BILL CHERRY'S GREATEST DALLAS PARK CITIES REAL ESTATE BLOG

Maybe the National Association Should Step In

 

The National Association of Realtors, which most residential agents and brokers are members of, has as its primary goal providing the ethical behavior it expects of members, and doing its best to make certain that the members follow them.

I wonder if a case couldn't be made that it is unethical for one to represent themselves as an expert in the brokerage of real estate when, in fact, they have had insufficient training in the rudiments of how to list and sell property?

At least in Texas, an agent doesn't have to know nearly as much as a broker in order to have an agent's license.

However, neither has to learn and be tested on how to properly determine the value of a property or how to market it.

Both are primarily tested on real estate definitions, math and legalities.

So I wonder why the national, state and local associations don't set up their own education and testing requirements to fill in those blanks?

After all, there is little way for the public to know whether they are getting an expert or a novice when they engage an agent.

And usually both have commission contracts that are based on the same scale.

In my case, I cringe every time I co-op with an agent who is inexperienced.

I worry that if I don't step in and hold him/her up, the sale may not be completed, and I also worry that I may find myself in a lawsuit caused by his/her incompetence.

Meanwhile, he and the agency he represents gross the same amount on that sale as I do.

What do you think?

 

BILL CHERRY
Broker-Realtor
Since 1966
Keller Williams Dallas Premier
Direct: 214 503-8563
On the Web: Click Here

Comment balloon 5 commentsBILL CHERRY • October 31 2015 07:48PM
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