Still Ridiculous… - Posted by JPiper
Posted by JPiper on December 04, 1998 at 20:45:23:
Here are 3 separate quotes from Lette?s post and my comments on each:
- ?I explained that I and my partners (which I don’t have yet) assist people in selling their homes.?
From the statutes and regulations in my state, here is a quote verbatim from the law regarding activities that require a real estate license? ?Assists or directs in the procuring of prospects, calculated to result in the sale, exchange, leasing or rental of real estate?. My guess is that other states have similar verbiage.
- ?She then wanted to know how I got my commission. I almost felt like I was defending my position. I explained that the commission never came from our sellers, but from the new buyers when we obtained them.?
Here?s another quote from the statute in my state? ?A ?real estate broker? is any person?.who, for another, and for compensation?.does, or attempts to do, any or all of the following: (3) Negotiates or offers or agrees to negotiate the sale, exchange, purchase, rental or leasing of real estate;? Again, my guess would be that other states have similar verbiage.
- ?But I’m not sure what I should say if they ask me how I get my commission. Frankly I don’t think it’s any of their business.?
Perhaps you and Lette are confused here, but it certainly would appear that Lette intends to collect a commission based on her statement.
Now here is a quote from your original post?. ?Granted there are people that check-up on others that engage in collecting a commission without a license but what are the chances of that happening? What percentage? It’s OK to be cautious but don’t be paranoid. This will create negativity. Not good!!?
This advice that you have given is terrible in my opinion. You seem to be saying that there is a small percentage chance that one would get caught if they violated the real estate licensing act. You evidently view concern over violation of the licensing act as ?paranoid?. You go on to create the impression that expressing a concern over Lette?s comments and apparent violations create a negative atmosphere, an atmosphere that you don?t view as good.
I would also point out to you that in your original post you were disagreeing with Eduardo as to his comments and advice. Eduardo, if I remember correctly, was a long-time real estate broker who has now dropped his license, and if memory serves, has been in this business for 25 years or so. I would gather that Eduardo may have something to offer in the way of knowledge regarding possible violations of the real estate licensing laws.
On the other hand, what you have to offer is an opinion, which appears to be based on your somewhat faulty judgment and a wish that everything should be positive. My suggestion to you would be to restrain yourself the next time to wish to offer an opinion on something that you know nothing about.
JPiper