Real Estate Professional forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Too many agents? We're not going to stop licensing them

Notify me of new replies via email
Real Estate Professional | 18 Nov 2014, 05:07 PM Agree 0
Despite frustration regarding the number of so-called bad agents, Canada’s largest regulator says it’s not going to restrict the number of licences it hands out.
  • JJvan | 19 Nov 2014, 04:26 PM Agree 0
    Who's saying limit the number of licences to be granted? Make licensing more difficult to reduce the number of agents to those who are determined and educated enough to pass the test. If you can't pass a moderately difficult coarse then why do you think you are capable of handling a major personal financial transaction.
    It's time to weed out the incapable agents at the source, licensing. Why does the boards not think this is not their responsibility?
  • | 23 Nov 2014, 02:15 PM Agree 0
    Of coarse.
  • Asim Khan @ REMAX WEST | 30 Nov 2014, 02:31 PM Agree 0
    The College of Physicians and Surgeons in Ontario limits the number of licences it hands out. It also restricts the number of foriegn trained professionals that can practice in Province.
  • ECRE | 02 Dec 2014, 01:15 PM Agree 0
    Fully agree with JJVan. The barrier to entry is too low, to the benefit of the BROKERAGE industry, and to the detriment of the public who brokerages and the real estate transaction industry is ostensibly serving the best interests of. The current status quo business strategy for brokerages is to get the most dues-paying agents in the door: any raising of the barrier to entry will curb that flow and is counter to that strategy. So, competition is good, let the cream rise to the top, blah blah blah... this is all good in the context of growing a business, but it is completely contrary to the best interests of the public who we are meant to serve, at least in the current balance that exists between these competing interests. Helping someone buy or sell an asset of immense value is a privilege, and a very valuable service IF performed at a high level of professional ability. If the public were informed and given the choice between heavily vetted licensees (IE, high barrier to entry), and lightly vetted licensees (IE, a correspondence course and a few thousand bucks), which would they choose, every time? How about less agents that are much better qualified and prepared for their practice at the outset, and brokerages that charge more but provide deeper support and administrative support?
Post a reply