How to Get a Real Estate License in Georgia
The real estate business is one of life's most fulfilling careers because it allows you to control your deals and generate unlimited income. For this reason, many people have invested in real estate in the United States, and Georgia residents are no exception.
But how do I get a real estate license in Georgia?
Georgia has minimum requirements for obtaining a real estate license, unlike other states. First, you must be above 18 years old or equivalent. Second, you must hold a high school diploma or GED. If you meet the above demands, you're eligible to apply for a Georgia real estate license.
Let's now delve into the steps of acquiring a real estate license in Georgia.
Step 1: Finish the Prelicensing Course
To begin, you must sign up for an approved 75-hour prelicensing course. This should last for nearly six weeks from start to finish. What's even better? You can study this course online, especially if you have a tight schedule.
The course will touch on the basic principles of real estate and other topics, which I have outlined below:
- License law
- Forms of ownership.
- Careers in real estate.
- Property rights.
- Agency relationships.
- Duties of the Georgia real estate commission.
Step 2: Pass the Course's Final Exam
After finishing the 75-hour prelicensing course, you will be given the course's final exam to test your competency. The passing mark for this test is 72%, and a proctor will supervise it. You'll want to book an appointment with a proctor beforehand.
Step 3: Pass the Georgia Real Estate Exam
After the course's final exam, you are now qualified to sit for the Georgia real estate exam. PSI is in charge of this exam. The test consists of 152 questions divided into two sections. The first part of the exam features 100 national-related questions, whereas the second has 52 state questions.
You will be given 4 hours to complete the exam so take your time to input the appropriate answers. Otherwise, you'll have to retake the exam if you fail. The exam fee is $115.
Step 4: Apply for Your Georgia Real Estate License
Now that you've passed the Georgia real estate exam, you can apply for your license. First, you must submit a criminal history report administered by your resident state, such as the Georgia Crime Information Center. This should be done less than 60 days before submitting your application.
After submitting your application, you can choose between an active or inactive license. An active license means you're associated with a sponsoring broker and can undertake real estate brokerage activities. An inactive license means you don't have a sponsoring broker, so you can't deal with real estate brokerage activities.
Immediately after the Georgia Real Estate Commission approves your license, you'll be a legally licensed agent in Georgia.
Step 5: Find a Brokerage
The last step is to find a sponsoring broker who will mentor you and offer you a growth opportunity in this field of expertise. The best way to find a brokerage is to search for their contacts on social media. Ensure you choose a sponsoring broker that meets your demands and has had a positive review from previous agents.
How Long Does it Take to Become a Real Estate Agent in Georgia?
The duration you'll take to become a Georgia real estate agent depends on the time you commit to this process. The sooner you finish your prelicensing course and pass the Georgia real estate exam, the better.
The prelicensing course usually lasts for 2 to 6 weeks. Add 1 or 2 weeks to compensate for the time taken to schedule the exam. So in total, the entire process can take a maximum of nine weeks to acquire your Georgia real estate license.
How Much Does a Georgia Real Estate Agent Make?
The average wage for a real estate agent in Georgia is $69,150 per year. This is equivalent to about $33.24/hour, which surpasses the national average.
How Long Do I Wait for the Real Estate Exam Results?
Given that the exam is done on a computer, you'll receive your score immediately after the test. This score document will indicate if you've passed or failed. Don't worry if you fail on your first attempt because you can retake the exam provided you pay for each attempt.
If you want to see some examples of questions that will be on the actual real estate exam, check out our free real estate practice exam. We have been named as the best real estate exam practice for 7 years in a row!
If you need to get your required educational hours done, check out our partners for online real estate education that can be done at your own pace from home or where ever you have internet access.
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