I was commenting on Greg Nino’s post on Should Realtors Be Required To File Complaints On Fellow Real Estate Agents? A very poignant realization on how other agents affect not only their own business but others who are involved in the transaction.
It’s almost like we HAVE to check out the agent working on the other side of us before accepting an offer for our sellers, or even the client who is hiring the agent!
Bottom line is that a real estate agent KNOWS if they are licensed or not, and practicing real estate without a license falls on the head of the Principal Broker. “The Principal Broker shall see to it that all licensees are currently licensed at all times during employment or association”. Again, the real estate agent KNOWS if they are licensed or not. Not sure how it works in other states but the CE credits play a huge role if your license will be renewed or not.
Other stuff you can lose your license or have heavy fines, jail time ------
In our real estate commission monthly newsletter they use real estate agents violations as an example of “what not to do". The agent, the brokerage (who is responsible to ensure all their agents are licensed) get their names splashed all over the newsletter as well as the outcome (fines, suspension etc). Your DUI can
If any Independent Contractor doesn’t pay their General Excise Tax (yes, we have an extra estimated tax to pay besides Federal and State) they most certainly will have free advertising as their name and charges are splashed all over the tax site, including the judgment of the case.
Is it worth it?
Live your life right…
Your choices follow in real estate.