I was curious how hard your test was and what it was like.

I am fixing to take the state test for my brokers liscense.

Unfortuneately they just changed the brokers test last year.Used to I heard it was all multiple choice very easy.Now you have 12 scenario questions based on information gathering and decision making.You end up making about 15 choices for each scenario the better answers give you more points and the wrong answer subtract points giving you a weighted score.

I always get 90 to 100 on tests but this one is diferent it even deducts for correct answers,but what it is looking for is the most safe and common answer.I am getting it down now in practice mode but have not taken the test yet.I am in Ga.

Alos for anyone in Ga once you pass the state test you have to apply with the ga real estate commission and they have to give out the liscense,how long does that process usually take for them to make a decision?

I took the New GA Brokers Exam in March 2007 and yes it is quite different than the previos exam. I had something like 3 1/2 hours to complete the exam but it only took me about 1 hr 15 mins. Take Your time the simulations can be tricky. I failed on my first attempt by one point. I passed on my second attempt the good news was that the simulations were the same from my first exam You will be graded in two areas. Decision Making, and Information Gathering! You must pass both areas. Good Luck!

Wow... the test in Georgia sounds pretty different from what I had in California.

Our test is quite a bit longer, but we don't have the "decision making" or "Information Gathering" elements as you do... at least not organized that way.

R

Thanks Guys,

So Iceman once you passed the test are you know an associate broker or did you open your own place with the brokers liscense?If so how long did it take for the GA real estate commission to process your application and approve it,also how much is your yearly e&o?

I took the old one, and it was pretty easy. Talked to someone who took it a couple of months back and she said it was relatively easy.

GREC tells you up to four weeks, but I got my complete package back in about 7 days. Before they let you apply for a broker #, you have to have your trade name registered with the Sec. of state (which will be a total fiasco- those folks down there share a community brain).

The term, "Realtors" is a part of my company name and since it is registered, I had to produce documentation that I was authorized to use it. So, I faxed them a copy of my NAR, GAR and Atlanta Board card. A couple of days later, I got a congratulatory email from the sec of state's office that said, "Your firm's name has been approved. You are now registered with the sec. of state as "The National Association of Realtors, LLC". So, we had to get the attorney to call down there and straighten everything out. It took an additional week.

My point is, do your due diligence with Sec of state. They are incompetent. GREC is much easier to deal with, to my surprise.

E&O minimum coverage costs about $600/yr.

Are you leaving Solid Source?

I'm in GA too, I took the new test and it was a breeze. Its a little different to get used to but very easy. They give you a practice senerio so you aren't completely in the dark. I am an associate broker. In this market I don't have any plans to open my own yet.

I have yet to apply to be an associate broker but I will in July/August. I do plan on starting my own company in 2008: Right now I'm in the planning stages as I enjoy the Investor Side of Real Estate more than the selling. I'm more into Rental Properties, Foreclosures, and Flipping Houses. Do not get me wrong I enjoy being a Realtor but the Real Estate Investor in me is ready to break-out.