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As you can see by these posts, some Realtors continue to act as if they are licensed attorneys and licensed building inspectors. The reality check is that no matter how much you say you know about these subjects you are not licensed by the state to perform these services. A realtor should never replace an licensed attorney or licensed building inspector, these people are licensed to perform these services. Purchasing a home is the biggest investment you can make, hiring the right professionals is key. Never trust a realtor soley, you can have a realtor, but always hire an attorney and a building inspector to assist you.
It seems like many Realtors on this post are against higher standards of education? Why? Have you not seen the image of your profession go down the toilet? Realtors are seen no better then used car salesman by the majority of the public. Higher education standards would bring prestige back to the profession because not everyone would be able to be a part of it as it is today. The English standards that you mention bentlebee would be excellent if they were implemented in the US. 2 years of fulltime schooling would keep the people that are truly interested in the profession. I know that some realtors have bachelors degrees and more but when applied to being a realtor it is irrellavent, because a person with a GED could come and work right beside you.
i was shocked to find out that it only takes 63 hours or sometimes less hours to become a realtor, that on it self tells me enough why so many do it on the side. In Europe it is only be done by full time realtors since nobody wants to spend so much money and 2 years for something that they do on the side. Many things are better over here but this isn't one of them and to me it is weird that a realtor comes up with a price by pulling comps...(if they even do so) and than an appraiseer comes up with a different value price. I'm not talking about todays market since there can be over a year between listing and closing, but in the time of the booming market it was not even similar. By making the realtor the appraiser at the same time or the other way around you make the profession of realtor more liable and more responsible.
i agree with you the profession of realtor is made by many realtors who didn't do their job, out to be nothing more than a car salesman and that is too bad for the really good realtors who have showed and still are showing that there is more to it.
By saying that journalist even come up with stories that aren't true says enough about how scared people who make these statements are that the truth is coming out. If I was a mortgage broker or a realtor and convicted felons were having the same kind of license and it made my license not worth much, I would be so mad and make sure that the good name I have would be standing for what it suppose to be standing for and not blaming people who proved that the license isn't saying anything about a clean background anymore.
Others have compared it with people working in retail who are felons, well I know that Walmart doesn't hire convicted felons, and more other retailers do the same.....What is funny, that if people are comparing realtors with retail...they must think that it is the same level...... It wasn't me.
I thought me running into a convicted felon was bad but that was one who fell through the lop hole, but over 4000 mortgage brokers...that shows something is terribly wrong
i was shocked to find out that it only takes 63 hours or sometimes less hours to become a realtor, that on it self tells me enough why so many do it on the side. In Europe it is only be done by full time realtors since nobody wants to spend so much money and 2 years for something that they do on the side. Many things are better over here but this isn't one of them and to me it is weird that a realtor comes up with a price by pulling comps...(if they even do so) and than an appraiseer comes up with a different value price. I'm not talking about todays market since there can be over a year between listing and closing, but in the time of the booming market it was not even similar. By making the realtor the appraiser at the same time or the other way around you make the profession of realtor more liable and more responsible.
i agree with you the profession of realtor is made by many realtors who didn't do their job, out to be nothing more than a car salesman and that is too bad for the really good realtors who have showed and still are showing that there is more to it.
By saying that journalist even come up with stories that aren't true says enough about how scared people who make these statements are that the truth is coming out. If I was a mortgage broker or a realtor and convicted felons were having the same kind of license and it made my license not worth much, I would be so mad and make sure that the good name I have would be standing for what it suppose to be standing for and not blaming people who proved that the license isn't saying anything about a clean background anymore.
Others have compared it with people working in retail who are felons, well I know that Walmart doesn't hire convicted felons, and more other retailers do the same.....What is funny, that if people are comparing realtors with retail...they must think that it is the same level...... It wasn't me.
I thought me running into a convicted felon was bad but that was one who fell through the lop hole, but over 4000 mortgage brokers...that shows something is terribly wrong
YOU were the one that said that Realtors were choosing appraisers that would come up with the right price to get a house sold after it went under contract. You were then told that this is not the case but you kept on with that point. Now you want to say that the agent should also be the appraiser?
That it would make the profession more liable and responsible?
If that is not a huge contradictory thought process I do not know what is.
My reason for bring up the issue of journalists making up stories is to show that no field is above reproach. Now if you are saying that I am making this up you better go read the news more.
The rest of your post you have beaten to death on these boards.
YOU were the one that said that Realtors were choosing appraisers that would come up with the right price to get a house sold after it went under contract. You were then told that this is not the case but you kept on with that point. Now you want to say that the agent should also be the appraiser?
That it would make the profession more liable and responsible?
If that is not a huge contradictory thought process I do not know what is.
My reason for bring up the issue of journalists making up stories is to show that no field is above reproach. Now if you are saying that I am making this up you better go read the news more.
The rest of your post you have beaten to death on these boards.
Well that last sentence is your opinion!!! You should have put "IMO" behind it!!!
