The Georgia Real Estate Commission is one of the bodies in said state that is responsible for overseeing how the real estate market functions within it. In its case, it exists for the purpose of promoting the public interest, meaning that it has a huge impact on people living in the state of Georgia even though most of them will never interact with it in a direct manner. Here are 10 things that you may or may not have known about the Georgia Real Estate Commission:
1. Oversees Three Kinds of People
In total, the Georgia Real Estate Commission oversees three kinds of people. First, there are the real estate brokers. Second, there are the real estate salespersons. Third, there are the community association managers, which refers to the people responsible for running the common property as well as the common services of condominiums as well as homeowners’ associations.
2. Provides Support to Georgia Real Estate Appraisers Board
Speaking of which, the Georgia Real Estate Commission provides support to the Georgia Real Estate Appraisers Board in the form of staff members. However, it isn’t actually responsible for the administration of the Georgia Appraisal Act.
3. Not Meant to Protect Real Estate Profession
The Georgia Real Estate Commission isn’t here to either protect or promote the real estate professional. However, its efforts to protect the public interest can benefit said individuals as a side effect. For instance, it exists to eliminate unnecessary barriers to entry, which might not benefit existing real estate professionals but has benefited all of them when they were just starting out.
4. Not Meant to Protect Real Estate Consumers
On a related note, the Georgia Real Estate Commission isn’t here to protect real estate consumers either. However, once again, its efforts can prove very beneficial for real estate consumers. The best example is how the Georgia Real Estate Commission seeks to prevent both unethical and incompetent real estate professionals from practicing, which is rather important when both of them can inflict enormous harm on their clients.
5. Needs to Understand Both Sides
With that said, the Georgia Real Estate Commission stresses the need for its members to understand the positions of both real estate professions and real estate consumers. This makes sense because otherwise, it couldn’t hope to promote the public interest, which involves both of them as stakeholders.
6. Are Limited in Where They Can Express Their Opinions
Unsurprisingly, the members of the Georgia Real Estate Commission are limited in regards to when and where they can express their personal opinions about their policies as well as their consciences. After all, what they say has a very important effect on how they are perceived by the people.
7. Oversees the Schools Responsible for Educating Future Real Estate Professionals
Naturally, one of the Georgia Real Estate Commission’s biggest responsibilities is overseeing the schools that are responsible for providing the proper education to would-be real estate professionals. After all, this is one of the most important parts that ensure that said individuals will have the skills as well as the mindset needed to do their desired jobs properly.
8. Stresses Education
The Georgia Real Estate Commission stresses the need for the schools to focus on education. This is opposed to courses that prioritize making sure that the students understand how to beat the licensing exam, which would be missing the point of the whole process.
9. Stresses Continuing Education
On a related note, the Georgia Real Estate Commission stresses the need for continuing education. In fact, it is one of the things that its approved schools are supposed to instill in their students, which makes sense because continuing education serves to keep interested individuals up-to-date in their chosen fields.
10. Has Broad Reciprocity
Georgia is one of the states with relatively broad reciprocity. Interested individuals with real estate licenses issued by other states need to have either bought or leased a property in the state. Furthermore, they need to provide a copy of the Georgia Crime Information Report that isn’t more than 60 days old. Suffice to say that this makes for a much easier process than some of the other states out there, which may or may not even offer reciprocity.