I think first and foremost a buyer/seller should interview several Realtors to get a feel of how they may or may not work together. The consumer should be aware that not all licensee's are created equal! They definitely want a Realtor in there corner. Someone they feel comfortable with and can ask questions to without feeling embarrassed or uncomfortable. Someone who will be attentive and work hard on their behalf. Someone that gets it done.
When new agents are mentored throughout the process by an amazing broker, surrounded by an A-Team of Affiliates... success is inevitable!!
In the Bay Area, there are agents who do just 5-10 sales a year (a novice by your standards), but close $50-150M in sales.
Licensed Associate Broker
Accredited Buyer Representative
William Raveis Legends Realty Group
I agree. HOWEVER....
I suggest the OTHER agents set the rules for competency and much the same simplistic manner that 'transaction count' is inferred to have some meaning. (think teams)
Like 'Momma' instructed, "Let your brother cut the cake, but you choose your piece first."
They may choose that the one with the longest alphabet train will be superior.
Some may vote for those who have the longest signature line...
....of who can post with the most redundancy on aggregate websites
...or who is most proficient at begging for a best answer.
Others may simply be happy with whoever will buy lunch!
Some may choose the number of times your calls go to voice mail. (not a bad measure)
Still others will count only your Trulia recommends.
How do you measure confidence?
How will you assess the agents ability to find solutions to the myriad of home owner/buyer challenges?
How about the art of transaction architecture?
If an agent can not recite 15 ways to finance a home purchase, should they not be branded with the scarlet letter?
What ever measure(s) would be selected, there will be a population who believes others are receiving an unfair advantage.
The consumer has demanded choice. With choice comes complexity. The consumer has access to much more information, bogus information from sights like Zillow and Trulia. When you realize this is the disinformation from which consumers respond, do you really think transaction count will mean a thing EXCEPT to other agents....and we do have access to that data already..right?
Besides, there is NOTHING preventing ANY agent from plastering their production numbers on every bill board, bus bench, postcard and place mat in the county. No, there is no benefit in tiered license. There is no benefit in 'raising' the entry bar. There is no benefit in imposing 'unbecoming of a professional' standards that so many wish to impose. It is all NONSENSE!
What we have is a beautiful system that has proven to be efficient and effective in assisting home buyers and sellers. It is ironic we have this discussion in the heart of the problem. Right hear where agent intellectual data is not acknowledged, listing agent identification is deliberately obscured, homes for sale are fabricated, RealyTrac is held unaccountable, and where agents BUY expertise. Don't you find it ironic?
This was never a discussion about penalties of any type. It is intended to be a dialogue about full disclosure to consumer to let the consumer know what level of experience and professional education the "expert" they have called upon actually has. Just like the consumer asking the agent "How many homes have you sold recently." Honesty, integrity and education would dictate that he professional real estate agent would answer that properly. So why not have to show a license that gives that info. up front? Please don't tell me that most agents are really just hoping that they don't ask.
I respect the dialogue but the logic in both seem flawed. I didn't intend to create dialogue that would generate such defensive answers. I am thinking more about the consumer protection just like I would want to know if the surgeon that will be operating on me is brand new at surgery or if he is a leader in his field.
I agree with Michael Cheng, volume doesn't necessarily mean inexperience. To add to that, Newer agents are, (In my opinion!) going to provide better service as they are trying to build themselves a client base. Further more, new agents typically have their Brokers check over all of their contracts to make sure they're doing it all correctly.
In any job, there is always going to be new people that might not be as seasoned as you but, try to remember, you were there once!