He did kind of endorse Chris Christie last week, which was a bad sign. But otherwise he does seem to want to cut spending and taxes in his state, whose economy is stalled and which is losing all its productive, taxpaying citizens to Virginia, and other states in the South and mid-Atlantic.
Today (as a licensed realtor in Maryland) I received the following announcement that I am being protected from competition by lawyers and others, who could previously engage in brokerage without taking the (incredibly boring and irrelevant, especially mandatory Fair Housing law, which in D.C. is often taught by smug or hostile government bureaucrats who sometimes threaten, belittle, or smear the captive audience of realtors as racists ) courses I am forced to sit through and pay for every two years.
Needless to say I believe anyone should be free to “become” a real estate sales person at any time without a license or an association affiliation. If consumers think affiliations or certificates (or course work or insurance etc.) are valuable they will demand them (and so will companies that hire realtors). In many states the regulatory barriers to entry for realtors are relatively low – it is a freer market than many. When one of the dot com bubbles burst in the early 2000s there was an influx into real estate sales of software sales people. Many were instantly great agents outperforming long term realtors – because they had valuable sales experience and drive. Even though they had only just completed government mandated courses. (When the mortgage crash happened many of these people moved on to sales in something else.)
Occupational licensure does means someone in a poor urban or rural neighborhood who knows the people and housing stock in her community intimately cannot simply start selling homes of people at her church or her children’s school. She can only get there if she can afford to take time off and take a month’s worth of coursework first, and pay several hundred dollars for courses and licensing fees. (If she is unfortunate as my cohort was in the early 90s she will also have to wait an entire summer for the members of the local government real estate commission to stop going on summer vacation and have a quorum to “vote” aka rubber stamp license applications. When we finally got our broker to ask again around Thanksgiving about when the commission would meet, the ‘crats at the licensure department said “Oh, we approved all those licenses back in October. They can work. We just haven’t mailed them out yet.”) Why shouldn’t she simply be free to apprentice with a realtor to learn about contracts and financing? Or study on her own?
An official communication from the Maryland Real Estate Commission:
A New Law.
Legislation drafted by the Maryland Association of REALTORS® and signed into law by Governor Hogan on
The new law mandates 15 hours of CE for every renewal by removing from the law an exception for licensees
The law will now require all real estate licensees to take the three hour agency class every two years, an
Eliminated from the old law is the CE provision that allowed real estate licensees who possess a graduate
Licensees who have an expiration date of
Steven Long, Assistant Executive Director