Many people who inspired to be a real estate agent in Georgia want to know how to become one and how much it costs to become one. This article covers the cost of becoming a real estate sales person.
- A Georgia resident needs to take 75 hours of Georgia Sales Pre-license class and pass the class exam with at least 75% accuracy rate. There are classroom options and online options. Online options cost between $200 to $400 ($325 on http://www.namar.org/?page_id=153). Class room lessons cost around $400 ($449 on MetroBrokers Academy www.metrobrokers.com/academy/prelicense)
- Georgia Bureau of Investigation (GBI) back ground check at local police station, which is required to obtain a license, $15
- Candidate needs to take Georgia State Salesperson Exam, include national and state exam. Exam takes 4 hours. AMP administers (http://www.goamp.com) the computerized exam at this time. The cost for the exam is $115.
- License fee. If the candidate passes the state exam, s/he pays $170 non-refundable license fee for the state to issue him/her a real estate sales license.
- New licensee needs to take 25 credit hours of Georgia Real Estate Post Licensing classes. Online version costs around $139.99 (http://www.namar.org/?page_id=153)
- Electronic lock box key from Supra, activation fee is $50 and monthly service fee is $15.81
- Join a realtor association so standard real estate forms can be used. Activation fee is $25, yearly membership fee is $400 (http://www.namar.org)
- Join a real estate broker. This can be as low as $25/month or even free. But normal cost is around $100/month.
- Print business 1,000 business card, cost is $54
Summary:
One Time cost:
| Pre-license class |
$400.00 |
| Background Check |
$15.00 |
| Exam Fee |
$115.00 |
| License Fee |
$170.00 |
| Post-License classes |
$140.00 |
| Electronic Lockbox key activation |
$50.00 |
| Realtor association joining fee |
$25.00 |
| Business card |
$54.00 |
| Total One Time Fee |
$969.00 |
Yearly cost:
| Broker fee ($100/month) |
$1,200.00 |
| Lock box key fee ($15.81/month) |
$189.72 |
| Realtor Association ($400/year) |
$400.00 |
| Total |
$1,789.72 |