commission’s decision. It may be wise to seek legal advice if any complex issues arise.
Step 5: Submit the Salesperson License Application
The final step is to submit your Salesperson License Application to confirm that you have passed the exam and completed the fingerprinting requirement.
Application Checklist
Complete Georgia Application Form:
Fill out the Salesperson License Application form available on the Georgia Real Estate Commission (GREC) website. Ensure that all sections are accurately completed. The form can be accessed and submitted online.
Attach Exam Results:
Include proof that you passed the Georgia real estate exam. This documentation is essential for GREC to verify your eligibility. Keep a copy of your exam results for your personal records.
Include Fingerprinting Proof:
Attach your Live Scan Service form as proof that you have met the fingerprinting requirement. Make sure all required signatures and information are correctly provided.
Pay the License Fee:
As of 2024, the fee for the Salesperson License in Georgia is $170. This fee must be submitted along with your application. Keep a copy of your payment receipt for future reference.
After submitting your application, you can track its status online through the Georgia Real Estate Commission’s website. Regularly checking the status will keep you updated on any progress or additional requirements. If there are delays, contacting the Commission directly can provide clarity and help expedite the process.
Step 6: Find a Real Estate Broker to Sponsor You
Once you pass the exam, you need to find a sponsoring broker to activate your license. Look for a brokerage that aligns with your goals and offers the support you need.
Considerations
Find a supportive and collaborative environment. The right culture can significantly impact your job satisfaction and success.
Understand the financial arrangements. Different brokerages offer different commission splits, so choose one that suits your financial goals.
Choose a broker who provides ample training and mentorship opportunities. Early career support is crucial for your development and success.
Questions to Ask Potential Brokers
17 Brokerage Interview Questions
- What training programs do you offer for new agents?
- How does your commission split work, and are there any additional fees?
- What kind of support and resources will I have access to?
- Can you provide references from other agents in your brokerage?
Choosing the right broker is crucial as it impacts your early career significantly. Consider top-rated brokers like eXp Realty, Keller Williams, Coldwell Banker, and Compass.
Why Join Smart Agent Alliance at eXp Realty?
When you join Smart Agent Alliance, you get double the value because you’re also automatically a Wolf Pack member. Together, Smart Agent Alliance and the Wolf Pack provide the tools, support, and expertise to elevate your business to new heights.
Smart Agent Alliance Benefits:
At Smart Agent Alliance, we prioritize organization, clarity, and efficiency to help our agents succeed. We provide essential onboarding resources, customizable presentations, business automations, client checklists, business assets, social media content, YouTube support, a growth plan, quality lead generation, production know-how, website support, and top-notch organizational tools.
Wolf Pack Benefits:
The Wolf Pack team at eXp Realty offers expert-led courses like Social Agent Academy 3.0, the Wolf Pack Hub, and the Investor Army for property flipping. We provide tailored assistance for new agents, developing agents, top producers, team leaders, and broker owners. Key resources include lead generation, production know-how, social media content, and YouTube support.
eXp Realty Benefits:
eXp Realty offers a comprehensive range of benefits for agents, focusing on top pay structures, low fees, and free stock options. Agents get an 80/20 commission splits that cap at $16,000 annually, with opportunities to earn 100% commission, receive annual stock awards and gain income through Revenue Share. Additional resources include 24/7 agent support, affordable healthcare, live training, and advanced tech tools like kvCORE and customizable IDX websites.
Financial Planning
Starting a career in real estate involves some initial costs and financial planning. Understanding these costs and planning accordingly will help you manage your finances effectively.
All stated fees are subject to change.
Starting Costs
- Initial Expenses: These include licensing fees, marketing expenses, office supplies, and technology tools needed to start your career. For example, initial expenses may include:
- Pre-Licensing Course: $500+
- Exam Fee: $119 per attempt
- Application Fee: $170
- Fingerprinting Fee: Roughly $40-70
- Marketing Materials: Business cards, signage, and online advertising costs
- When you join a brokerage in Georgia, many will require you to become a member of the National, State, and Local Associations of Realtors. Additionally, you’ll need to pay fees for the Multiple Listing Service (MLS) and Supra Key services.
- National Association of Realtors (NAR):
- Membership Fees: For 2024, the NAR annual dues are $156, plus a $45 special assessment fee for the Consumer Advertising Campaign, bringing the total to $201 per year.
- Georgia Realtors (State Association):
- Membership Fees: The annual dues for Georgia Realtors in 2024 are approximately $150. This fee is in addition to the NAR dues.
