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What is the Georgia Real Estate Commission (GREC)? If you practice real estate in Georgia, you’re going to want to know what GREC is all about. In fact, if you have a license, they know you because they approved your application. Let’s even up the score and get to know GREC.
GREC administers the real estate license law relevant to brokers, salespersons, and community association managers in Georgia. Specifically, we're talking about Title 43, Chapter 40 of Georgia Statutes and Codes. It's the law that standardizes processes and expectations within the real estate industry to improve outcomes for everyone involved.
GREC is also responsible for:
GREC does these things in order to meet its goal of protecting the public interest. Though GREC regulates license holders, it’s neither a lobbying group for real estate professionals nor a consumer protection organization.
Instead, GREC is charged with ensuring that the Georgia real estate world is one of equal opportunity and fair dealing for the general public.
GREC aims to achieve this by:
When are you, the real estate agent, most likely to have dealings with GREC?
GREC is made up of six members, who serve five-year terms. They’re appointed by the governor, then confirmed by the state senate.
Though you may not have day-to-day dealings with GREC in your career as a real estate agent, in many ways, they hold your professional fate in their hands. It makes sense to get to know they are and what they do.
Want to know more about being a real estate agent in Georgia? Check out our career center.