Does a Property Manager need to be licensed in Georgia?
Is a license required for property managers in Georgia? Yes, in Georgia, property managers must have an active Real Estate License issued by the Georgia Real Estate Commission and must be associated with a licensed Georgia brokerage. This license also allows property managers to sell real estate, so the real estate agents you work with may also manage property.
Obtaining a real estate license in Georgia involves completing several requirements, including 75 hours of education, passing a comprehensive state exam, undergoing a full personal background check, paying licensing fees, and being at least 18 years old. Once a license is granted, licensees must be associated with a brokerage to practice.
Licenses are renewed every four years, with renewal requirements including 36 hours of approved continuing education, a class on license law, having no criminal convictions, and no violations or disciplinary actions.
Why does Georgia require licensing?
- To Protect Consumers: Licensing ensures legal protection for tenants and property owners by regulating rules for both parties.
- To Ensure Proper Trust Accounting: Audits are conducted on property management companies to ensure appropriate handling of Security Deposits and Repair Reserves.
- To Ensure Compliance with Laws: Georgia's rules and regulations governing property managers and owners aim to prevent legal issues related to handling security deposits, walk-throughs, or repairs.
How can I verify a Property Manager's License?
The Georgia Department of Regulatory Agencies provides an easy way to check if someone has a current real estate license and its status. Simply enter the agent's first and last name to access their license number, status, and associated firm. Check License Status Here
Additionally,
Verify if the property manager belongs to the National Association of Residential Property Managers (NARPM), as this organization requires members to meet higher education and ethics standards beyond state requirements.
For more information, feel free to reach out!