- Local Association of Realtors:
- Membership Fees: Local association fees in Georgia vary depending on the specific association. For example:
- Atlanta Realtors Association: The annual dues are typically around $275 to $350.
- Savannah Area Realtors: The fees generally range from $200 to $300 per year.
- Membership Fees: Local association fees in Georgia vary depending on the specific association. For example:
- Multiple Listing Service (MLS):
- Fees: MLS fees in Georgia also vary depending on the region. For example:
- First Multiple Listing Service (FMLS): Fees are approximately $480 annually.
- Georgia MLS (GAMLS): The fees typically range from $360 to $450 annually.
- Fees: MLS fees in Georgia also vary depending on the region. For example:
- Supra Key Fees:
- Fees: Supra Key services in Georgia typically include an initial setup fee of about $50 and a monthly service fee ranging from $20 to $25.
- National Association of Realtors (NAR):
Budgeting Tips
- Create a Budget: Track your expenses and forecast your income. Plan for slower months to ensure financial stability.
- Emergency Fund: Set aside an emergency fund to cover unexpected expenses or slow periods in the market
Income Management
- Commission Structure: Real estate agents typically earn commissions from sales. Understand how your brokerage’s commission structure works and how to manage irregular income streams. Commission splits can vary widely, typically ranging from 50/50 to 70/30 or higher, depending on the brokerage.
- Tax Planning: As an independent contractor, it’s important to plan for taxes. Keep track of deductible expenses, make estimated tax payments, and maintain good record-keeping practices. Consulting with a tax professional can help ensure compliance and optimize your tax strategy.
Frequently Asked Questions
What are the requirements to get a Georgia real estate license?
To obtain a Georgia real estate license, you must meet the following requirements:
- Age: Be at least 18 years old.
- Education: Complete 75 hours of approved pre-licensing education.
- Background Check: Pass a fingerprint-based background check.
- Exam: Pass the Georgia real estate exam with a score of 75% or higher.
- Application: Submit a completed license application with the required fee.
- Sponsorship: Secure a sponsoring broker to activate your license.
These steps ensure you meet the state’s standards for becoming a licensed real estate agent in Georgia.
How much does it cost to get a real estate license in Georgia?
The cost to get a real estate license in Georgia typically includes the following:
- Pre-Licensing Course: $500+
- Exam Fee: $119 per attempt
- Application Fee: $170
- Fingerprinting Fee: $40-$70
- Other Costs: Marketing materials, association dues, and MLS fees (varies)
Overall, expect to invest around $800 to $1,000 or more, depending on additional expenses like association memberships and marketing materials.
How long does it take to get a real estate license in Georgia?
Getting a real estate license in Georgia typically takes 3 to 6 months. This timeframe includes:
- Pre-Licensing Education: Completing the 75-hour course (2-4 weeks).
- Exam Preparation and Scheduling: Studying and booking the exam (2-4 weeks).
- Taking the Exam: Passing the Georgia real estate exam.
- Application Processing: Submitting the application and completing the background check (4-6 weeks).
The total duration depends on your pace in completing the coursework and scheduling the exam.
What is the pass rate for the Georgia real estate exam?
The pass rate for the Georgia real estate exam is approximately 60%. This means that around 60% of test-takers pass the exam on their first attempt. The exam is challenging, so thorough preparation is key to success.
What happens if I fail the Georgia real estate exam?
If you fail the Georgia real estate exam, you can retake it. Here’s what you need to know:
- Retake Policy: You can retake the exam as many times as needed, but you’ll have to pay the exam fee of $121 each time.
- Preparation: Consider reviewing the areas where you struggled and possibly taking additional study courses or practice exams.
- Scheduling: You can reschedule your retake as soon as you’re ready, depending on availability at the testing center.
Failing the exam is not uncommon, so it’s important to focus on improving your understanding of the material before attempting it again.
How do I renew my Georgia real estate license?
To renew your Georgia real estate license, follow these steps:
1. Complete Continuing Education: Complete 36 hours of approved continuing education (CE) courses every 4 years. This must include 3 hours of Georgia law.
2. Submit Renewal Application: Log in to the Georgia Real Estate Commission (GREC) website and submit your renewal application online.
3. Pay the Renewal Fee: Pay the renewal fee of $125 if submitted on time. Late renewals incur additional fees.
4. Renewal Deadline: Ensure you renew your license before the expiration date to avoid penalties or license suspension.
By following these steps, you can maintain your active real estate license in Georgia.