Any individual who successfully passes the salesperson licensing examination may apply to place his or her license on inactive status rather than activating it with a broker. Licensees with an inactive status are still required to pay the renewal fees as they are due.
What can an inactive real estate agent do in Georgia?
An active license means you have a sponsoring broker, which allows you to engage in real estate brokerage activities, such as selling or leasing properties. An inactive license means you do not have a sponsoring broker and you cannot engage in any real estate brokerage activities.
How do I file an inactive real estate license in Georgia?
In order to reactivate an inactive license, submit the appropriate application, forms, and fee to the Board. If a license is inactive for twelve months or less, but no more than twenty-four months, the applicant must submit forty (40) hours of CE obtained since the Board’s last renewal period.
Can you sell real estate in Georgia without a license?
An individual who acts as a Broker without a license from the State of Georgia can be charged with a misdemeanor. The Commission can impose a fine not to exceed $1,000 for each violation of the statute, with each day that a person practices in violation of Georgia law constituting a separate violation.
How long can Ga real estate license be inactive?
However, Georgia law requires that any licensee with a license on inactive status for more than two years complete six hours of education for every year the license was inactive prior to returning to active status. Courses must be taken no more than one year prior to the date of the reactivation of the license.
How long do real estate agents need to keep files in Georgia?
Copies of sales contracts, brokerage engagements, closing statements, leases, and other documents related to a real estate transaction required by law to be maintained in a broker’s file for three years shall be made available to authorized agents of the Commission upon reasonable request and at a reasonable cost to …
When a licensee’s license has lapsed What is the period of time within which the licensee may request reinstatement and have to retake the pre license course?
The licensee must reinstate the license within 1 year after it lapses. The license must be immediately surrendered to the Commission.
Can a realtor buy their own listing?
There’s nothing legally against a listing agent buying their own listing. But there can be some complications depending on your broker. Some brokerages actually encourage their agents to purchase properties. This ensures that properties are purchased even if they don’t sell on the open market.
Can my Realtor fire me?
An agent can fire their client?” Absolutely. The listing or buyer representation agreements go both ways, and in rare cases, it absolutely makes sense for an agent to move on from a client.
Can you pay a referral fee to an unlicensed person in Georgia?
A licensee cannot pay a referral fee to a non-licensee for referring a client or customer to the licensee.
How many times can you retake the Georgia real estate exam?
The passing score for one section of an examination is valid for two retakes of the failed section or six months, whichever comes first. Candidates who fail the first attempt at the examination may retake it as soon as they want (however you cannot schedule until the day after you took the examination).
How long does real estate license last?
A. – The term of a real estate license is four years.