I hate Rent a brokers

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Education & Training with Real Estate Expert Witness Support
https://activerain.com/droplet/4w8Q

I don't know if ths is a California phenom but we have rent a brokers.  I am not sure how this happened or the genesis but I suspect the cause.  Several years back the statewide association,  decided it wanted to upgrade the class of agents. To be a broker and open your own office,  you had to have 2 years of experience.  Thinking about it,  that is pretty funny.  I can't imagine how ignorant I was when I had only 2 years in the biz.  How about you?  Anyway,  that was the requirement.   But,  to start the upgrade process,  they changed the law and allowed you to become a broker/owner if you had a College degree.  And, it did not have to be in real estate. 

The results have been devastating.  We have had an influx of immigrants from lots of countries.  And,  they slipped through this loophole and opened their own office, specializing in recruiting agens who speak their language. Many have 200+ agents,  many of them part time.   And,  in my humble opinion,  have exploited their own people because they receive little or no training.  In fact,  one of the Association problems is that the broker doesn't insist that they are required to join the board.   And,  several allowed agents to work while they were studying for their exams,  before they got their license.

But,  back on point,  the RENT A BROKER concept.  This is where,  you are a sales person who wants to open an office,  But, you can't because you are not a broker.  So,  you find a broker somewhere,  and you use his license to open an office.  Many times,  they are not even located in the same area.  YOu can imagine what a mess this is.  And, are they in the office training,  looking a files and coaching their agents.  NO!!!!

 

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Rainmaker
180,951
DeAndrea "Dee Dee" Jones
Home Buyers Marketing II, Inc. - Manassas Park, VA
The NorthernVARealEstateLady & DMVRealEstateChick

Sounds like this concept can lead to a whole truck l,oad of legal problems good luck.

Jun 04, 2008 11:29 AM #1
Rainer
38,015
Guy Berry
Real Estate Expert Witness Support - San Jose, CA
Real Estate Broker and Legal Expert

Unfortanely, I haven't head the Dept. of Real Estate really paying attention.  There is so much illegal activity going on,  this is the least of their worry

Jun 04, 2008 11:31 AM #2
Rainer
8,400
Bill Mitchell
Marc Joseph Realty & ForeclosureToursRUs.com - Fort Myers, FL

Two words.....GAR  BAGE! Hope that it get much better before it gets much worse.

Jun 04, 2008 11:35 AM #3
Ambassador
1,893,084
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Guy, I had not heard about this zoo arrangement for renting a broker. Sounds very unprofessional to me, which gives all the professionals a bad name.

Jun 04, 2008 11:38 AM #4
Rainer
19,728
Jamie Flournoy
got agent? - Gaithersburg, MD

Again, Guy.  Isn't it the job of the DRE and our real estate boards to make some kind of effort to police this kind of activity and attempt to bring it under control?  I've got to believe that if there were very severe penalties involved when an agent or broker is caught practicing in this manner, there would be less of it going on.  Why should any of this unethical and illegal activity stop when all they get is a slap on the hands (at best) when they've finally destroyed enough lives and been called up on an ethics complaint?  I guess I've always believed that our industry doesn't need to be run this way and that we should be held to a higher standard.  And for those agents and brokers that flat out refuse to meet that standard, they should be removed from practicing altogether.  Too harsh??

Jamie Flournoy, Broker, Assist-2-Sell, San Jose, CA

Jun 12, 2008 04:42 AM #5
Rainer
38,015
Guy Berry
Real Estate Expert Witness Support - San Jose, CA
Real Estate Broker and Legal Expert

Obviously,  no one has reported them to DRE,  including me.

Jun 12, 2008 06:42 AM #6
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Rainer
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Guy Berry

Real Estate Broker and Legal Expert
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