GEORGIA ADOPTS NEW LICENSING REQUIREMENTS FOR NONRESIDENTS

Effective July 1, 1987, persons applying for nonresident Georgia real estate licenses must satisfy a new set of qualification requirements, as follows:

Applicants for salesperson licenses must have completed at least 60 classroom hours of salesperson prelicense education. [North Carolina residents who have completed an approved Real Estate Fundamentals Course consisting of at least 60 classroom hours or the Fundamentals and one advanced course (Law, Finance, Brokerage Operations) would meet this requirement.]

Applicants for broker licenses must have completed at least 120 classroom hours of real estate education. [North Carolina residents who have completed the approved series of Fundamentals, Law, Finance and Brokerage Operations courses would meet this requirement.]

North Carolina residents who have passed the North Carolina real estate licensing examination within 10 years prior to filing their application for a Georgia real estate license will be required to take only that portion of the Georgia real estate licensing examination related to Georgia law.

North Carolina residents would continue to (1) pay the necessary Georgia licensing fees; (2) furnish a certification of license history (available from the North Carolina Real Estate Commission office for $10); (3) execute a "consent to jurisdiction"; (4) execute an agreement to cooperate with the Georgia Real Estate Commission in the investigation of any complaints filed against the licensees for activities involving their Georgia real estate licenses; and (5) in tie case of persons applying for salesperson licenses, furnish proof that they are affiliated with either a resident or a nonresident real estate broker.

North Carolina residents who hold nonresident Georgia licenses as of June 30, 1987, can retain their Georgia licenses without meeting the new requirements, but their licenses will be cancelled should they later become residents of Georgia.

However, licenses obtained after July 1 (i.e., licenses obtained by satisfying the new qualification requirements) can be converted from nonresident to resident status without additional education or examination if the licensee applies for a resident license within 90 days of becoming a Georgia resident.

For further information regarding Georgia's new licensing requirements and its continuing education requirements, contact: Georgia Real Estate Commission, 40 Pryor Street SW, Atlanta, Georgia 30303-3184, Phone 404/656-3916.