If you are
not a licensed Realtor, or have never been one, then your inside information opinions have about as much credibilty as a toothless tooth fairey (none in her collection bag and none in her head).
Not exact matches
In most States,
realtors who sell mobile homes must also be
licensed dealers, but the contrast between the two could
not be greater and there are advantages and disadvantages from both dealers and
realtors.
However, if you're in an unlicensed state, it probably won't be long until your local
Realtor association pays a visit to your state legislators and begins pushing for home inspector
licensing.
Showhomes does
not represent buyers or sellers in the real estate transaction; that is the service your
Realtor is trained and
licensed to provide.
In most States,
realtors who sell manufactured homes must also be
licensed dealers, but the contrast between the two could
not be greater and there are advantages and disadvantages from both dealers and
realtors.
However, Florida
Realtors is
not a legal agency (it does have a Code of Ethics which its members are required to follow even though failure to follow the code will
not result in the loss of
license or the award of damages to someone who has been wronged in a real estate deal — also, you can
not file a lawsuit based upon a member of the trade association failing to follow one of the organization's ethics rules — although you can file a complaint with the group about any wrongdoing that may have happened).
«More than 50 percent of complaints nationwide that are filed with state real estate
licensing authorities are about issues that are
not governed by the
REALTOR ® Code of Ethics,» explains ORRA Standards Task Force 2014 Chairman Jeff Fagan, Watson Realty Corp. «We wanted to create a program that both educates ORRA members over and above compliance with the COE, and serves as a source of recognition for those who complete the program.»
(A) Each year each Member Board shall file with the National Association a list of the names of the
REALTOR ® and
REALTOR - ASSOCIATE ® Members of the Board and the numbers of individuals
licensed with
REALTOR ® Members of the Board who are
not themselves Board Members, which list and number shall be certified by the President and Secretary of the Board.
At the time such list is filed each Member Board shall pay dues for the current fiscal year based upon such list, which dues shall be adjusted each month to reflect any net increase in the number of individuals
licensed with
REALTOR ® Members of the Board who are
not themselves Board Members.
REALTOR ® members are hereby
licensed to use the terms
REALTOR ® or
REALTORS ® in connection with activities in support of specific candidates in specific elections to public office or nomination for election to public office, provided the definition of the term
REALTOR ® as a registered collective membership mark which identifies members of the NATIONAL ASSOCIATION OF
REALTORS ® and the identification of those conducting such activities as members of a member Board (s) is included on all letterhead and other written campaign literature, in all campaign media aids and on other materials unless
not reasonably practical.
Such International
REALTOR ® members may be
licensed to use the term
REALTOR ® and other marks, but may
not vote or hold office in the National Association.
Fifty - three percent of the Designated
REALTOR ® group and 32 percent of the REALTrends sample indicated either that they require personal assistants to have a real estate
license or that personal assistants aren't permitted to perform activities that require a real estate
license.
It would also substantially raise the bar of skill, duty and professionalism of
Realtors;
not because most
Realtors aren't professional, but because a great many of them take only three two - week courses before they are
licensed to trade in real estate.
Traditionally, when a stranger has called a
REALTOR to see a listed property, the request has involved a property that was listed specifically by the
REALTOR (individual) who was being contacted, or if
not, it was (at least) a property that was listed by the Brokerage that the
REALTOR was
licensed with.
I quickly realized becoming a
Licensed Realtor would
not only help me achieve my goals, it would also...
(B) Member Board dues shall also be adjusted for new Members enrolled by the Member Board who were
not previously
licensed with a
REALTOR ® Member of the Board during the current fiscal year, except that in the case of a new Member who held
REALTOR ® or
REALTOR - ASSOCIATE ® membership during the preceding calendar year the adjustment to Member Board dues shall
not be prorated.
An individual
licensed in the state within which the board is located or within the state in which the real estate firm of the
REALTOR ® is located shall be deemed to be
licensed with a
REALTOR ® if the
license of the individual is held by a
REALTOR ® or by any broker who is
licensed with the
REALTOR ®, provided that such licensee is
not otherwise included in the computation of dues payable by a sole proprietor, partner, corporate officer or individual in a position of management control of the entity.
