Cost To Get Real Estate License In Georgia
Obtaining a real estate license in Georgia can be a great way to start a new career or to supplement your current income. However, before you can start selling properties, you need to obtain your real estate license. The process of getting your license involves several steps, including completing pre-licensing education, passing a licensing exam, and paying various fees.
Pre-Licensing Education
The first step in obtaining your real estate license in Georgia is to complete pre-licensing education. The Georgia Real Estate Commission requires that you complete a 75-hour course from an approved provider. This course covers topics such as real estate law, contracts, financing, and appraisal. The cost of the course varies depending on the provider, but it typically ranges from $300 to $500.
Licensing Exam
After you have completed your pre-licensing education, you will need to pass a licensing exam. The exam consists of 152 multiple-choice questions, and you will have four hours to complete it. You must score at least 75% to pass. The exam fee is $121, and you can take it at one of the five PSI testing centers in Georgia.
License Application
Once you have passed the licensing exam, you can apply for your real estate license. The application fee is $170, and you will also need to provide a criminal background check. The background check fee is $52. You can apply online through the Georgia Real Estate Commission's website.
Other Fees
In addition to the fees mentioned above, there are a few other costs associated with obtaining your real estate license in Georgia. You will need to purchase errors and omissions insurance, which covers you in case of a lawsuit. The cost of this insurance varies depending on the provider, but it typically ranges from $300 to $500 per year. You will also need to pay for your license renewal every four years, which costs $125.
Conclusion
Obtaining a real estate license in Georgia requires completing pre-licensing education, passing a licensing exam, and paying various fees. The total cost of obtaining your license can range from $800 to $1,200, depending on the provider you choose for pre-licensing education and errors and omissions insurance. However, once you have your license, you can start selling properties and earning commissions. The real estate industry can be a lucrative and rewarding career, so it may be worth the investment to obtain your license.