Two-dimensional (2D) van der Waals (vdWs) materials have gathered a lot of attention recently. However, the majority of these materials have Curie temperatures that are well below room temperature, making it challenging to incorporate them into device applications. In this work, we synthesized a room-temperature vdW magnetic crystal Fe$_5$GeTe$_2$ with a Curie temperature T$_c = 332$ K, and studied its magnetic properties by vibrating sample magnetometry (VSM) and broadband ferromagnetic resonance (FMR) spectroscopy. The experiments were performed with external magnetic fields applied along the c-axis (H$parallel$c) and the ab-plane (H$parallel$ab), with temperatures ranging from 300 K to 10 K. We have found a sizable Lande g-factor difference between the H$parallel$c and H$parallel$ab cases. In both cases, the Lande g-factor values deviated from g = 2. This indicates contribution of orbital angular momentum to the magnetic moment. The FMR measurements reveal that Fe$_5$GeTe$_2$ has a damping constant comparable to Permalloy. With reducing temperature, the linewidth was broadened. Together with the VSM data, our measurements indicate that Fe$_5$GeTe$_2$ transitions from ferromagnetic to ferrimagnetic at lower temperatures. Our experiments highlight key information regarding the magnetic state and spin scattering processes in Fe$_5$GeTe$_2$, which promote the understanding of magnetism in Fe$_5$GeTe$_2$, leading to implementations of Fe$_5$GeTe$_2$ based room-temperature spintronic devices.
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