(D) A
REALTOR ® may file annually with the
REALTOR ®'s primary board on a form approved by the National Association a list of the licensees affiliated with that entity that are authorized to provide mortgage loan origination services based upon their real estate
license and shall certify that those licensees included on the list are solely engaged in mortgage loan origination and are
not engaged in listing, selling, leasing, managing, counseling or appraising real property.
Ross, if you are correct in your assertion and if CREA was directly aware of this: «Trademark lawyers had already stated that the terms the
REALTOR trademark were
licensed under could
not be changed by government interaction.»
By your own account you do
not have a PHD in Psychology and we also know that you have
not conducted a formal survey to determine to what extent your following claim has any basis in fact — which actually wouldn't be possible anyway in the absence of a professional assessment:» the mercenary commissioned sales culture embeds itself into the minds of most newbie
Realtors right from the time they acquire their sales
licenses,..»
Trademark lawyers had already stated that the terms the
REALTOR trademark were
licensed under could
not be changed by government interaction.
This kind of turnover makes the odds high that many members of the public will meet a
Realtor who, though
licensed, is still
not qualified to assist a family investing their life savings in what is likely to be the most important financial decision they'll ever make; and that doesn't include the exponential complexities of commercial real estate.
The annual dues of each Member Board (State Association) as defined in Article III, Section 1 (B)(2) of the Constitution, shall be the amount established by the Board of Directors pursuant to Section 1 (A) hereof times the sum of the number of
REALTOR ® and
REALTOR - ASSOCIATE ® members of the Board whose real estate office is located in a territory within the state which is outside the jurisdiction of any local Board and who are
not primary members of any local board and the number of individuals who are
licensed with such
REALTOR ® members of the Board and who are
not themselves
REALTOR ®,
REALTOR - ASSOCIATE ® or Institute Affiliate members of the Board.
These cases, especially the third case, just go to show that a
Realtor should be
licensed as a Real Estate Consultant, and
not as a Real Estate Salesperson.
The individuals disclosed on such form shall
not be deemed to be
licensed with the
REALTOR ® filing the form for purposes of this Section.
I suppose I wasn't clear on this point but I did allude to it by saying that
Realtors should only have to post their listings once, regardless of the number of MLS systems
licensed.
For
licensed assistants or teams, it's critical to establish in the manual that all team members are under the control of the broker,
not just the lead agent, says Aydt, who's also created a model office procedures manual for the Missouri Association of
REALTORS ®.
Just a thought... but if the former funeral home industry head honcho can step into the head honcho position with RECO, why can't someone who has a university degree (Politics), forty years combined experience as a new home builder,
licensed tradesman, conciliator with TARION New Home Warranty Corp., Real Estate appraiser affiliated with the Appraisal Institute of Canada, and last, but
not least, a
Realtor, run that joint from a perspective of applied practical experience, someone like... me?
However, another difference between our provinces is that EVERY communication of a
REALTOR's services and marketing must include the name of the brokerage that employs us — we need
not insert our
license category.
I can
not believe anybody or any organization would agree to entertain negotiations over the MLS system, which as so many of the
realtor have expressed, we support pay for and continue to pay
licensing fees.
I think they should
not allow any Brokerage /
Realtor to charge Flat fees, They should put a rule that if anyone charges less then 5 % they will lose their
license!
«A broker from outside Québec who is
not an OACIQ licence holder and who markets a property located in Québec, particularly by posting it on a website such as
Realtor.ca, commits in principle an illegal practice offence under the Real Estate Brokerage Act.Therefore, this is
not a new guideline since CREA was first informed back in April 2011 that the marketing of a property in Québec done through an intermediary constitutes a real estate brokerage transaction that requires a person to be holder of a
realtor's
license issued by the OACIQ.»
