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RSS FeedTougher rules for real estate agents become law |
Sep. 24, 2006
Categorized in: General Observations
It is good to see The Industry supporting an additional level of professionalism. (not that tough or tough enough, but the right idea)
Tougher rules for real estate agents become law
Silicon Valley/San Jose Business Journal - 2:50 PM PDT Friday
Future real estate agents will need more classroom education before they can pursue a license under a bill signed into law Friday by Gov. Arnold Schwarzenegger.
The governor signed AB 2429, which requires prospective agents to complete all three Department of Real Estate-mandated courses before they can take the license examination. The measure, which is supported by the real estate industry, takes effect October 2007.
Under the old rules, a real estate agent had to complete a Real Estate Principles class at a community college or career college and then pass the state's real estate exam, a process that can take as little as a few months. The agent then would receive a conditional license and was required to take two additional classes within 18 months to retain it.
"There has been quite an influx of new agents into the marketplace over the past several years which has eroded the quality of service, the level of services and the professionalism in the industry," said Alex Creel, chief lobbyist for California Association of Realtors, which sponsored the legislation.
"AB 2429 will increase the foundational knowledge of sales licensees entering the profession and prevent ill-equipped licensees from engaging in licensed activity," said CAR president Vince Malta in a prepared statement.
1. re: Tougher rules for real estate agents become law
This is a fantastic development for our industry here in CA. It's amazing to me how many agents in my market (Los Angeles) are so totally unprepared to do anything useful and the rest of us have to pick up the slack. I don't mind helping out a new agent or lending a hand, but it's getting pretty rediculous. I'd like to see a four year degree requirement for new brokers, with an equivalency provision for those with extensive, documented experience. I'm running into brokers who have no business being brokers, too. And, lastly, in my market, we have a huge number of unlicensed folks running around trying to write offers... stunning. That, of course, has it's own issues for all parties invovled.
Michael Trust
www.MichaelTrustRealty.com