BrokerageIndustry News

Realtors push for new real estate licensing requirements

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A Realtor trade group in California is pushing for heightened licensing requirements for all real estate agents and brokers in the state to try to raise the bar on agent experience and education. The California Association of Realtors has sponsored legislation that would require two years of active experience as a real estate salesperson as a prerequisite to obtaining a broker's license. Currently, applicants for a broker license can receive a license without previous work experience in real estate. A separate bill would require that all applicants for a real estate sales license first complete three courses prior to receiving a license – existing law provides that licenses can be issued after applicants complete one class, with subsequent courses completed within 18 months. "If you talk to any groups of Realtors out there you will get feedback that tells you they are concerned about the level of expertise on the other side of the transaction," said Stan Wieg, a lobbyist for th...