Georgia Real Estate Broker Exam — All Questions
3 questions
Real estate brokers in Georgia are licensed and regulated under O.C.G.A. Title 43-40 by:
- a.The Georgia Association of Realtors
- b.The Georgia Real Estate Commission (GREC)✓
- c.The Georgia Department of Revenue
- d.The county Superior Court
Georgia real estate licensing is governed by O.C.G.A. Title 43-40 and the GREC Rules (Chapter 520-1), administered by the Georgia Real Estate Commission (GREC). The Commission issues, renews, and disciplines broker, associate broker, and salesperson licenses. A trade association has no licensing power, and revenue and court agencies have separate roles.
In Georgia, the licensee who is responsible for a real estate firm and its trust accounts is the:
- a.Community association manager
- b.Salesperson
- c.Qualifying broker✓
- d.Closing attorney
Every Georgia brokerage firm must have a qualifying broker who is responsible for the firm's licensed activity, its trust/escrow accounts, and supervision of affiliated licensees. The qualifying broker is the point of accountability to GREC for the firm's compliance. Salespersons work under the broker, and the closing attorney has a separate role in Georgia closings.
To qualify for a Georgia broker license, a candidate generally must have:
- a.Held an active license for at least 3 of the prior 5 years and completed the 60-hour broker course✓
- b.A four-year real estate degree
- c.Ownership of at least five properties
- d.Only a high school diploma and nothing more
Georgia requires broker candidates to have been actively licensed (as a salesperson or associate broker) for at least 3 of the previous 5 years and to complete the 60-hour broker pre-license course before taking the broker exam. A degree or property ownership is not the qualifying path. Candidates should confirm current requirements with GREC.