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General Information

GEORGIA ASSOCIATION OF REALTORS®

SCHOLARSHIP FOUNDATION, INC.
GENERAL INFORMATION


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 and/or designations, please click here. (If a course is not included on the list of approved certifications and/or designations, you may submit a completed approval form to the Professional Development Department at scholarships@garealtor.com.) Once the form has been submitted, the Scholarship Foundation will determine whether that course meets requirements for scholarship eligibility.

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.

To apply for a GAR Scholarship, you must complete the ONLINE APPLICATION FORM by the application deadlines explained below. Click here to go to the ONLINE APPLICATION FORM.

If you would like to donate to the Scholarship Fund, click here: Scholarship Donation Form.


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.

APPLICATION DEADLINES: Applications and all supporting documentation MUST BE RECEIVED ELECTRONICALLY via the ONLINE APPLICATION FORM by the Georgia Association of REALTORS® Scholarship Foundation, Inc. by the following dates: (See "Application Requirements" below for supporting documentation information.)

     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

Applicants will be notified once scholarship applications have been considered. (Please allow 4 weeks from the application due date to receive notification.)

APPLICATION REQUIREMENTS: It is imperative that this application form be properly completed and uploaded by the applicant. Requests for scholarships must be accompanied by proof of satisfactory completion of the course and a copy of the potential recipient's registration and proof of payment for the course. The form must show student name, name of course, 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. 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 the Professional Development Department at scholarships@garealtor.com or 678-597-4135. 

 

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