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How to lose your Real Estate License – Realtor Ethics
I was a Realtor for 10 years and when I saw this my jaw dropped. Straight out of “what a Realtor should NEVER say” Ethics 101.
Her statement about yards was classic since it was an apartment or condo complex.
This is a Classic that will be a case talked about in the yearly ethics meeting required in most States.
Now Playing: WLTX-TV in South Carolina uncovered a case of discrimination in its own backyard. A local realtor told potential buyers that the condo community where she sold homes did not allow a “mixed neighborhood.”
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Why does Realty Brokers don’t train Realtors that they recruit to join their office after they recruited them?
Many of my realtor friends said about this issue. LIcensed brokers are so stingy on even showing their recruited realtors (new ones) what the step by step way to sell and buy the house. Even though for the fact that these newly recruited realtor have no idea what the first thing to do. They just show the bathroom, and where to get the coffee and that’s it – you’re on your own – even though they promise to train them – they will just bill the new realtor on something the poor realtors didn’t even understand what the heck they were billing for? Is this really legal in this business? Isn’t that if they train the realtor completely, they will tend to work hard and be loyal to the employing broker? The more the realtor work hard – the more commission split the broker will get – isn’t this the fact? Plus, if the realtor is happy with his/her broker, the broker will get a lot of referral from the realtor when the realtor decided it’s time to quit.
Ninja you seem to be FULL of questions today, so I started at the one from 1hr ago. Brokers training Realtors. First of all your friends didn’t select a good broker if they aren’t receiving training. Second, being a Realtor is a business, not a job. If you don’t know how to conduct a business, then you shouldn’t be a Realtor. Keep in mind the Broker only makes money, when the agent sells something and it closes. If the agent isn’t happy with the broker then go someplace else. I always suggest the newbie’s start with one of the national real estate companies like Coldwell Banker. They have excellent training and mentoring programs for new agents. If your friends are with CB, then they just didn’t take advantage of their programs, and that isn’t the broker’s fault when they fail. Third, this is a tough business right now. I’ve been in it for nearly 20 years and I’m starving! So no it is not an easy get rich quick business. It takes money to make money, you often spend more than your make. Its tough. They still say that 80% of new agents will be gone within one year. Leaving 20%, and of that 20% only 5% make any money.
I’m on to your next question…. see ya!