Six weeks ago I wrote that I was Taking the Next Big Step in Real Estate and starting classes to get my Virginia Broker's License. Many of you commented back then about your experiences in getting a broker's license and wished me luck in this new endeavor.
Well, here's an update. I'm 25% of the way there towards my Broker's License.
After 6 long full-day sessions, I have completed the first series on Broker Law. Not only did I finish the class, but I got the highest grade of all the students -- not all the students in the class, but all the students who have ever taken the class with this instructor!! 99 out of 103 points.
When we finished the exams we swapped with our neighbor in the class and then graded them as the teacher read out the answers. I handed mine in, and he was taken aback -- almost speechless, and then proceeded to tell the entire class that he was shocked by my super high score and "Boy, he really stayed awake." Ironically, the guy next to me actually dozed off for about an hour in today's class!
Little did the teacher know at the time that I am also an attorney. (SEE The Difference Between Realtors & Lawyers) I resisted telling him during the six week course for two reasons: 1. for fear that he would call on me constantly and expect me to know every answer; and 2. he was the teacher and I didn't want all my classmates coming to me with questions and expecting me to have all the answers when the reality was that some of the material was new to me.
But I finally e-mailed him tonight informing him of my undercover Realtor/Attorney status and thanking him for a well-taught, informative and at times very humorous class.
A couple of the new things I learned:
Michael Vick plead guilty but according to our teacher, pit bulls are some of the nicest dogs that he knows.
The Rule Against Perpetuities confuses Realtors and lawyers alike (I thought I saw the last of this rule back in law school).
Riparian rights is a waste of a subject matter unless you are selling riverfront properties, and even then there will likely only be one question about it on the Broker's exam.
The single word "Hello" when spoken with the right inflection can be a funny punchline, but it was way overused by our teacher.
Divorce can really mess up your joint property ownership, but it does provide lots of business to lawyers and Realtors!
Read the darn contract (I knew this already!)
Next week starts 6 weeks of Broker Finance.
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Brian - I really enjoy your perspective... thanks for sharing.