The Georgia Association of REALTORS® Scholarship Foundation, Inc. was established in 1985 primarily due to the efforts of the late Ed Isakson, a Past President of the Georgia Association of REALTORS®. The ultimate goal is to accumulate a total of $1,000,000.00 for the scholarship program to benefit real estate licensees in the State of Georgia. The current balance is over $1 million which includes a 1987 and 1995 grant from the Georgia Real Estate Commission. Only the interest from this total is available for awarding scholarships.
The scholarship program was developed to assist persons in the real estate field who are seeking to obtain a related designation such as the GRI (Graduate, REALTOR® Institute), CPM (Certified Property Manager), CAE (Certified Association Executive), CRS (Certified Residential Specialist), CRB (Certified Real Estate Brokerage Manager) and the many other designations in real estate related fields. For a list of approved certifications/or designations please
click here. If your course does not fall under this list then please request approval form from Nik Reese at
nreese@garealtor.com to get confirmation that course will meet requirements for possible scholarship.
The Scholarship Foundation is a tax-exempt foundation; therefore, applicants are encouraged regardless of any affiliation. Recipients are chosen on a non-discriminatory basis without preference for employment or affiliation with any real estate firm, broker, or membership in a professional organization. In fact, the scholarship application is designed to be separated so that the Trustees are unaware of the applicant's name, firm, or affiliation.
GEORGIA ASSOCIATION OF REALTORS®
SCHOLARSHIP FOUNDATION, INC.
GENERAL INFORMATION
POTENTIAL RECIPIENTS: Georgia licensees with an active real estate license and/or employees of Georgia real estate trade or professional organizations.
PERSONS EXCLUDED: GAR staff and their immediate families. Immediate family is defined as spouses, parents, grandparents, siblings, children, grandchildren and their spouses.
NONDISCRIMINATING: Recipients will be chosen without regard to race, color, religion, sex, disability, familial status, national origin, age, or membership in any organization. Recipients will be chosen without preference for employment or affiliation with any licensed real estate firm or broker.
UNBIASED CONSIDERATION: Applications will be presented to the Trustees without identification of applicants.
Applications and proof of course completion MUST BE RECEIVED ELECTRONICALLY by the Georgia Association of REALTORS® Scholarship Foundation, Inc. by the following dates:
April 15 for courses completed January 1 through March 31
July 15 for courses completed April 1 through June 30
October 15 for courses completed July 1 through September 30
January 15 for courses completed October 1 through December 31 of the previous year
APPLICATION REQUIREMENTS: It is imperative that this application form be properly completed and and uploaded by the applicant. Requests for scholarships must be accompanied by a copy of the potential recipient's registration form for the course. The form must show tuition cost and payment made in advance by the person requesting scholarship funds. If you have any questions, please contact the Georgia Association of REALTORS® Scholarship Foundation, Inc.
DISBURSEMENT REQUIREMENTS: Approved scholarships will be awarded only if the applicant submits a copy of his/her certificate or other evidence of satisfactory completion of the course.
TOTAL FUNDS AVAILABLE: Only the interest earned on Scholarship funds the previous calendar year, less administrative expenses authorized by the Board of Directors, may be used for awarding scholarships, and shall be allocated among the nine regions of the Georgia Association of REALTORS® based on each region's percentage of the total number of active licensees in the state on an annual basis. No part of the principal may be used except as authorized in the Bylaws of the Foundation and approved by the Trustees of the Foundation.
AMOUNT/NUMBER OF SCHOLARSHIPS: There is no predetermined number of scholarships awarded in any given year. The decision on scholarships awarded is dependent on the number of qualified and noteworthy applications received for consideration.
LIMITATIONS: Scholarships are for tuition only and are limited to one per person per calendar year; no more than one course with a beginning date during any calendar year shall be considered. Scholarships will be granted for the course requested and only for such courses that lead to a real estate related professional designation. The Board of Trustees will determine the dollar amount of scholarships for a particular course, which may vary from time to time, depending upon the funds available.
DISCLOSURE: A percentage of these scholarship funds came from the Georgia Real Estate Commission by way of a grant.
QUESTIONS: Contact Nik Reese at
nreese@garealtor.com or 770-451-1831.