You already know Georgia real estate agents make good money, but the real question is how much it costs to get licensed. Applicants can expect to pay at least $566 to get a license and $250 to keep it active every four years.
Here’s how the cost of getting a Georgia real estate license breaks down.
Real Estate Courses: $250+
One of the first requirements for earning a Georgia real estate license is completing a 75-hour salesperson pre-license course. You can complete the education at:
- A real estate school that’s been approved by the Georgia Real Estate Commission (GREC) - coursework can be done online or in a classroom.
- Out-of-state school that provides an equivalent agency-approved salesperson course.
- Accredited college, university or law school in the U.S. or Canada (10 quarter hours or 6 semester hours in real estate are required).
Salespersons who are working towards a brokers license have to complete the 60-hour Broker's Prelicense Course, which can be done through one of the three providers above.
The fees are going to vary from one GREC-approved real estate school to the next. If you decide to take the courses at a college or university they’ll probably be more expensive. In general, an online course is going to be the least expensive because you don’t have to worry about related costs (i.e. gas, parking fees, babysitter fees, etc.).
Online schools offer the 75-hour Salesperson Prelicense Course for around $250. The broker's course is typically about the same cost. Just keep in mind that some packages provide additional perks like exam study guides and practice tests.
Background Check: $25+
The GREC requires that state residents obtain a Georgia Crime Information Center (GCIC) report as a part of the application process. You can get one at a local police or sheriff’s department, but you have to pay a fee first. The cost of the report can be up to $25.
Applicants that live outside of Georgia must get a report from their home state that’s the equivalent to the GCIC or a National Crime Information Center [NCIC] report. You’ll also have to get an NCIC report if you have charges or convictions in multiple states.
Exam Fee: $121+
Both the Georgia salesperson exam and the broker exam are $121. However, you’ll have to pay the exam fee again if you:
- Have to reschedule the exam date more than once.
- Try to reschedule less than two business days before your scheduled exam.
- Fail to show up on your scheduled day.
- Show up more than 15 minutes late to the test.
- Don’t have the proper IDs and documents on exam day.
- Fail and have to retake the exam.
License Application Fee: $170-$340
It may be a simple piece of paper, but a Georgia real estate license is worth a lot of dough. The license fee is $170 for brokers and agents if you apply within 90 days of passing the exam. It’s a good idea to go ahead and get your license ASAP because the fee goes up to $340 after 90 days.
On the bright side, the fee covers your licensure for four years.
Continuing Education Fee - $150-250+
If you’re a new agent, continuing education is going to cost you a little more in the first year. That’s because you have to complete a 25-hour Sales Postlicense Course in the first 12 months of having a license. Online real estate schools usually offer the course for around $99.
After the first year, all agents must finish 36 hours of continuing education before they can renew. Individual 3-hour courses (including the mandatory License Law course) can be completed online for $40. There are also complete CE packages for $150-160.
Renewal Fee - $100+
Every four years you have to renew your real estate license to keep it active. In addition to meeting the continuing education requirement, you’ll also have to pay a renewal fee.
The current renewal fees for Georgia are:
- $125 for timely renewal ($100 if you submit online)
- $100 additional for reinstatement fee if you renew late within four months of license expiration (+$25 a month after four months)
The fees above are the absolute essentials that must be paid to get a license and keep it. Along the way there may be a few other expenses, like:
- Sample National Real Estate Salesperson Examination - $15-25
- Duplicate Certification of Accuracy Statement - $3.50-15 (depending on how requested)
- Georgia Association of Realtors annual fee - $98
- National Association of Realtors annual fee - $155
Marketing materials are another expense that real estate agents have to budget for right from the beginning. Those expenses can range from zero to thousands of dollars. It all depends on the marketing channels you use and the support you get through your broker.