Georgia is amongst the top-performing states in the US when it comes to real estate. Much of its success is driven by the Peach State’s high-performing economy, which has seen a decline in the unemployment rate over the years, alongside an average job growth of 1.5 percent. Georgia has been so successful, that the state also ranks as the ninth best economy in the country.
Over a 3-year period, the Atlanta-Sandy Springs-Marietta metro area has experienced a population growth of 4.9%. This, coupled with the growing job market and workforce in the area, promises stable times ahead as far as the property industry in the state goes.
With the median value for a home standing at $157,800, and a consistent forecast of rising prices, it is one of the best times to be a real estate agent in the state. Therefore, if you would like to pursue a career as a real estate agent in the Georgian market, here is all you need to know.
Qualifications of RE Agents in Georgia
In order to qualify for a real estate agent’s license in Georgia, a few basic requirements need to be fulfilled. The first demands that all applicants be at least eighteen years of age, followed by an academic requirement that expects all potential applicants to have a high school diploma or GED (General Education Development) equivalent. In addition to this, all candidates are required to pass a compulsory background check.
Fulfillment of these requirements will qualify you to sit for the State exams, passing which you can obtain your license. While you can also attempt the exam at 17 years of age, your license will not be valid till you turn 18.
If you successfully meet all these fundamental requirements, there are three different routes you can take as far as the state’s requirements for pre-licensing education are concerned. The first route is where you can take Georgia’s 75-hour real estate salesperson pre-licensing course from one of the real estate schools approved by the Georgia Real Estate Commission that oversees such matters in the state.
Alternatively, if you have completed a real estate course as your major from an accredited university or college in the U.S. or Canada, the duration of which must amount to at least 10 quarter hours or six semester hours, you are all set in terms of your pre-licensing education. Similarly, a course in property, agency, or contracts from an accredited U.S. or Canadian school of law is also accepted.
If you believe your college, university, or school of law degree may comply with the option above but are unsure, you can send in your official transcripts with the application for the examination to Applied Measurement Professionals (AMP) and they will tell you whether your degree is acceptable or not.
The final option qualifies you to take your real estate exam if you have already completed a 75-hour pre-licensing course approved by a real estate regulatory authority of a different US state or even any province of Canada. If you go for this option, you will be expected to submit a letter of verification from the regulatory authority stating its approval of the course, along with your application.
If you meet these requirements, you are qualified to take your real estate exam. You can obtain your real estate agents’ license once you pass the exam. Remember though, that once you have obtained your license, you are required to complete a 25-hour salesperson post-license course within the first year of obtaining your license. If you do comply with this requirement, your license will lapse.
How Much Do Real Estate Agents in Georgia Make?
While different sources cite different figures, most confirm that typically, a real estate agent’s salary in Georgia ranges between $37,931 and $49,388. While what you earn as a real estate agent is significantly dependent on the location of your operations, the salary satisfies the national average of $41,163 for the same profession.
While the salaries can average in the $40,000 range in cities like Atlanta, Athens, and Buford, these numbers can fall to the mid-$30,000 range in locations like Buena Vista, Armuchee, and Ashburn.
How to Become a Real Estate Agent in Georgia?
Assuming that you are able to satisfy all the basic qualification requirements, the following steps will guide you in your journey to becoming a real estate agent in Georgia.
Take a Pre-license Course
Before you operate in the state, it is important that you have complete knowledge of how the industry works, the laws of the land, and the different industry-relevant practices. This is exactly what a pre-license course teaches.
The 75-hour course would cover the industry fundamentals specific to Georgia, real estate Math, and also teach its students client-focused communication skills.
Designed by the best, this comprehensive course will not only prepare you for the real estate exam but will also teach you the essential skills required in the field.
Prepare for Georgia License Exam
It is really important that you prepare well for your license exam. Aside from the fact that your performance in the exam will be essential to your career as a real estate agent, there is also a cost factor involved. The examination fee, along with the amount you would pay for your pre-license course, as well as other payments you would make at different stages of the process, can all be in vain if you do not prepare well and pass your exam.
Your pre-license course can help you immensely in acing your exams. And if you still feel the need for more preparation, you can always take an exam-specific preparatory course to improve your chances.
Pass the Georgia License Exam
Once you are confident with your preparation, you can register for the final examination with AMP. You will be required to pay $115 at this stage and would need to take your Lawful Presence Notarized Affidavit, as well as a state-issued photo ID with you on the day of the exam.
Once you have successfully passed the exam, you must apply for your license within 12 months or else you would have to reappear in the exam.
Find a Reputable Georgia Real Estate Brokerage
Once you have received your license, it is important to find and associate yourself with a reputable real estate brokerage. This is important because real estate agents cannot operate as an independent agency. You can always apply for a brokerage license after some time if you decide to operate independently in the market.
Preparing for Real Estate Agent Licensing Exam in Georgia
While the regulations in the Georgian real estate market are high, the rewards are plenty if you pass through all of them. The two most important aspects of the entire process are the pre-license course and the final exam.
If you make the right choice when selecting a tutor that is not only state-approved but has a good reputation, and work hard on your pre-license course, there is a good chance you won’t need more than one sitting to pass your Georgia real estate salesperson exam.