Opinions Needed ASAP -Burning question?!

By
Real Estate Broker/Owner with INTEGRITY REAL ESTATE 19755

I just had a phone call from a friend that holds a position with a  state Real Estate committee that is working on a proposal of a new state requirement. The new proposal and the "burning question" is:

Should a person have to obtain an Associates degree before becoming a Realtor?

He would like as many opinions from the Active Rain community as possible as he knows this is the best gathering of professionals around. 

 

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Rainmaker
238,410
Angelia Garcia
Pure Realtors - Dallas, TX

I just so happen to have one but I don't really think it is necessary.  After all I did not get credit from the association for all the credit hours I earned.

Apr 15, 2009 05:35 AM #1
Rainmaker
22,907
Treva Fox-Christy
INTEGRITY REAL ESTATE - Farmington, NM

Thank you Angelia, I pushed post and you were terrific answering so soon. Thank you.

Apr 15, 2009 05:36 AM #2
Rainmaker
432,349
Jen Bowman
Keller Williams on the Water - Holmes Beach, FL
Realtor - Anna Maria Island & Bradenton FL

That's a good question. I have a Bachelor's degree. Does it help me with my business? Maybe, that I can read and understand real estate contracts although real estate has nothing to do with my degree.  It might raise the bar a little on the people that are hired to assist others in typically the biggest transaction of their lives.  I remember dealing with an agent once who called earnest money "honest money" in writing in an offer. She shouldn't have been an agent. So, now that I think about it, yes, having a degree would be a good thing for all new licensees.

Apr 15, 2009 05:40 AM #3
Rainer
65,622
Dan Callahan
Callahan's Home Inspections - Casper, WY

Why!!!??? Would a Broker than need to have a Bachelors or Masters? I am not against education but when you come down to the bare roots of a Realtor, they work for themselves and the Degree (or lack thereof) has nothing to do with their success rate. That is simply hard work and perseverance. 

Apr 15, 2009 05:40 AM #4
Rainmaker
22,907
Treva Fox-Christy
INTEGRITY REAL ESTATE - Farmington, NM

Dan and Jen, thank you so much. Sure are two ways of thinking here. I can't wait to compile the results. Thanks for answering.

Apr 15, 2009 05:45 AM #5
Rainmaker
274,211
Ron Tarvin
Residential, Investment properties, rehab projects, property management, luxury homes, new construction! - Katy, TX
Broker, Katy, Houston, Cypress 77450,77494,77095

I would think that having a minimum college standard would help to elevate the occupation from that of TRADE to Profession.  As it stands now, we all run around talking about profession when if you compare it to other "jobs" it's more of a trade than a profession.  If it were more difficult to obtain a license, fewer would enter the occupation as well.  I don't think an "ASSOCIATES" Degree is really that "standard" that they are looking to set but I think the powers that be would be afraid to require a bachelors degree.

Apr 15, 2009 05:56 AM #6
Rainer
9,319
Stephen Wible
Keller Williams Realty - Cherry Hill, NJ
609-221-0921

Absolutely NOT! I do not have a degree yet I sell roughly 100 homes per year. Marketing saavy and negotiating tools are THE key to this business. I know agents who have more education than sense. They can write a beautiful contract but cannot market ANYTHING effectively. It doesnt hurt them with buyers because they never hear from any! It does hurt their sellers however in that they never get to the point of actually writing those beautiful contracts.

Apr 15, 2009 05:56 AM #7
Rainer
49,740
Kelli~Rhyanne Bartley
Keller Williams Realty Mid~Willamette - Corvallis, OR

As professionals, we are already held to a high standard when it comes to education and continuing education. And I agree, success really is good old fashion hard work and perseverance.

Apr 15, 2009 05:57 AM #8
Rainer
14,751
K.T. Ruthven
McKinney Realty of Aiken - Savannah River Plant, SC
ePro

I'm not sure it should be required but I think it's a good idea and have heard about more colleges that are offering class and even degrees in real estate.  I do think we as a profession need to make strives for more education.

Apr 15, 2009 06:17 AM #9
Rainer
32,986
Larry DeGroat
Realty Professionals, Inc. - Searcy, AR
ABR, CRS, e-PRO, GRI in Searcy

Initially I thought it would be a good idea.  I have to agree that there are many GOOD agents that don't have an education and are good at what they do.  I do feel that it is very imprtant to get designations like ABR, CRS, e-PRO and especially the GRI.

Apr 15, 2009 06:22 AM #10
Rainmaker
1,381,087
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

While I believe a degree can help in many ways, in Texas we allow for those who have a degree to use part of the credits they may have to offset credit you will need for certification. A good Realtor is not determined by what degree they hold...but by what they do with the specific real estate education they get....before and during their career.

Apr 15, 2009 06:22 AM #11
Rainmaker
1,369,577
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

I don't know if a degree is necessary, but I do feel they should raise the standards for getting a real estate license. It is way to easy to get a license in my State. By the way, my State just raised the minimum education requirement last year to a high school diploma or equivalent.

Apr 15, 2009 07:42 AM #12
Rainmaker
594,825
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

I have a degree (NMSU, go Aggies) but don't think its necessary.  I think continuing education and licensing standards could be higher.  We have no continuing ed requirements in NJ!

Apr 15, 2009 08:58 AM #13
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Treva Fox-Christy

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