How to Pass the Georgia Real Estate License Exam
Georgia is among 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%. 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.
What are the qualifications for getting your real estate license?
General RequirementsLike many states, Georgia has specific requirements for individuals who plan to apply for or renew a Georgia real estate license. The commercial real estate course is 36 hours and 3 of those 36 hours must include the topic of “Law License” mandated by the Georgia Real Estate Commission & Appraisers Board. There are certain qualifications required to apply for a Georgia real estate license. These include:
- Passing a background check through Georgia Crime Information Center
- Must be 18 years of age
- A lawful U.S. resident
- Provide documents such as a driver’s license, U.S. military ID card, U.S. Passport, US Permanent Resident Card or Alien Registration Receipt Card, a U.S. Certificate of Naturalization, U.S. Citizenship, or a U.S. Certificate of Naturalization.
- Successfully complete 10 quarter hours or 6 semester hours of coursework in real estate or real property, agency, or contract law from U.S. or Canadian accredited college, university, or law school
- Proof must be submitted to Georgia’s real estate regulatory agency that courses are state-approved
- Official transcripts should be provided to the testing agency AMP for approval
- Successfully complete a 75-hour pre-license real estate course for agents with a grade of 70 or higher
- Pay a $115 exam fee prior to taking the exam
Course RequirementsThe pre-license course will take the most time. You can take your pre-license courses at a brick-and-mortar college or university, but many busy people find online training programs to be much more convenient and flexible. In-person 75-hour pre-license courses can run around $385 to $450. You can find online pre-license courses, such as the courses available through 360training.com, for between $190 and $270. A pre-license salesperson course will likely cover the following topics:
- Real Estate as a Career
- Real Property Rights
- Characteristics of Real Property
- Land Use
- Easements and Liens
- Real Estate Math
- Agency and Brokerage Relationships
- Listing Agreements
- Legal Descriptions
- Basic Contract Law
- Types of Contracts
- Sale Contracts
- The Selling Process
- Title Insurance
- Environmental Issues
- Real Estate Financing
- Leasing and Property Management
- Real Estate Valuation
- Appraisal Steps
- Escrow and Settlement Process
- Closing Basics
- Fair Housing Laws and Americans with Disabilities Act
- License Requirements and Maintenance
- License Law Violations
- Trust Accounts and Advertising
The Georgia Licensing ExamIt is important to learn everything you can about the exam, process, rules, and the testing center beforehand. The testing company, AMP, provides a candidate handbook for license candidates that includes:
- Examination administration guidelines
- Exam scheduling guidelines
- Exam rules
- Exam content outlines
- Sample questions
- Scheduling and registration procedures
- Agency Relationships and Contracts
- Real Property Ownership/Interest
- Real Property
- Marketing Regulations (purchase and rental)
- Property Management
- Real Estate Calculations
- Georgia statutes governing the licensing and activities of licensees
Test Taking Tips to Help Prepare for the ExamHere are some exam tips to remember:
- Read the question carefully, multiple times if necessary, to ensure you know exactly what it is asking.
- Think of the correct answer before looking at the answer choices. Then read each answer choice.
- Eliminate choices that are obviously incorrect to narrow it down.
- The positive answer is more likely correct than a negative choice. The longer answer, within reason, is often correct.
- Don’t automatically avoid “none of the above” and “all of the above.”
- Figure out words you don’t know using common prefixes, suffixes, and word roots
- Look for grammatical clues. For example, subject/verb agreement and “a” vs. “an” may hint at the correct answer.