GREC REnews, 2020 July

GGRREECC RREENNeewwss July 2020
Volume 16 Issue 7

Monthly Newsletter of the Georgia Real
Estate Commission

2020 Calendar
In-Class Schedules and Events TBA
Link to the Georgia Real Estate License Laws, Rules, and Regulations
Link to GREC Disciplinary Actions View Current
Suspensions and Revocations
Link to Proposed Rule Changes

License Renewals

This Issue
Renewing Your License Disciplinary Stats GREC Job Opportunity Focus on Terminology

Renewing your License

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

Basic License

Renewal

You can renew your license 24

hours a day, seven days a

week, up to 120 days (4

months) prior to the renewal

date. You must renew by

midnight of your renewal due

date to avoid lapsing and

incurring a late fee. (Renewals

include Salesperson, Associate

Broker, Broker, CAM, Firm, and

Appraisers.

Online renewals will be

discounted by $25 and must be

processed by midnight on last

day of the month, or a late fee

will apply.

You may renew online by

clicking

on

Licensed

Professionals and go to the

Online Services Login on the

GREC home page.

Renewal Before
Completing CE
If you renew your license before you complete your education courses, your license is placed Inactive and you cannot practice real estate until you return your license to Active status.
If you must renew without all required education, after you complete your education hours and the hours are posted on your record, submit a Change Application signed by the Broker holding your license. Once the Change Application is processed by GREC, you can practice real estate.
For further explanation, please review the screen shot example continued on the next page.

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 1

I
Online Courses from 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
To sign up to receive the
GREC RENewsletter
Click Here

GREC RENews July 2020, Volume 16 Issue 7
If you Renew Before Completing CE...
Be sure to read the entire instructions when renewing before completing CE so that you understand that your license will become Inactive. Below is an image of this renewal page. Note the areas highlighted in yellow and red.
THE FEE TO RENEW YOUR LICENSE WILL BE $100.00

If you do not renew your license by the deadline, then your license is considered

"lapsed."

If a license is "lapsed" for more than 2 years and less than 5 years from the date of

lapsing, you can reinstate that license by paying fees in Rule 520-1-.04 and you must

retake the original prelicense course ( Salesperson, Broker, CAM) before you pay.

If a license is lapsed over 5 years, you must start over as an original applicant for

licensure.

Therefore, it is important to pay the fee to renew inactive even if you have not yet completed your education requirements.

Save $25 by

There is no fee required to re-activate your license if it has been

Renewing

renewed.

Online instead

A Change Application must be signed and submitted to GREC if you renew your license before education is completed.

of by mail.

Submit a Comment or suggestion Click Here
Georgia Real Estate Commission Suite 1000 International Tower 229 Peachtree Street NE Atlanta, GA 30303-1605 Phone 404-656-3916

Job Opportunity at the Georgia Real Estate Commission Opening for an Information Specialist
If you or someone you know is interested in applying for the position of Information Specialist, click the following link to obtain further information regarding qualification
sand the application process. https://grec.state.ga.us/job-opportunity-at-grec/
The Application Deadline is August 31, 2020.
Focus on Terminology: "Inactive and Lapsed"
An inactive license is not affiliated with a brokerage firm, but the renewal fees have been kept current. A lapsed license has not been renewed, meaning no renewal fees were paid, and education requirements have not been met, and the license is not affiliated with a firm. In either case, the licensee CANNOT practice real estate brokerage.
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