(a) Every
REALTOR ® of the Board who is a
REALTOR ® principal, every
REALTOR ® principal who participates in a Board's MLS where they do
not hold Board membership and every nonmember broker or
licensed or certified appraiser who is a Participant in the Board's MLS shall have the right to invoke the Board's arbitration facilities in any dispute arising out of the real estate business with a
REALTOR ® principal in another real estate firm or with that firm (or both), or nonmember broker / appraiser or their firm (or both) who is a Participant in the Board's MLS.
NOTE: A Member Board can
not establish or maintain procedures whereby the
REALTOR ® principal would automatically be joined as a respondent in any ethics complaint filed against another
REALTOR ® nonprincipal or
REALTOR - ASSOCIATE ®
licensed with the
REALTOR ® principal.
I did
not seek out to become a
licensed agent to fulfill a life long dream of becoming a
Realtor.
(c) For any act of any persons who are
not themselves
REALTORS ® but are employed by or affiliated with a
REALTOR ®, and who provide real estate - related services within the scope of their or another's
license.
REALTORS ® shall
not, however, be obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate
license, or to disclose facts [that] are confidential under the scope of agency or non-agency relationships as defined by state law.»
With respect to the first requirement above,
REALTOR ® association - owned MLSs may opt to permit participation by
licensed broker firms as well as individual principals, partners, corporate officers, or branch office managers who are
not REALTORS ®.
As Russ below, and many other
Realtors have noted, the staff of TREB, OREA and RECO are all incentivized by volume of
licensed registrants,
not by quality of registrants.
But if you charged a monthly fee of $ 150.00 + just to hold your
licenses how many
Realtors would be left.Hit the realtors in the pocket book that not doing a
Realtors would be left.Hit the
realtors in the pocket book that not doing a
realtors in the pocket book that
not doing anything.
3) CREA and all CEOs, who again are generally
not licensed, can issue statements and advertisements that clearly set out the average operational costs that need to be included in a commission if a
REALTOR is to break even.
I'm also a
Realtor, but in the Tampa Bay Area, so I can
not share specific costs of your state, or specific instructions on how to get your
license in any other state besides Florida.
REALTORS ® shall
not, however, be obligated to discover latent defects in the property, to advise on matters outside the scope of their real estate
license, or to disclose facts which are confidential under the scope of agency or non-agency relationships as defined by state law.»
Why
not take this opportunity to show how
REALTORS HELP by ensuring anyone
licensed to use CREA trademarks is
not a convicted sex offender.
A Part - Time sales rep can still join an MLS and even be a member of CREA while similarly
not be
licensed to use the
REALTOR trademark as that trademark is
not governed by the CB.
RECO needs to employ some hired guns to weed out the riff - raff, because being a
Realtor too often amounts to being a
licensed socialite whereby alliances are formed amongst same, whether in - house brokerage-wise or
not, and that kind of behind - the - scenes familiarity with others» lack of ethics / morals leads unendingly to wheeling and dealing for the benefits of the wheeler - dealers» pockets first and foremost.
My combined knowledge is gained from experience acquired thus: New home Builder in my father's business
Licensed tradesman Conciliator - Inspector: Tarion New Home Warranty Corp. (Ontario) National warranty adjuster, PAFCO Insurance Real Estate Appraiser affiliated with / member of Appraisal Institute of Canada
Realtor, paying member of CREA University degree: Political Science
Not bragging, just exposing the truth about what «should» constitute where «combined knowledge» might flow from.
The fact that someone from another career path can get a
realtor's
license with zero prior training or practical experience in the seven marketing functions, or
not be able to write a legal clause in an official language of Canada, or
not be able to construct a simple spreadsheet analysis for a local market, or be able to repeatedly lie and deceive the public is a condemnation of our regard for professionalism in our industry.
The manual should outline social media do's and don'ts, how to stay in compliance with
license law and, if they are a
REALTOR ®, the Code of Ethics.»
I love what I do and I can't imagine working in any other industry, but I'm questioning if I want to work in this industry as a
licensed Realtor.