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Real estate agents get tougher rules for license |
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Saturday, 23 September 2006 |
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Gov. Arnold Schwarzenegger signed a bill which would make license examination for agents harder. The governor signed AB 2429, which requires prospective agents to complete all three Department of Real Estate-mandated courses before they can take the license examination. The measure, which is supported by the real estate industry, takes effect October 2007.
Under the old rules, a real estate agent had to complete a Real Estate Principles class at a community college or career college and then pass the state's real estate exam, a process that can take as little as a few months. The agent then would receive a conditional license and was required to take two additional classes within 18 months to retain it. There has been quite an influx of new agents into the marketplace over the past several years which has eroded the quality of service, the level of services and the professionalism in the industry. AB 2429 will increase the foundational knowledge of sales licensees entering the profession and prevent ill-equipped licensees from engaging in licensed activity.
Edwina Baniqued
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Maine Real Estate 