Is It Too Easy to Become a Licensed Real Estate Agent?  

   I hear this question asked by fellow brokers and clients who complain about incompetence or ethical lapses among our colleagues.

   Yes, it is easy to get licensed — take 168 class hours, pass the 3-hour state exam, pass a background check (including fingerprinting), and you’re licensed to handle the most significant financial transactions in the average person’s life.

    Loan officers and appraisers have a dauntingly higher barrier to entry than do real estate brokers. It’s fair to ask if that should change.

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Author: Jim Smith, Broker

Jim Smith is best known for his weekly "Real Estate Today" column published on the Real Estate page of The Denver every Saturday and in 24 metro area weekly newspapers the following Wednesday or Thursday. Individual articles are also published at http://RealEstateToday.substack.com. Over a decade of the columns are archived at www.JimSmithColumns.com.

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