Are the requirements for real estate licensure sufficient to protect the LICENSEE?The requirements for real estate licensure vary from state to state. In many jurisdictions, getting a real estate license is a lot easier than getting one to cut hair.

Many suggest that the standard be raised and that more education should be demanded in order to sell real estate.

And while some decry this as a “protectionist” attitude from incumbent agents in order to eliminate competition, I see it differently.

Due to the changes in the actual practice in real estate sales and the ever increasing threat of litigation, strengthening of the licensure process would serve to protect the licensee as well as the public.

The ability to get a license quickly and easily is not a boon. It is a curse.

How much better would it be to send a newly licensed agent into the real world educated and informed?

The agent would benefit as much as anyone.

And be better equipped to serve the public.

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33 Comments on Are the requirements for real estate licensure sufficient to protect the LICENSEE?

20 Most Recent Comments Displayed Show All

FEB
01
2012
491,879 Points 52 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

As mentioned in #5, I was very excited to hear that Illinois was requiring all agents to become brokers.  To get the broker's license, after all, was difficult and required much additional training.

Nope, it was dumb-downed.  Just a short morning class, a test, and voila, you are now a broker.  In the end it was all about revenue raising, because all of this, while not requiring a lot of time or energy, was expensive.  And the state reaped the benefits.

9:58am • #14
177,110 Points Outside Blog

So,the good old days were not as good. There will always be a spectrum of ability and competence in all fields. Hopefullly, those who are more competent rise to the top. Passing a difficult test or training longer does not mean that someone has common sense or applies good judgement to any profession. Did you ever wonder how that agent who you think is not so able manages to close deals. 

 

10:11am • #15
486,488 Points 3 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Here in California, getting a license as a broker or agent requires intense education before you can take the state exam. Once one has the license to perform as an agent or a broker, that is where the learning really starts. I agree with comment #1, I believe there would be less law suits if an agent had to apprentice before be launch into becoming a full blown agent that can sell. Yes, a good two years or so many hours would be a nice solution. I know that an appraiser needs to apprentice before --they are allowed to solo, here in California.

10:13am • #16
1 Featured Post Called Shot Master

The real learning starts after the license is granted, and that is where the real differences between brokers shows up.  There are those that just recruit warm bodies and others that have a strong training and mentoring structure.  It's obvious which ones better serve their clients as well as their agents.

 

10:48am • #18
189,799 Points 15 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Wow! What a timely post. I just had someone comment to me about an hour ago that he is thinking about getting into real estate. "It's easy to get a license, isn't it?" He's been out of work for over 2 years (victim of the many layoffs we've seen recently) and has been having a heck of a time finding something else, likely due to his age. While I think this particular individual would be an asset to our business and market area, it is disheartening to know how easy it indeed is to get a real estate license.

10:53am • #19
172,313 Points 50 Featured Posts Outside Blog Attended Rain Camp

I have always wondered why there is such disparity when it comes to real estate licensing laws.  Although you do see slow moving changes in state regulated legislation from time to time -- it's usually after bad stuff happens.  Illinois had a "time served" requirement for Broker -- then that requirement was repealed -- then REALLY bad stuff happened, and then the requirement was back.  What was that about?

11:06am • #20
1,425,595 Points 56 Featured Posts Outside Blog Called Shot Master

Richard...I tell all of the elected state officials that we need tougher licensing requirements to protect the consumer.  120 hours to get your license to sell and 9 months for a barbers license.

Makes no sense!

11:30am • #21
183,724 Points 4 Featured Posts Outside Blog Called Shot Master

Hi Richard. I'm not sure the standards is the problem. Anyone achieving a license is not equipped to know their profession. Hands on training is how you learn.  I agree with Gwen #1. Moving into an apprenticeship instead of left alone to learn would be a solution. I don't understand why some professions do it and some don't.

11:35am • #22
510,463 Points 13 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I remember back when I received my salesperson license.  The material was very new to me and the "history" about land was sort of difficult to remember.  The title portion was all about memorizing terms.  I over studied and received my license.  The material had really nothing to do with what selling real estate was all about.  I believe the problem lies with education after the license.  I believe that there needs to be a graduated selling process.  Like a graduated drivers license.  Ten transactions as an apprentice at the minimum.

11:58am • #23
885,800 Points 178 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I have felt for a long time that the bar should be raised.  In California, the standards are very low - take a couple of classes (online, no less) and take a test to get your license.  It truly is easier to get a real estate license than a hairdressers license.

A lot of agents want to be treated as professionals while at the same time not wanting the standards to be as high as other professions (CPA, lawyer, etc).  We should raise the bar to get to those levels.  I'd suggest:

  • 2 year undergrade degree in real estate and business (to obtain agent license)
  • 4 year degree in real estate (with options like a B.S. in Business) for broker license
  • 2-year post grade option (similar to MBA) to be a managing broker
12:02pm • #24
569,544 Points 1 Featured Post Localism Sponsor Outside Blog

Hi Richard,  Passing the currant exam is really just the beginning of the real world education an agent needs.  Surely some form of broker supervised training would benefit all concerned.

12:36pm • #25
295,397 Points 20 Featured Posts Outside Blog Called Shot Master

Richard,

I'm not sure about more education, but I'd like to see the subject matter of classes more in line with real world practice.  Too much "politically correct" content now in CA.  And issuing a broker's license without at least 2-full years of RE experience is problematic.

12:55pm • #26
762,262 Points 61 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I am here in Texas and as Joni said, the requirements for the Broker's license has gone way up.  Glad to see this.

3:38pm • #27
515,389 Points 26 Featured Posts Outside Blog Called Shot Master

I don't think that licensing itself is the problem. The class I took before taking the test was stricly designed to pass the test, not anything else. It takes years to figure this stuff out on your own.

5:07pm • #28
552,656 Points 9 Featured Posts Outside Blog Called Shot Master

Richard:

Yes, it would be nice if a new licensee is actually able to write a contract and do all the other things we do when we help a client buy property.  I learned how to sell real estate from a colleague who was kind enough to mentor me.

6:33pm • #29
117,797 Points 4 Featured Posts Outside Blog Called Shot Master

I'm with Evelyn - I, like I'm sure most of us, learned real estate from another mentoring agent.  My licensing exams and classes didn't prepare me.  Thankfully my broker is also an attorney, so instead of learning how to make a pretty flyer, I'm fortunate to have a broker to discuss the language in our contracts.

6:47pm • #30
320,320 Points 17 Featured Posts Called Shot Master

Richard, I could not agree with you more. In Florida the required RE course is 62 hours and a nail tech course is 240 hours. Need to say more?

7:37pm • #31
FEB
02
2012
3 Featured Posts Outside Blog

I agree that a new licensee should have to apprentice.  Studying for the test has nothing to do with the practice of real estate.  I was frustrated beyond belief when I first began studying for my license here in CA.  I'm one of those people who needs to know the why and how.  Not just the section of the rules that will get you through the test.  For this reason I took a long time getting around to taking the test.  I passed, then I immediately paid for training with my brokerage so I could learn the how's and why's.  I still would prefer an apprenticeship program.

3:01pm • #32
265,930 Points Called Shot Master

I have thought for years that it is way to easy to get the license.  10 months for a barber or Hair stylist for something that if you cut it wrong will be grown back in a few weeks or months.

Make a mistake on a home deal and it can cost a client thousands.

7:25pm • #33

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Richard Weisser Coweta Newnan Homes for Sale

Newnan, GA

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Author Bio: Richard Weisser is a Georgia real estate broker, licensed auctioneer, a candidate for GA House District 71 and has been writing about Georgia Real Estate since 1999.

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