IS IT WORTH LOSING YOUR REPUTATION OVER?

By
Real Estate Agent with Century 21 Liberty Homes RS-#62825

 

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.

RIDE EM COWBOY!

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.

 

Posted by

                                                       

 

Celeste "Sally" Cheeseman  is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs  she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.

 

 © 2007-2015 Celeste "Sally" Cheeseman's

Hawaii Real Estate and Relocation Blog.

All rights reserved.

     

 


 

 

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Ed Macias 07/17/2015 12:46 PM
Topic:
Real Estate Best Practices
Location:
Hawaii Honolulu County
Groups:
Realtors®
ETHICS and the REALTOR
POSITIVE ATTITUDE for the Weary Soul
"Whacked"!!!
Bananatude

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Rainer
313,568
Thomas F. Scanlon
Borgida & Company P. C., CPA's - Manchester, CT
CPA, CFP

Celeste "SALLY" Cheeseman - Well done. Warren Buffet said, "It takes 20 years to build a reputation and twenty minutes to ruin it."

Cheers,

Tom

Jul 17, 2015 11:50 PM #10
Rainmaker
1,233,415
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Celeste "SALLY" Cheeseman I've come across this several times. Problem is they never had a license and are trying to act as a middle man putting buyer's agents and seller's agents together. It is also illegal to pay anyone a fee if they aren't licensed. This is commonly called "Bird Dog" fees.

Jul 18, 2015 12:04 AM #11
Rainmaker
1,065,913
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Just another reason why the bar must be raised for our industry, Celeste "SALLY" Cheeseman ... (and that includes Lenders too).  Should clients or other professionals involved in a transaction really need to be worried about something this basic??

 

Gene

Jul 18, 2015 12:09 AM #12
Rainmaker
357,505
Katina Hargrove 352-551-0308
Stake Your Land Realty, Inc. - Eustis, FL
Broker/Owner, GRI,SFR, Realtor

Good morning Celeste "SALLY" Cheeseman,

Yes, I always check to make sure the other agent is licensed. I have had two occasions in the past with two offers. The agents forgot to renew their license.They were appreciative that I had mentioned and they were apologetic. I could not present the offer until their license was re-activated. We worked too hard to jeopardize our licenses.

Jul 18, 2015 12:21 AM #13
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

Too often I see brokers not file because, "we might have to do business with them again". Once we can get off this we need volume for the sake of volume quantity push, maybe we can get back to the qualitative approach.

Jul 18, 2015 12:23 AM #14
Rainmaker
531,944
Gay E. Rosen
Julia B. Fee Sotheby's International Realty - Larchmont, NY
As Real as Real Estate Gets!

Hi Sally -  someone told me a story that an agent had complained about another agent, and she is being brought up on charges for defamation... but the funny thing is - the first agent has everything in writing.. so interesting tos ee how it plays out... At the end of the day, was it worth it?

 

 

Jul 18, 2015 12:25 AM #15
Rainmaker
2,128,537
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

When I sat in of grievance and professional standard hearings, I cringed at some of the things agents DO and  DON'T do...I was content to correct them and move-on but many times my associates wanted BLOOD. Best advice? Stay ethics on!

Jul 18, 2015 12:33 AM #16
Ambassador
602,608
Brian Schulman
Coldwell Banker Residential Brokerage, Lancaster PA - Lancaster, PA
Lancaster County PA RealEstate Expert 717-951-5552

In PA the online license renewal site asks whether you have completed the required hours of CE.  Answering in the affirmative is required in order to have your license renewed - but your answer is on the honor system.  Later, random renewals are audited to confirm that the required courses were actually taken.  Fraudulent renewals could be fined or licenses revoked, possibly after transactions were conducted under an improper renewal.  Not at all worth the risk!

Jul 18, 2015 01:54 AM #17
Rainmaker
2,332,446
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale - Probate Broker

Sally, some people will never play by the rule and some just like rolling the dice without regard for the consequences. 

Jul 18, 2015 03:08 AM #18
Ambassador
1,086,277
Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

William, Susan, :  You got that right!

Brenda and Bill: there is nothing that could stand in the way of me doing the right thing.  Bottom line is...is we live our lives right every day and it seeps right into every aspect of our lives.

 

Jul 18, 2015 04:12 AM #19
Ambassador
1,086,277
Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Kimo:  I knew I'd heard something...it's been so long since I have been back in the rain...for good. You have surpassed all expectations of moving forward in the real estate industry as a dedicated professional. WELL WISHES AND LUCK IN THE COMING YEARS!

Jul 18, 2015 04:15 AM #20
Ambassador
1,086,277
Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Myrl!  YES! Both my Principal Broker and Broker in Charge give me invaluable advice that I cannot ignore!  Our Early Occupancy Agreement that  is DETAILED, to the point and exempts seller and seller brokerage and agents from any liability AT ALL.  Buyer HAD to have insurance, if the transaction goes past the closing date they pay XXX a day.

