GREC RENews, 2023 October.

GGRREECC RREENNeewwss October 2023
Volume 19 Issue 10

Monthly Newsletter of the Georgia Real
Estate Commission

# 1

This Issue

Tips on Renewing Your License

P. 1

GREC Job Opportunities

P. 1

Disciplinary Stats

P. 1

AMK

P. 2

2023 Calendar
GREC Annual Schools Meeting Nov 30 - Dec 1, 2023

Focus on Terminology

P. 2

Tips About Renewing Your License

Athens, GA

Sometimes uncontrollable events and life circumstances impact a Licensee's ability to

complete the continuing education (CE) hours required to renew a real estate license on time.

Click for More Info

However, procrastination is often the culprit. A Licensee has 4 years to obtain 36 hours of CE,

and Registration

including License Law. The hours may be completed over the 4 years or completed within a

short period.

If a Licensee waits until the last minute to complete the required continuing education hours,

he or she needs to realize that the Real Estate School has up to 10 days to verify course

completions and upload them to the license record.

If your License renewal date is coming close to the end of the month, finish your courses

Link to GREC Disciplinary Actions
View Current Suspensions and
Revocations

BEFORE renewing your license. Before renewing, a Licensee should verify that all Continuing Education hours, including
the required License Law course, are posted to their GREC license record. If you Renew your License BEFORE all completed CE hours are posted to your License
record, the License will be renewed to an INACTIVE status, and you cannot practice real estate until the License is returned to active status.

If a License is renewed to an Inactive status, a Salesperson or Associate Broker must obtain

a signed Change Application from their Broker to return the License to Active status. In this

case, once you complete the required CE hours for Renewal, your License does Not

automatically become Active. You must submit a Change Application. Once that is received

and processed, the status of required CE hours will be updated in the GREC online system.

Then the number of hours of CE required for the current renewal period will be displayed.

Continued on page 2...

To sign up to receive the GREC
RENewsletter Click Here

Job Opportunities at the Georgia Real Estate Commission
Investigator Click for More Information
Information Specialist Click for More Information

Link to Proposed Rule
Changes

Click Here

Page 1

SUBMIT
Comments &
Suggestions
H
Online Courses from GREC
$10 each 3 Hour CE
Course
Total of 9 Hours CE Available (Approved as License Law
CE and approved as Instructor CE)
"Avoiding Trust
Account Trouble"
"Practicing Real Estate & Staying
Out of Trouble"
"Being a Broker and Staying Out of Trouble"
Click Here
Georgia Real Estate Commission Suite 1000 International Tower 229 Peachtree Street NE Atlanta, GA 30303-1605 Phone 404-656-3916

GREC RENews October 2023, Volume 19 Issue 10
Tips About Renewing your License...
If a Broker renews his/her License to an Inactive status., the Broker must also file a Change Application to return the License to active status.
If a Broker's License is Inactive for more than 60 days, the Firm License is placed on an Inactive status inactivating the Licensees affiliated with the Firm.
Inactive means you cannot obtain listings, negotiate contracts, show properties, or otherwise practice real estate brokerage activities.
The Change Application can be obtained from the GREC website under the Forms and Applications tab at https://grec.state.ga.us/formsapplications/applications/real-estate/. The Change Application must be signed by the Broker and submitted to GREC by email or postal mail. Plan to allow time for processing your license to be returned to Active status.
Do not Wait Until the Last Minute!
It is the responsibility of the Licensee to manage and maintain your Real Estate License.
Absolutely Must Know Section
Take Advantage of the Real Estate Online Transactions and Application
Forms on the GREC Website
Obtain Forms https://grec.state.ga.us/formsapplications/applications/real-estate/
Update Contact Information. (You must update your email address, residence address or mailing address within 1 month (30 days) of any change.)
Change the Firm Address. Update Trust Account Information. Add or Update Agents. Obtain a Status Report of Licensees affiliated with the Firm. Print a License. Review Payment History. Licensees can verify Course completions.
Focus on "Commission"
A commission can be defined as a charge for service, compensation, a fee, or basically anything of value.
In order to receive payment for real estate services, that person must be licensed. In order to be paid for real estate services, the Licensee must have his/her License on
Active status at the time of conducting the real estate services. An inactive Licensee can be paid a commission if the service was provided while
his/her License was Active, but not if the License was inactive at the time of service. It is a violation of the Unfair Trade Practices to practice real estate without a License.
Page 2