OpinionIndustry News

Legislature should kill ‘quickie’ real estate license

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Legislation pending in California that would up the requirements to obtain a real estate license is a good step in the right direction, but neither the status quo nor the legislation sets the bar high enough to protect home buyers and sellers from the potential adverse financial and emotional consequences of a botched real estate deal. The state should make the requirements much more difficult and should eliminate the "conditional" license, which allows new salespeople to take one class, enter the business and then complete the other requirements within 18 months. California doesn't need more real estate licensees. The state already has more than 481,000 of them among a total population of some 35 million people, one quarter of whom are children and teenagers. That's one real estate licensee for every 54 adults. What's needed, on the contrary, is fewer licensees who don't have the necessary skills, training and experience to do the job. Eighty-five percent of California's new 100,000 ...