Georgia Real Estate License Guide

If you are here, you are most likely looking to get your Georgia Real Estate License. Well let me commend you. Getting your license is one of the best steps to rising up above the real investing community, as well as just a cool career and way to make money. The freedom and ability to work with different people all the time can get very exciting. But let’s take a quick look at some of the benefits of getting your license, as well as some of the costs.

One of the best benefits of being a real estate agent is that instead of paying a real estate agent, you get to keep the money for yourself. And with the typical real estate agent charge being around 6%, that is a large amount of savings for any one deal, thousands of dollars in many cases.

Let’s just say that you started off by selling your own house, and you were able to sell it for $150,000. That would be a commission of $9,000! A commission you would have paid someone else, but now can keep for yourself. This was a big attraction for me.

But beyond that, you’ll also have access to the local MLS (multiple listing service). This will provide you access to all the properties that have been listed for sale by other realtors in the area. So aside from FSBOs (for sale by owners) you have the entire market right at your finger tips. You can run comparative analysis, look at historical data, and get a good understanding of how the market sits, and how you can find great deals. And with being able to check it any time you want, you can be the first one to see a new, great deal pop up.

OK, so let’s look at the costs. GREC (Georgia Real Estate Commission) has an application fee of $170 if you are applying within three months of taking your exam ($340 if outside that time), and a $97 testing fee. There is also some education requirements, which can be anywhere from less than $300 and up. You can complete the Georgia education requirements here.

So bottom line, you’ll have somewhere around $570 invested in your Georgia real estate license. Not bad when you consider our example above. If you made $9,000 on that first deal, that is a net gain of $8,430!

So outside of a little bit of time and hassle, you can do really well by getting your license. Trust, I am sure am glad I have a real estate license! I have made quite a bit of money with it.