GGRREECC RREENNeewwss November 2028 Volume 18 Issue 11 Monthly Newsletter of the Georgia Real Estate Commission 2022 Calendar GREC Annual School Meeting December 1-2, 2022 Pine Mountain, GA Click Here To Register Link to the Georgia Real Estate License Laws, Rules, and Regulations Link to GREC Disciplinary Actions View Current Suspensions and Revocations This Issue: Licensing Stats P.1 Opportunities at GREC P.1 Disciplinary Stats P.1 GREC/GREAB Annual School Meeting P.2 Turkey Terminology Tumble P.2 Licensing Stats and GREC Activity At the recent Education Advisory Meeting of the Georgia Real Estate Commission in October, the Commission provided a report of the trending number of licensees. The total number of 113,430 real estate Licenses is the largest number for the state in the Commission's history. (86% active and 14% inactive.) This is a net increase of 4,763 Licenses in the last year. The Commission currently issues an average of 800 new licenses per month down from 1,200 licenses per month a year ago. In addition to processing applications, the Georgia Real Estate Commission answers approximately 6,000 calls and 1,000 emails per month. The following is the breakdown of the 97,070 Active Licensees: Brokers, Salespersons, CAM 88 % (20% are Brokers.) Real Estate Firms 12% The number of licensed Appraisers is 4,279 down from 4,236 the year before. The number of licensed Appraisers has remained steady the past few years after many years of a slow decline. The number of investigative cases for both Real Estate and Appraisal is currently 640. The majority, 90%, of the cases concern real estate Licensees primarily because there are more real estate licenses. Of the real license investigations, about half are background application cases from individuals applying for a license. Two Opportunities at the Georgia Real Estate Commission Investigator Position Information Specialist Position Link to Proposed Rule Changes Click Here Click here to review a legend of the disciplinary actions the Commission may impose. Page 1 GREC RENews November 2022, Volume 18 Issue 11 Online Courses frhottmp 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 To sign up to receive the GREC RENewsletter Click Here The GREC Annual School Meeting is being held Friday, 12-2-2022, in conjunction with the GREEA-sponsored Instructor Workshop on Thursday, 12-1-2022. The venue is Callaway Resort & Gardens in Pine Mountain, Georgia. GREC Annual School Meeting: Friday, December 2, 8:30 AM-4:30 PM GREEA Instructor Workshop: Thursday, December 1, 9:00 AM-4:30 PM (Morning and Afternoon Sessions with Instructor and CE credit) GREEA Annual Dinner & Business Meeting: Thursday, December 2, 6:00 PM-9:30 PM. To register go to - http://www.annualschoolmeeting.com/asm/welcome/ To reserve your hotel room go to - http://www.annualschoolmeeting.com/asm/hotel/ For all details go to http://www.annualschoolmeeting.com/asm/welcome/ Approved Georgia Real Estate Instructors must obtain 36 education hours during each 4-year renewal period. The Rule requires that 12 of the 36 hours of continuing education must be obtained at the Commission annual meetings for approved schools and instructors. bsolutely ust now All Licensees, Schools, Instructors, have 1 month to notify the Commission of a change in address or email. Rule 520-1-.05 (5) (b) "Each licensee, approved school, or approved instructor must notify the Commission in writing within one month of any change in any such licensee's, approved school's, or approved instructor's mailing address or residence address, or email address if an email address is maintained by such licensee, approved school, or approved instructor." 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 Page 2