So you’re thinking about becoming a real estate agent? Great plan! It doesn’t cost much to get your real estate license in Georgia, and your earning potential is basically unlimited!
There are a few hoops to jump through in order to become a real estate agent, but they won’t cost you much compared to what you can make. In fact, you can completely cover the cost of becoming a real estate agent in Georgia with the commission from your very first real estate deal.
What It Costs to Get Your Real Estate License in Georgia
Overall, the cost to get your real estate license starts at around $500. Let’s take a look at the different real estate license costs in Georgia and the requirements of getting your Georgia real estate license.
Cost #1: Pre-License Real Estate School Course: $200+
The first step in your journey to getting a real estate license in Georgia is to take the state-required pre-license course.
Real estate schools vary in terms of curriculum, student support, and cost, so spend a little time comparing schools to find the best option for you. As you look at real estate schools, pay special attention to:
- Exam pass rates. How well do the students from each school do on the state real estate exam?
- Access to the course materials. Do you have to attend courses on campus? Can you access the coursework from your cell or tablet?
- Student support. Will there be real estate professionals available to answer your questions?
- Price. How much is your real estate school? Will your student experience be worth the expense?
Cost #2: License Fee: $170
To apply for a license, simply submit an application to the Georgia Real Estate Commission (GREC) along with a $170.00 license fee. This fee will cover you for four years of licensure.
Cost #3: Exam Fee: $121 per attempt
Next, you’ll need to take the state exam. How much is the Georgia exam? The current exam fee for the sales agent license is $121 per attempt. It’s a difficult test, and many people need two or even three attempts to pass it. Passing on the first try will save you time and money. This is why it’s important to check out pass rates when choosing a real estate school!
Cost #4: Background Check: $30
Anyone who is applying for a real estate license must pay for a background check through the Georgia Crime Information Center to check for any criminal history.
The Total Georgia Real Estate License Cost - $500+
Adding all these costs together, you should expect to pay approximately $500 to get your real estate license in Georgia, with the biggest variable in cost being which real estate school you choose.
Other Costs to Become a Real Estate Agent
Next, let’s take a look at some of the costs associated with being a new agent.
Cost #1: Brokerage Desk Fees: $0 to $3,600 per year (varies)
New agents must work under a broker, and some brokerages charge monthly fees to agents in exchange for office space, mentoring programs, and training. You’ll want to do your homework when you pick a brokerage to join.
Cost #2: REALTOR® Dues: $150 to $900 per year
Most agents choose to become official REALTORS® by joining the National Association of REALTORS® (NAR). You’ll also probably want to join your city’s local real estate board. These organizations offer tools and resources that can help you succeed as an agent. Dues for NAR were $150 as of 2022.
Cost #3: Marketing Materials: $200 to $3,000 per year (varies)
You will need to budget some money for your marketing needs. You’ll need to print business cards, property flyers, signs, and mailers, and create a website to advertise both you and your properties.
Cost #4: Post-licensing Course: $100+
Georgia requires you to take a 25-hour post-licensing course in your first year as a salesperson. Be sure to budget some time and money to fit these courses in!
Cost #5: Living Expenses: varies
It can take months to close your first deal. You’ll need to find your first clients and see that deal through to close before you collect a commission check. According to the Bureau of Economic Analysis, the average cost of living in Georgia is $38,165 per year per person, so consider what you’ll need to budget for as you’re starting out.
The Total Cost of Becoming a Real Estate Agent in Georgia - $800+
Adding all these costs together, you should expect to pay somewhere around $800 to $7,000 (plus living expenses) for your first year being a real estate agent in Georgia. These are rough estimates, but it gives you an idea of what to expect.
- Pre-License Real Estate School Courses: $200+
- Licensing Fee: $170
- Exam Fee: $121 per attempt
- Background Check: $30
- Brokerage Desk Fees: anywhere from $0 to $3,000 per year
- Membership Dues: $150 to $900 per year
- Continuing Education Courses: $100+
- Marketing Materials: $200 to $3,000 per year
- Living Expenses for 2 to 6 months
Is a Georgia Real Estate License Worth the Cost?
With all these upfront fees, and the slow start to your new income, you may be wondering: Is my real estate license worth it?
As long as you’re a hard-working self-starter, the answer is a resounding YES!
The Bottom Line
A career in real estate is exciting, fulfilling, and flexible. And it’s also high-paying if you’re willing to work hard and stick with it!
Ready to take the next step toward becoming an agent? You can learn more about how much it costs to get your license and even sign up to take a pre-licensing course today!