Georgia Real Estate Commission – Roles, Responsibilities, Licensing, and Consumer Protection
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Georgia Real Estate Commission staff ensuring ethical and legal compliance in real estate transactions
The Georgia Real Estate Commission regulates real estate professionals across Georgia, ensuring ethical conduct and protecting consumers from fraudulent practices. Whether you are aiming to become a licensed agent or are a homeowner navigating property transactions, understanding how the commission operates is essential. The commission plays a key role in licensing, enforcement, and public education to maintain trust in the real estate market.
| Fact | Detail |
|---|---|
| Full Name | Georgia Real Estate Commission |
| Established | 1970 |
| Governing Law | Georgia Real Estate License Law (O.C.G.A. § 43-40) |
| Purpose | Licensing, regulation, consumer protection |
| Number of Members | 6 members appointed by the Governor |
| Headquarters | Atlanta, Georgia |
What Is the Georgia Real Estate Commission?
The Georgia Real Estate Commission is the official state body responsible for overseeing real estate activities in Georgia. It ensures that brokers, salespersons, and firms adhere to ethical and legal standards. By regulating licensing, investigating complaints, and enforcing state laws, the commission protects consumers and maintains professionalism in the industry. Its oversight ensures that every real estate transaction is conducted fairly and transparently, safeguarding the interests of buyers and sellers alike.
Core Responsibilities of Georgia Real Estate Commission
The main responsibilities of the Georgia Real Estate Commission include licensing, education, enforcement, and consumer protection. It licenses real estate professionals, monitors their activities, investigates complaints, and enforces disciplinary actions. The commission also educates both licensees and the public about legal obligations, fair housing regulations, and professional standards. By performing these duties, GREC ensures the real estate market operates smoothly and ethically across the state.
How to Get a Real Estate License in Georgia
Eligibility Requirements
Applicants must meet specific eligibility criteria set by the Georgia Real Estate Commission. They must be at least 18 years old, be U.S. citizens or legal residents, and have no criminal history that would prevent licensure. These rules ensure that only qualified and trustworthy individuals enter the real estate profession.
Pre-Licensing Education
Prospective salespersons must complete 75 hours of pre-license education, while brokers are required to complete an additional 60 hours beyond the salesperson curriculum. These courses cover essential topics such as real estate law, contracts, ethics, and risk management. GREC-approved education ensures applicants are well-prepared for the licensing exam and professional practice.
Licensing Exam
After completing pre-licensing education, candidates must pass a state-administered exam. The exam tests knowledge of real estate laws, contracts, and professional ethics, with a passing score of 75%. Fees for the exam are approximately $77 for salespersons and $98 for brokers. Passing the exam demonstrates that the candidate is competent and ready to engage in real estate transactions responsibly.
Application Process
Applicants submit proof of education, exam results, and background checks through the commission’s application process. Salespersons pay $170 and brokers $180 for licensing. The commission carefully reviews applications to ensure that all candidates meet legal, educational, and ethical requirements before issuing a license.
License Renewal and Continuing Education
The Georgia Real Estate Commission requires all licensees to renew their licenses every four years and complete 36 hours of continuing education. This includes three hours in ethics, three hours in risk management, and three hours in fair housing. Submitting CE credits is mandatory, and failure to comply can result in fines, license suspension, or revocation. Continuing education helps agents stay updated on legal changes, industry best practices, and emerging market trends.
Complaint and Disciplinary Procedures
Filing a Complaint
Consumers or agents can file complaints with the Georgia Real Estate Commission regarding unethical practices, fraud, or license violations. The commission evaluates each complaint carefully to determine whether further investigation is necessary.
Investigation and Resolution
GREC investigates complaints by reviewing documents, interviewing relevant parties, and assessing compliance with state laws. Disciplinary hearings may be conducted for serious violations, resulting in fines, probation, suspension, or license revocation.
Case Study: A buyer filed a complaint against a broker who failed to disclose structural defects in a property. Following an investigation, the commission imposed a $5,000 fine and suspended the broker’s license for six months. This case demonstrates GREC’s commitment to consumer protection and professional accountability.
Key Laws and Regulations Overseen by Georgia Real Estate Commission
The Georgia Real Estate Commission enforces the Georgia Real Estate License Law (O.C.G.A. § 43-40), along with regulations on fair housing, escrow accounts, and property disclosures. Licensees must comply with these laws to maintain good standing. GREC ensures that all agents act transparently, handle client funds correctly, and disclose any conflicts of interest, creating a safer real estate market.
How Georgia Real Estate Commission Protects Buyers and Sellers
The commission safeguards the interests of buyers and sellers by enforcing ethical conduct, investigating complaints, and monitoring compliance with state laws. It provides tools for consumers to verify agent licenses and report misconduct. GREC also ensures transparency by publishing disciplinary actions and regulatory updates. By maintaining these measures, the commission builds trust and promotes confidence in Georgia’s real estate industry.
Common Questions About Georgia Real Estate Commission
Can a License Be Reinstated After Suspension?
Yes, reinstatement is possible once fines are paid, probation requirements are fulfilled, or additional education is completed. The commission ensures all reinstated licensees meet professional standards.
How Long Does an Investigation Take?
Minor complaints may be resolved within 30–60 days, while complex cases can extend up to a year. The commission balances thorough investigation with timely resolution.
Are Continuing Education Courses Available Online?
Yes, approved online courses allow agents to complete CE requirements conveniently while staying compliant with GREC regulations.
What Happens If a Broker Leaves a Firm?
When a broker leaves a firm, they must notify the commission. Salespersons affiliated with that broker may need to update their licensing status to maintain compliance.
Licensing Requirements Comparison
| Requirement | Salesperson | Broker |
|---|---|---|
| Age | 18+ | 21+ |
| Pre-license Education | 75 hours | 60 additional hours |
| Exam | Required | Required |
| License Fee | $170 | $180 |
| Renewal Cycle | 4 years | 4 years |
| Continuing Education | 36 hours | 36 hours |
Conclusion
The Georgia Real Estate Commission is essential for maintaining professionalism, transparency, and consumer protection in Georgia’s real estate market. By regulating licenses, enforcing laws, and educating both professionals and the public, the commission ensures ethical standards are met. Understanding GREC’s role allows aspiring agents to build a compliant career and enables buyers and sellers to navigate transactions confidently. Staying informed about the commission’s procedures and requirements fosters trust, accountability, and safety in every real estate transaction across the state.
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