Broker News
GREC Proposed CE Changes for Brokers
May 17, 2024
The Georgia Real Estate Commission has proposed changes to two rules regarding the Continuing Education (CE) requirements for all Georgia Brokers. Below is a summary of the main features and reasoning for the proposals.
Proposed change to Rule 520-1-.05
- Main Features: This rule would require a minimum of eighteen CE hours of topics specific to Broker education. The 18 hours will be included within the 36 hours of CE currently required of Georgia Brokers during each 4-year renewal period and will address core activities performed by Brokers in their daily real estate activities.
- Purpose: The purpose of this proposed amendment is to ensure a minimal level of competence from licensed Georgia Brokers while conducting real estate brokerage activities. A minimal level of competence protects the public interest in real estate which is the core mission of the Georgia Real Estate Commission.
Proposed change to Rule 520-2-.04
- Main Features: Broker CE courses shall be a minimum of three credit hours long and shall contain subject matter on any of the following topics: training Licensees, supervising Licensees, reviewing Brokerage Agreements, or managing a Firm. These topics are broad enough that Broker CE courses can be developed by real estate Schools and offered to Brokers practicing all types of real estate brokerage activities. Real estate brokerage activities include residential and commercial transactions, property management, community association management, apartment management, and auctions.
- Purpose: The purpose of this rule is to define the subject matter of the specific CE courses offered as Broker CE courses.
The full text of the proposed changes may be found HERE.
Written comments can be submitted to Commissioner Lynn Dempsey via email: ldempsey@grec.state.ga.us
or by mail to:
Georgia Real Estate Commission
Attn.: Commissioner Dempsey
Suite
1000 International Tower
229 Peachtree Street, N. E.
Atlanta, Georgia 30303
The proposed amendments will be considered for adoption by the Commission at its meeting on June 12th, 2024, at 9:30 a.m. following a Public Hearing to provide licensees and the public an opportunity to comment upon and provide input into the proposed changes.
All comments should be submitted before June 12, 2024, for consideration.
About the PCBR Market Brief
The Pickens County Board of REALTORS® (PCBR) Market Brief is compiled by First Multiple Listing Service (FMLS). For more information on details of this month's report, please contact the Board at 770.866.1397.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Pickens County Board of REALTORS®
The Pickens County Board serves as a central source of information for our members and our main focus are real estate education, the promotion of professionalism in our industry and representing our REALTOR® members with legislative initiatives to create positive change for the real estate community. Throughout its history, the Pickens County Board has exerted its influence in civic affairs in its capacity of representing a substantial segment of the business community across the Pickens area. The Board has contributed to various charities over the years by hosting fundraisers.
About First Multiple Listing Service
First Multiple Listing Service (FMLS) is the premier data services provider for real estate professionals in Georgia. FMLS was founded in 1957 by a group of Brokers who wanted to share their listings and connect buyers and sellers. Today FMLS is the largest MLS in Georgia & the 4th largest MLS in the United States, serving nearly 54,000 real estate Agents & Brokers. For additional information or to start a discussion about how to partner with FMLS please contact join@fmls.com.