Compilation of Rules and Regulations of the State of Georgia › Department 520 - GEORGIA REAL ESTATE COMMISSION › Chapter 520-1 - LICENSURE AND BROKERAGE › Rule 520-1-.04 - Obtaining a License

Current through Rules and Regulations filed through June 27, 2024
(1)
Fees.
Whenever an individual
			 applicant activates an original license, that applicant shall pay an activation
			 fee and a renewal fee which shall cover all fees due the Commission until the
			 applicant's month of birth in the fourth calendar year following the calendar
			 year in which the license was activated. Whenever a firm applicant activates an
			 original license, that firm shall pay an activation fee and a renewal fee which
			 shall cover all fees due the Commission until the month of the fourth
			 anniversary of the activation of a license by the firm.
(a) Fees for all licenses and services
			 performed by the Georgia Real Estate Commission shall be as follows:
1. The activation fee for original licensure
			 as an individual broker, associate broker, salesperson, community association
			 manager shall be $45.00 which includes $20.00 for the Real Estate Education,
			 Research, and Recovery Fund; and the activation fee for original licensure as a
			 firm or an approved school or instructor shall be $75.00 which includes $20.00
			 for the Real Estate Education, Research, and Recovery Fund;
2. Renewal fees for the four year renewal
			 period shall be $125.00 for each firm licensed as a broker and each approved
			 school and $125.00 for each individual licensee and each approved instructor if
			 submitted and paid in any manner other than through the Commission's Internet
			 on-line renewal system and $100.00 for each firm licensed as a broker and
			 $100.00 for each individual licensee and each approved instructor if submitted
			 and paid through the Commission's Internet on-line system.
3. In addition to the renewal fee due, the
			 fee for reinstatement of any license or approval which lapsed for nonpayment of
			 fees or for failure to meet education requirements shall be as follows:
i. if the license or approval is reinstated
			 within four months of the date of lapsing, $100.00;
ii. if the license or approval is reinstated
			 more than four months after the date of lapsing, $100.00 plus an additional fee
			 of $25.00 for an individual or instructor or $50.00 for a firm or school for
			 each month or portion of a month beyond six months from the date of lapsing;
			 and
4. $25.00 (1) for
			 failure to notify the Commission in writing within 30 days of a change of
			 address, of the opening or closing of a designated trust account, of
			 transferring to a new company, or of leaving a firm to go on inactive status;
			 (2) for failure to affiliate with a new company or to apply to go on inactive
			 status within 30 days of the Commission's receipt of notice that the broker
			 holding the licensee's license no longer wishes to do so and has mailed a
			 letter to the licensee's last known address indicating that the broker is
			 returning the license to the Commission; and (3) whenever it is necessary for
			 the Commission to return an application because of the application is
			 incomplete;
5. $100.00 for
			 submitting to the Commission a check that is returned unpaid or for disputing a
			 charge to a credit card for a fee owed to the Commission when the dispute
			 results in a chargeback to the Commission's account; and
6. Whenever an instructor or school applicant
			 applies for an original approval, that applicant shall pay an activation fee
			 and a renewal fee which shall cover all fees due the Commission until December
			 31st in the fourth calendar year following the calendar year in which the
			 applicant's approval is granted.