I want to preface this post by saying I have had the pleasure of working with MANY competent, professional Agents over the years. Every time I have a transaction with like agent, I am grateful. This brings me to my story...
I was in a Continuing Education class in late 2007 and the instructor was speaking on the subject of property taxes either remaining the same or increasing with falling property values (which I believe is the next HUGE R/E topic - sidebar). The instructor mentioned millage rates and a LICENSED, PRACTICING REAL ESTATE PROFESSIONAL raised their hand and said...
"What is a millage rate?"
WHAT?! The Agent next to me was scrolling through his Palm Pilot, and I was responding to a text message from a client, yet we both immediately looked at one another in awe at what we had just heard. Now, maybe your state doesn't have millage rates, but it is how property taxes have been calculated in Michigan for years and years and years and is something that, I believe anyway, that everyone should know.
Is it too easy to get a Real Estate license? I certainly would be frightened if I was a member of the general public and someone representing this signifcant an event in my life didn't know what a, "millage rate," was. I studied business law in college, I have taken Real Estate law courses, and have completed my Broker training and license and still certainly don't know everything and will continue to learn and better myself.
I want to hear from you ... what are your thoughts? What are the requirements in your state?
Amazing! Absolutely amazing...as a matter of fact...astounding...even scary!