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February 12, 2012
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Response To: Serious drawbacks here! (Nancy - 02/16/2000 10:53 AM)
Main Topic:

Is Real Estate Ready For Term Licensing?


Drawbacks?
Posted By: OurBroker - 02/16/2000 11:13 AM

Nancy --

Let's look at some of these ideas individually.

>>>Many salespersons that now have sales license will just hang their brokers license themselves to save the brokers commission split.

Sure -- thus creating more competition. I see this as a benefit.

>>>Will they get the proper insurance and have the proper accounting systems in place?

Sure -- if they want to be licensed sd independents. They could, of course, continue as associate brokers.

>>>Having a broker?s license is no more of a benefit qualification than hiring a lawyer and thinking that alone makes the person qualified to be a good representative.

Ah, the joy of malpractive claims...

>>>President Nikon was a lawyer and sure made some great decisions. You would think his qualifications were way above average. Perhaps if he was not an attorney and sought legal opinions elsewhere things would have been better for everyone.

Agreed. But no one ever accused President Nixon of being a legal scholar or an adept attorney.

>>>If you want to get rid of part time agents, raising the fees may be more effective. Forcing them to become a broker may not.

I don't want to get rid of part-time agents -- I just want them to be better qualified.

>>>Competition in the market place will force more brokers to get to know what their true desk fees are and weed out those who don?t produce and/or cause lots of problems.

Agreed.

>>>The so-called "new economy" probably will translate into lower broker's commissions and if so, this alone will get rid of in-efficient agents/brokers.

Term licensing is not going to make inefficient brokers more productive. But it may make them more competent when they deal with the public.

All the best.


Peter G. Miller
OurBroker(r)


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