GREC RENews, 2023 December

GGRREECC RREENNeewwss December 2023
Volume 19 Issue 12

Monthly Newsletter of the Georgia Real
Estate Commission

Happy Holidays from
the Georgia Real Estate Commission!
Link to the Georgia Real Estate License Laws, Rules,
and Regulations
Link to GREC Disciplinary Actions View Current
Suspensions and Revocations

This Issue: Tips on Stips Opportunities at GREC GREC Notes on Website Disciplinary Stats

P.1-2 P.1 P.1-2 P. 2

Tips on Stips
Every real estate negotiation or transaction is unique by nature of the individuals involved and the property itself. Therefore, Special Stipulations are often needed to customize the transaction to the situation.
The Georgia Real Estate License Law does not require that any specific contract forms be used, only that they are written by legal counsel. About forty percent (40%) of Georgia Real Estate Licensees are members of the Georgia Association of Realtors and as members they have access to the GAR Contract forms. (*See below for further information on the use of GAR Contract forms.) They do provide many Special Stipulations that address common contract issues. However, not everyone uses these forms and not every situation is common.
In those cases, the real estate Licensee must create a Special Stipulation for the specific situation. Although a Licensee is not authorized to practice law and draft legal documents, the Licensee in Georgia is allowed to write Special Stipulations for a contract that is written by an attorney.
Consider the following tips for writing a Special Stipulation: Continued on Page 2

Two 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

GREC Notes: Information at a Glance
The Georgia Real Estate Commission website includes a new section. The GREC Notes on the Home page provides a quick reference of common rules, issues and processes while referring to applicable License Law and State of Georgia Laws. Subjects currently include: Advertising Rules Firm Status Report Licensee Owned Properties Paying Commissions to an Unlicensed Business Entity Reciprocity for Real Estate Licensees Renewing Your Individual Real Estate License This information is a quick resource that can be used in Broker training classes, sales meetings, and as a reference for the individual Licensee.
Continued on Page 2
Page 1

Online Courses fhrttop m
I
GREC approved for:
License Law Continuing Ed Instructor CE 3 - 9 Hours CE 1. Being a Broker and Staying Out of Trouble 2. Avoiding Trust Account Trouble 3. Practicing Real Estate & Staying Out of Trouble
Click Here to Enroll $10 Each

GREC RENews December 2023, Volume 19 Issue 12
Tips on Stips
... Continued from Page1
Determine the desired outcome for both the buyer and the seller, or the landlord and the tenant.
Include a deadline for the circumstance. Be clear as to what happens to either party if the deadline is or is not met. Be
specific. Have someone not involved in the transaction read the stipulation to be sure
it is clear to them as to what is meant by the paragraph(s). Make sure the Special Stipulation is referenced as being part of the contract. If possible, have an attorney write or review the special stipulation.
The goal is to meet the needs of all parties and close the transaction. If a Special Stipulation is unclear or written poorly, it could make the contract unenforceable. Take advantage of the resources provided by your Broker, GAR, and real estate schools that provide contract classes, review of newly updated forms, and negotiation courses.
*The Georgia Association of Realtors forms are copyright protected and members of the GAR are licensed to use them. If the Licensee is not a member of GAR, he/she might purchase the right to use them upon agreeing to the terms of use. Anyone using the GAR contract forms must use only the current dated forms (no outdated forms) or be in violation of the license granted to use them.
For further information, visit the https://forms.garealtor.com/ and https://forms.garealtor.com/PDFs/GARFormsLicenseAgreement.pdf

To sign up to receive the
GREC RENewsletter
Click Here
Submit a Comment or suggestion Click Here

GREC Notes and State of GREC
... Continued from Page1
Also on the Home page is the State of the Commission Section providing regularly updated information such as the following:
Commission Members. Staff of the Commission. Licensing statistics. For example, there is an average of 433 new Licensees
per month in Fiscal Year 2023-2024. Budget Information. Statistics on the number of pending investigative cases. Ongoing Projects such as paperless processing and a plan to address Broker
continuing education requirements.

Georgia Real Estate Commission Suite 1000 International Tower 229 Peachtree Street NE Atlanta, GA 30303-1605 Phone 404-656-3916

Click here to review a legend of the disciplinary actions the Commission may impose.
Page 2