Must Georgia property managers have a real estate broker's license?
YES. A real estate broker's license is required for any person or company that, for compensation, negotiates or attempts to negotiate, or assists in procuring prospects for the listing, renting or lease for any real estate or improvements, holds him or herself out as a referral agent for the purpose of securing prospects for the listing, renting or lease for any real estate, collects rents, assessments or other trust funds or attempts to collect rents, assessments, or other trust funds; or performs property management services or community association management services. A salesperson working under a broker may engage in such activities.
"Property management services" means the provision, for compensation, of marketing, including referring prospective tenants; leasing; physical, administrative, or financial maintenance; and overall management of real property; or supervision of the above activities pursuant to a property management agreement.
"Community association management services" means the provision, for compensation, of management of administrative services for the operation or affairs of a community association, including collecting, controlling or disbursing funds, obtaining insurance, arranging for and coordinating maintenance to the association property, and otherwise overseeing the day-to-day operations of the association.
A community association manager is a person who acts on behalf of a real estate broker in providing only community association management services.
Must Georgia community association management companies have a real estate broker's license?
YES. Community association management is an activity that must be done under a broker's license. In addition, the person doing the management must have a community association manager's license.
Georgia Real Estate Broker Requirements
In order to qualify for a broker or associate broker's license, an applicant must:
- Have attained the age of 21 years;
- Be a resident of the State of Georgia, unless that person has fully complied with the provisions of Code Section 43-40-9;
- Be a high school graduate or the holder of a certificate of equivalency;
- Have served actively for three years as a licensee;
- Furnish evidence of completion of 60 in-class hours in a broker's course of study approved by the commission, provided that if licensed as a community association manager, the applicant must furnish evidence of completion of an additional 75 in-class hours in courses or a course of study approved by the commission; and
- Stand and pass a real estate examination administered by or approved by the commission covering generally the matters confronting real estate brokers after completing the requirements of paragraph (5) of this subsection and after serving at least two years of active licensure.
In order to qualify for a community association manager's license, an applicant must:
- Have attained the age of 18 years;
- Be a resident of the State of Georgia, unless that person has fully complied with the provisions of Code Section 43-40-9;
- Be a high school graduate or the holder of a certificate of equivalency;
- Furnish evidence of completion of at least 25 in-class hours in a community association manager's course or courses of study approved by the commission; and
- Stand and pass a real estate examination administered by or approved by the commission covering generally the matters confronting real estate brokers who provide community association management services and community association managers after completing the requirements of paragraph (4) of this subsection.
Failure to meet any of these requirements shall be grounds for denial of license without a hearing.
