{"id":1445,"date":"2007-05-18T10:12:42","date_gmt":"2007-05-18T17:12:42","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=1445"},"modified":"2007-05-18T10:12:48","modified_gmt":"2007-05-18T17:12:48","slug":"new-real-estate-licensing-law-fails-consumers","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1445\/new-real-estate-licensing-law-fails-consumers\/","title":{"rendered":"New real-estate licensing law fails consumers"},"content":{"rendered":"

This is me from today’s Arizona Republic<\/i><\/a> (permanent link<\/a>). (Nota bene:<\/i> What you are seeing here is actually my own original draft text of this column.)<\/p>\n

 
New real-estate licensing law fails consumers<\/b><\/p>\n

My real estate license is up for renewal — just at the wrong time. Under current law, I am obliged to renew my license every two years, but under a new state law that is to take effect on July 1, 2007, I will only need to renew every four years.<\/p>\n

The change will be convenient for me, the next time I renew. To qualify for renewal, I have to take eight three-hour continuing education classes, so my education requirement will go from twelve hours to six hours a year.<\/p>\n

And the change will make things much easier down at the Arizona Department of Real Estate, where everyone always seems to be harried and frazzled.<\/p>\n

But how does the consumer benefit?<\/p>\n

The licensing requirement for real estate agents is a bad joke. Would-be licensees are required to take 90 hours of classroom instruction. There are real estate schools that will permit you to fulfill this obligation in ten consecutive days. The course material consists of tips and tricks for taking the state test, and the state test has almost nothing to do with succeeding — or even surviving — as a real estate agent.<\/p>\n

How do we know this? Because more than 90% of new licensees do not renew their licenses. They fail within the first two years in business. Successful navigation of the licensing process is useless as an indicator of success as a real estate agent.<\/p>\n

The state’s licensing procedure actually serves to deceive consumers. The implication is that a licensed practitioner is competent. Far too often, this is untrue.<\/p>\n

What would work better? The free market. If competition for reputation were the only standard for judging agents, new entrants would have to get themselves hired by already-established big-name agents. Through a process akin to apprenticeship, they would learn how to work well and wisely in real estate — or they would get fired with dispatch.<\/p>\n

And instead of depending on a useless talisman from the state, Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

This is me from today’s Arizona Republic (permanent link). (Nota bene: What you are seeing here is actually my own original draft text of this column.)  New real-estate licensing law fails consumers My real estate license is up for renewal — just at the wrong time. Under current law, I am obliged to renew my […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[6,5],"tags":[],"class_list":{"0":"post-1445","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-marketing","7":"category-real-estate","9":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1490,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1490\/arizona-real-estate-licensing-fuels-debate\/","url_meta":{"origin":1445,"position":0},"title":"Arizona real estate licensing fuels debate","author":"Greg Swann","date":"June 1, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link). I don't write the headlines. The implication of this one, I think, is that I am debating with myself -- always possible -- since no one else talks about these things. Arizona real estate licensing fuels debate I wrote a couple\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1518,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1518\/consumer-is-the-loser-with-real-estate-licensing-broker-argues\/","url_meta":{"origin":1445,"position":1},"title":"Consumer is the loser with real estate licensing, broker argues","author":"Greg Swann","date":"June 8, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link): \u00a0Consumer is the loser with real estate licensing, broker argues We've been talking about real estate licensing laws, admittedly an exercise in futility. Whatever arguments I might make for repeal, it remains that the Arizona Department of Real Estate is not\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1546,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1546\/questions-answer-why-real-estate-license-laws-should-be-repealed\/","url_meta":{"origin":1445,"position":2},"title":"Questions answer why real estate license laws should be repealed","author":"Greg Swann","date":"June 15, 2007","format":false,"excerpt":"This is me in today's Arizona Republic (permanent link). This is familiar turf to readers here, but I'm wondering if consumers might invest more effort in contemplating the issue. \u00a0Questions answer why real estate license laws should be repealed The idea of repealing real estate licensing laws continues to percolate\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":617,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/617\/run-faster-theres-a-new-minimum-wage-in-arizona\/","url_meta":{"origin":1445,"position":3},"title":"Run faster: There’s a new minimum wage in Arizona . . .","author":"Greg Swann","date":"November 8, 2006","format":false,"excerpt":"The voters of Arizona passed a number of those pernicious ballot initiatives Cameron argued against Monday night. Probably the most consequential is a coercive increase in the minimum wage. Warm-hearted people like to think of poor people making more money, but the net consequence of minimum wage laws is to\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1521,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/1521\/real-estate-licensing-laws-are-a-criminal-conspiracy-against-the-consumer-created-by-and-for-the-benefit-of-a-cartel\/","url_meta":{"origin":1445,"position":4},"title":"Real estate licensing laws are a criminal conspiracy against the consumer created by and for the benefit of a cartel","author":"Greg Swann","date":"June 10, 2007","format":false,"excerpt":"When I walk into a supermarket, the first thing I look at are the floors. If they aren't buffed to a blinding glow, I walk right back out. Why? Because if the manager isn't staying on top of the floor maintenance, he isn't staying on top of anything else, either.\u2026","rel":"","context":"In "Disintermediation"","block_context":{"text":"Disintermediation","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/disintermediation\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15243,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/15243\/real-estate-licensing-laws-are-a-criminal-conspiracy-against-the-consumer-created-by-and-for-the-benefit-of-a-cartel-2\/","url_meta":{"origin":1445,"position":5},"title":"Real estate licensing laws are a criminal conspiracy against the consumer created by and for the benefit of a cartel.","author":"Greg Swann","date":"October 26, 2011","format":false,"excerpt":"This is me writing in June of 2007. Someone linked to it from Twitter yesterday, and I read it for the first time in years. The argument holds up -- there has never been any attempt at rigorous refutation -- but it's even more interesting now that America has discovered\u2026","rel":"","context":"In "Egoism in Action"","block_context":{"text":"Egoism in Action","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/egoism-in-action\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=1445"}],"version-history":[{"count":0,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/1445\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=1445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=1445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=1445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}