Bill Calls For Real Estate Professionals Education

for sale2A measure sponsored by Senate Majority Leader Steve Sweeney, which would require real estate professionals to complete continuing education courses as a condition of their license renewal was approved last week by the Senate Commerce Committee. “The real estate market crisis of the past few years was caused, in part, by home buyers securing loans and purchasing properties that they simply could not afford,” said¬†Sweeney, D-3rd Dist.

“The role of a professional real estate agent is to guide potential buyers, and help them to select the property that best fits their needs, that is also within their price range. As the federal government continues to work to improve the real estate market, it is imperative that real estate professionals know ins and outs of the market, so that they can best advise their clients on making responsible purchases.”

Sweeney’s bill, S-2068, would require real estate brokers and agents to complete continuing education requirements as a condition of their license renewal. The New Jersey Real Estate Commission would be responsible for determining the course content, and the number of credits needed to gain the biennial license renewal.

“Buying a home is the most expensive purchase that most people ever make, and those purchases should be guided by professionals who have the needs of their clients in mind,” Sweeney said.

This measure now heads to the full Senate for approval. Star Ledger.

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10 COMMENTS

  1. Sounds good to me! Instead of some agents trying to convince you to buy houses way out of your price range, let them actually be honest for once. They convince you to buy things that you will afford only if everything works out with the renters and the HUD and what not, and in the end, they get their commision, and the overly trusting buyer gets foreclosed!

  2. As if it will make a difference, Realtors and agents need sales to make a living or killing, they will never advise not to buy. This is a simple example of government poking their nose where it doesn’t belong, pretending to help.
    If they really cared, they would make a homebuyer take a course, to get a liscense to buy a home, so that they know what they are doing.
    It is like asking the burgeler to take care of your home while you are on vocation.

  3. This is the law in NY State for ages. 22.5 hours every two years for license renewal. Its not like you learn anything just a big waste of time. Additionally most borkers represent the seller and the article mentioned the need to protect the purchaser. Continuing Ed will not help that situation one drop

  4. Heh. Give it about a year after this is law and you’ll see someone put together a Yom Iyun learning Cheskas HaBatim or similar with full Realtor Continuing Education accreditation… only $899.95!

  5. This will not teach ethics. It gets taught already ewhen you take the original RE course. Taking courses is not the answer. I hope this doesn’t pass.

Comments are closed.