Change is never easy but it is almost unavoidable. When we first obtained our real estate license almost 14 years ago, there were 2 kinds of licensing. There was Sales Associate and Broker. In order to be a Broker, you had to be a licensed Sales Associate for at least 1 year. For those who do not understand the difference, in simple terms, with a Brokers License there was more schooling required and you could own or manage a real estate brokerage. Then somewhere around 1999 or 2000 they did away with that prerequisite and one could obtain a Brokers License right away. Many disagreed with this move for the simple reason that one could own a brokerage without ever having any experience in the field of real estate.
As of 2010, the state of Illinois is doing away with the Sales Associate license. The 2 types of licensing is now, Broker and Broker Manager. Both requiring more school and more continuing education hours than the Sales Associate. Some believe this is a good move for Illinois. During the hot real estate market, many people got into real estate because they thought it was easy money. When the real estate market slowed down and the "bubble burst" many of those people got out because it was no longer "easy money." The real estate profession started "thinning out" so to speak. You actually had to work and spend money to make money. Many feel this will just add to the "thinning out" process.
What is your take on this change? What are the licensing laws in your state?
The best decision you can make is a well informed and educated decision. We create value by providing you with all the information needed to make that educated decision!
To do your own custom search, or to find a home in the Carol Stream, Bloomingdale, Glendale Heights, Hanover Park, Bartlett, Dupage County area, please feel free to contact Rick and Lynn Orze of RE/MAX All Pro at 630-339-4022 . We would be happy to provide you with information on surrounding communities.
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