Jul 18, 2015 04:24 AM #21
Ambassador
1,086,277
Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Hey Mr. Thornton! Thanks much and make it a great day in Nashville!

Jim: Yes, if one runs across that situation, then of course, we should protect our industry!

Oh, well, at least YOU had all your credentials and have a great story to tell about WHY a professional LICENSED home inspector is needed!  I had one client who insisted he did not need a home inspection.  I offered to pay too!  He just insisted that this townhouse was the place he wanted and that never set well with me. 8 years later...he's still a happy homeowner. Go figure

Jul 18, 2015 04:28 AM #22
Rainer
219,121
Andrea.B Ferreira 954-303-8289 CRS
Keyes Co. - Davie, FL
Weston, Plantation, Davie, SW Ranches,Cooper City

Hi Celeste,

If I spend time and money to keep my license active and running, why others would get the same benefit of commission without it?

When a Realtor request a lockbox because they don't have supra, most of the times their license are no update, active or else.

It is not fair.. sorry...

Jul 18, 2015 08:21 AM #23
Rainmaker
1,239,519
Mike Cooper
Cornerstone Business Group Inc - Winchester, VA
Your Winchester, VA Real Estate Sales Pro

Sally, it's hard to recover a reputation once it's lost. it's not worth gambling with under any circumstances. One foolish choice can ruin a lifetime of good work.

Jul 18, 2015 10:54 AM #24
Ambassador
1,731,795
Fred Griffin
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     In Florida, anyone can go online to the Department of Business and Professional Regulation, and click on "Verify a License".   It is so easy.

     By the way, practicing Real Estate without a license in Florida is a FELONY.

Jul 18, 2015 02:04 PM #25
Rainmaker
559,053
Ken's Home Team LLC. | 360.609.0226 | Portland, OR & Vancouver, WA Real Estate Team
Ken's Home Team LLC. - Vancouver, WA
- SOLD IS OUR FAVORITE 4 LETTER WORD -

We can verify anyone in WA, however, all I am concerned with is my client.  If the other agent is not Licensed here I am nit worried their broker is responsible.

Jul 19, 2015 01:00 AM #26
Rainmaker
435,120
Martin Kalisker
Synergy Metrowest, Inc. - Brookline, MA
Synergy Metrowest, Inc.: MA Real Estate & More

I can't imagine any state in the US not having legislated a requirement that in order to earn a commission in a real estate transaction, you must be licensed.  That is the heart and sole of our industry - whether you are a REALTOR or not - and is what public trust is based upon.

As far as a brokerage paying a commission to an unlicensed broker or "referral agent", the onus is on the paying broker.  If you don't know who you are paying the commission to, ask for a copy of their license or look them up in the state licensure database.  In MA, it is unlawful for a broker to pay a commission to an unlicensed individual.  Therefore the responsibility is on the broker paying the commission.

As Chairman of Professional Standards for our REALTOR board, I stand behind the Code of Ethics and the Code of Excellence of NAR and support and encourage all licensees and the public to help maintain the integrity of our membership by reporting any suspected acts of unethical behavior involving a REALTOR and another licensee and/or with a member or anything that could raise a question about the public's trust in the REALTOR's behavior or actions.  Period.

Jul 19, 2015 03:45 AM #27
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1,086,277
Celeste "SALLY" Cheeseman
Century 21 Liberty Homes - Mililani, HI
(RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE

Martin...first of all...LOVE THOSE PUPS! Actually, one can look up who is licenced nationwide through www.arello.com although it is not accurate for dates etc. if the state is intermittent. However, as I research those that I refer to I try and locate their local licensee verification site.  Anyone can pretend they are licensed...or even pretend who they are here on ActiveRain. Bottom line is ....I stand by every statement you have said and it IS the responsibility of ALL of us to ensure that we are protecting the public! Wow...this brings up a whole lot of questions.

 

KEN:  IT DOES MATTER who I work on the other side of regardless if I am representing the buyer or seller.  I do NOT want to be liable for a transaction involving an unlicensed agent and I do not want to be associated with someone who is cheating our system and industry!

Jul 19, 2015 06:38 AM #28
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3,165,021
Jeff Dowler
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude - Carlsbad

Celeste "SALLY" Cheeseman 

It's simply not worth risking your reputation that takes time to build but boy can it go down the toilet fast. We are seeing more plucizing of various kinds of violations - our state board publishes names and photos of those found guilty of ethics violations each month on the state website (access by member only).

And it's easy to verify a real estate license in California plus check for any disciplinary action at www.BRE.CA.gov

Jeff

Aug 10, 2015 05:21 AM #29
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