Barbara Todaro, CEO of the National Association of Realtors, has a new proposal to add to the rules and regulations that will be accepted and followed by all real estate agents. The sole purpose of these changes is to “raise the bar.”
That bar is almost touching the ground, at this time, and our profession needs a lift. All future members in our industry must follow suit with the requirements for so many other state licenses. In the state of MA, electricians, plumbers and others in the trades are required to take courses and work for a period of 4 or 5 years under a Master in the trade, before they are licensed. A hairdresser must accumulate hours of experience under the guidance of a master stylist before the new hairdresser can work on a customer on his/her own.
In the real estate business, if you have a pulse and a license, you can run wild and hustle for a buck!! There’s often no guidance. There’s no training required. There is plenty of E&O insurance to cover the lawsuits.
I propose that a future real estate salesperson be required to take double the existing hours presently required to take the licensing course. Once the agent is licensed, there must be a two-year apprentice period devoted to on the job training with the guidance of an experienced Associate Broker, Manager, or Broker/ Owner. At the end of that period, the new agent will be allowed to become “Active” status and work independently. Until that “Active” status is in hand, there will always be a trainer at every appointment.
The trainer must sign a sworn statement under penalty of perjury attesting to the fact that the training was provided.
Raising the bar is an important factor in improving the quality of the future participants within our industry. How low can we go? Let’s not test those waters!!