The reason for suggesting something that has proven to be working is to limit the people who have no experience and no know how and are the worst realtors there are. Many are very bad because of lack of education and on top of that lack of experience and their only motivation was to step in this business to make quick and easy money as it was a not long ago. Every simple person could sell a house, as a previous poster described and more so since if a realtor becomes an appraiser or the other way around, they need 2 years of full time education on both fields so nothing i said is contraditive, but you might need to read a little bit better.
better control on licenses which stand for good behavior, not for delivering good work. I recently worked with a construcion company and checked out their license which I did with all the people I interviewd. Many turned out not even to be licensed, and I knew it didn't say much about the quality but if they are licensed you can check better if there were huge issues or not and at least I thought it stand for something.
The rest I checked by checking some referrals and talking to previous clients and I went with the company who had done work at houses of friends of mine and were very happy and I was very happy with the work they did at my house.
Appraisels can be adjusted if the house doesn't sell fast, but if both professions are combined and this person has a better and more intensive education, it will weed out the part timers who think they can make a quick buck and will make the profession more responsible and IMO get a better view from the public as in Europe, the realtor have a profession that people look at different than as they look at a car saleman and as previous posters have ompared that is what is happening right now. To save this profession something has to be going to change and first of all IMO that licenses are what they stand for: Good behavior and no convicted felons. If Walmart refused that realtor to get a job there and at the same time the realtor board of licensing gives out a license...that shows to me that I will hold Walmart to a better standard than a realtor in Florida. Too bad for all the good and honest once, because they deserve a better treatment.
I think it is a huge contradiction that you want realtor and appraisor as one job also.
I think a segregation of duties is important with these two jobs. Who's to say the realtor won't just appraise a house for 50K more than it is worth, so he can get a bigger sale? It's less likely for things like this to happen when you have separate people doing each responsibility.
Here, we can't get our license until we have 180 hours, then we have to have an additional 30 hours of continuing education each year for 3 years. So we end up with 270 hours, and even then, there's an ongoing requirement for a certain number of hours every two years, which must include legal and ethics hours. Don't get the approved continuing ed, your license won't be renewed.
I agree with those who say that your statements regarding realtors scheming with appraisers and your statements regarding realtors should BE appraisers are mutually contradictory. You can't have it both ways and be taken seriously.
I think it is a huge contradiction that you want realtor and appraisor as one job also.
I think a segregation of duties is important with these two jobs. Who's to say the realtor won't just appraise a house for 50K more than it is worth, so he can get a bigger sale? It's less likely for things like this to happen when you have separate people doing each responsibility.
The realtors in Europe are appraissers and had to give an oath in court like lawyers do....it comes with a libility, so if they not doing their job correct they are rersponsible and jeapardize their license and can be disbarred, so I never really heard of issues of that kind. Also if they do a bad job that way no mortgage company will ever work with them and that means no work.
If the apprais it too high, it will be hard to get a buyer....since almost all realtors who took the 2 year course (fulltime) are appraisers aswell, it will weed out the bad once and that chances the market. You can also list your home with 2 realtors which some people do. The commission is 1,25 % and some still ask 1,5% but most of them have gone down.
Here, we can't get our license until we have 180 hours, then we have to have an additional 30 hours of continuing education each year for 3 years. So we end up with 270 hours, and even then, there's an ongoing requirement for a certain number of hours every two years, which must include legal and ethics hours. Don't get the approved continuing ed, your license won't be renewed.
I agree with those who say that your statements regarding realtors scheming with appraisers and your statements regarding realtors should BE appraisers are mutually contradictory. You can't have it both ways and be taken seriously.
Maybe not in this country since even 1 month of education or a little over that if you take 8 hours a day ...isn't much.
This link is in Dutch so it will be hard to read but is of one of the courses to become both and this one takes 4 years. (full time 2 years and than being an intern and still having school and the 4th year you finish it and have to show you can specialize, etc.)
You get to be a bachelor of business administration and you can work in different fields. So this is a serious profession, not a 1 month course.
Maybe not in this country since even 1 month of education or a little over that if you take 8 hours a day ...isn't much.
This link is in Dutch so it will be hard to read but is of one of the courses to become both and this one takes 4 years. (full time 2 years and than being an intern and still having school and the 4th year you finish it and have to show you can specialize, etc.)
You get to be a bachelor of business administration and you can work in different fields. So this is a serious profession, not a 1 month course.
Wow thats great, thats what the US needs to do with real estate profession.
Wow thats great, thats what the US needs to do with real estate profession.
I have no problem with making a 4 year degree a part of the requirement since I have one from a major school.
What this means for me would be fewer people getting into the business and with fewer agents I would have less competition. With less competition I could raise my fees that I charge clients. Works for me.
This should also apply to anyone who wants to be a discount broker and we should institute minimum representation requirements to a very high level so we can make sure all clients are well protected.
This would help get rid of all those bad agents who just want to take money for putting someone in the MLS without representing their interest.
Bentlebee, I fully agree with higher requirements to protect the client. It would help eliminate competition and allow me to make a whole lot more money. Good idea.
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. It wasn't me.
Thanks for the great idea
