Education vs. License Requirements

By
Real Estate Agent with Bill Cherry, Realtor 0124242

 

 

 

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 the licensing fee for becoming a salesperson to a significant amount, say $1,000 and then the renewal fees to have changed places with the broker's fee; say, $250 for a salesperson and $100 for a broker.

 

===================================================================

 

There seem to me to be two major faults in real estate licensing and requirements for Realtor membership, that have been perpetuated for decades.

  • It is too easy to become licensed as a real estate agent, and too easy to qualify for Realtor membership
  • In the main, salesperson licenses should be apprentice licenses, with a requirement that to continue, they must become brokers within a short period of time, say two years.

===================================================================

 

Those of us who have been in the real estate business for some years are delighted to have new agents join us, but those new agents need to quickly get up to total competency.

 

States' licensing and the National Association of Realtors need to do their part to make this happen.

 

BILL CHERRY, REALTOR
Since 1966
Dallas
214 503-8563

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Industry
Location:
Texas Dallas County Dallas
Groups:
Realtors®
Texas Real Estate
All Thing's Texas
The Ninety-ninth Percentile
"Whacked"!!!
Tags:
realtor education
real estate licenses

Spam prevention
Show All Comments
Rainmaker
79,618
Luke Acree
ReminderMedia - King of Prussia, PA
Making Agents Memorable

I think real estate should always be as inclusive as possible, but little to no pre-requisites can be detrimental to the industry as a whole. Make the cost low, but increase the time requirements so rookies get the right kind of experience.

Jul 06, 2017 09:00 AM #1
Rainmaker
3,985,513
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

While I don't believe in scalping business it need to be tougher to get a license

Jul 06, 2017 10:42 AM #2
Rainer
1,300
sami gupta
templates - Loogootee, IN

Nice post thanks for sharing sample annotated bibliography.

Jul 14, 2017 12:31 AM #3
Rainmaker
393,606
BILL CHERRY
Bill Cherry, Realtor - Dallas, TX
Broker & Wealth Coach

I've noticed that brokers, who used to be the ones who owned and who felt responsibility for the quality of the office, has diminished. Offices with, say 60 or more agents are not an exception today.  With that has come many agents who, without experience or direction, are representing the public.  Almost universally, the ones of that breed that I have delt with here in Dallas were lacking in ability and not sufficiently knowledgable about ethics. 

Oct 20, 2017 11:07 AM #5
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
393,606

BILL CHERRY

Broker & Wealth Coach
Ask me a question
*
*
*
*
Spam prevention

Additional Information