Why do TREC requires years as an agent before applying to become a broker?
1,098TREC has 2 criterias : points related to the amount of transactions and years as an agent which I don't understand because an agent who does transactions in one year is obviously more qualified than an agent who does 10 in four years.
3 answer(s)
About 6 years ago
In one word,
Experience
Dominik Szabo
Brockway Realty L.L.C.
(832) 844 1724
DominikRealtor.com
** The Doctor of Real Estate in Houston Texas **
" Professional, Courteous, and Informed "
Experience
Dominik Szabo
Brockway Realty L.L.C.
(832) 844 1724
DominikRealtor.com
** The Doctor of Real Estate in Houston Texas **
" Professional, Courteous, and Informed "
Like (2)
DislikeAbout 7 years ago
I believe it is probably with the hope that the agent will have experienced different market nuances that will make them a better broker. When I became an agent the recession just hit and I had to work hard for every transaction, this varies greatly from the last few years (where you could list a home and get a number of buyers), and even now as the market changes with rates going up. Experiencing these changes has made me a better Realtor and I relied on my broker based on his transaction experience, as well as his experience in changing markets for added insight. I think we owe it to the public that the word Realtor and Broker shows a value of knowledge, expertise and experience.
About 7 years ago
IMO, the agent who does 10 in one year is slightly less qualified than the agent who does 10 in 10 years (assuming they didn't forget anything!), but only because rules and laws and criteria change so much in a span of 10 years and it's good to come to the table with the history, something a new agent with 10 transactions wouldn't know but would be better off knowing. Applying for broker under the old 2-year rule (and with 21 closed sales transactions at date of broker application)t, I can also say that it really was not enough and 4 years would have been more suitable regarding experience level (although it would have angered me to have to wait)... and I was a busy agent from Day 1. Let me add, I also took my qualifying education and prepared for the exam at 1 year 9 months, so even with 21 transactions, I still considered myself quite green.
Disclaimer: Answers provided are just opinions and should not be accepted as advice.
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