Thursday, October 12, 2006

Educated Real Estate Agents?

Now, when you hire your sister's mother's aunt's neighbor of a friend that just got his license to sell your house, at least you'll know he completed the needed classes to get his license.

No More Conditional Salesperson License: Starting October 1, 2007, a person must complete three real estate classes before applying for the real estate salesperson exam. Exempt from this requirement are attorneys and persons qualified to take the broker exam. Currently about 85% of new licensees obtain what is called a "conditional salesperson license" enabling them to conduct real estate licensed activities upon completing merely one class and promising to take two more classes within 18 months. This C.A.R.-sponsored bill raises the bar for new licensees by eliminating the conditional salesperson license. Source: Assembly Bill No. 2429.

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