realtor education: Education vs. License Requirements
- 07/06/17 08:55 AM
A few years back, Texas tinkered with its real estate licensing act, and what occurred was rather amusing.
The fee for a broker's license was raised to several hundred dollars for a two year term.
The salesperson's license, on the other hand, was made half that amount, and continuing tradition, there was no requirement that a salesperson sit for and pass the broker's examination within a set period of time.
That caused an interesting dynamic:
First, salespersons had no motivation to become brokers.
Second, many brokers renewed their licenses as salespersons, to save the difference in the fee.
===================================================================
The smarter idea may have been to raise … (5 comments)
|
|
|
|
;)
;)
;)
