Property Management requirements in Georgia
Must a Georgia property management company have a real estate broker's license?
YES. Key components of property management (renting and leasing) are considered real estate activities under existing Georgia real estate licensing laws. According to Georgia rules, "property management services" mean:
The provision, for valuable consideration, to another of marketing, including referring prospective tenants; leasing; physical, administrative, or financial maintenance; and overall management of real property; or supervision of the foregoing activities for another pursuant to a property management agreement.
A real estate license is required to perform these services. A salesperson working under a broker may engage in such activities. Also, unlicensed employees of brokers may engage in limited activities, such as receiving lease applications, showing rental units, and menial tasks, as long as certain conditions are met.
Are there any exceptions to the requirement that a Georgia property manager have a broker's license?
YES. An exception is available to unlicensed full-time employees of property owners (who are also unlicensed) to perform real estate brokerage activity on property owned by the unlicensed employer.
Before hiring a property manager to manage your Georgia rental property, you should always check that he or she is licensed appropriately. You can check the license status of Georgia property managers at the Georgia Real Estate Commission's consumer information webpage.
Georgia Community Association Manager Licensing
Community association management in Georgia is an activity that must be done under a broker's license. In addition, the person doing the management must at least have a community association manager's license.
"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.
Georgia Real Estate Broker Licensing Requirements
Georgia real estate broker licensing requirements include:
Georgia Real Estate Salesperson Licensing Requirements
Georgia real estate salesperson licensing requirements include:
Georgia Community Association Manager Licensing Requirements
In order to qualify for a community association manager's license, an applicant must:
IMPORTANT: This information is intended for informational purposes only and under no circumstances should it be considered legal advice or relied upon without first confirming its contents with your state real estate commission. Laws are updated frequently, and this information may not reflect the current law in your state. To confirm the specific requirements for each state, please contact your state real estate commission.