New 45-Hour Post-License Requirement
Published Wednesday, August 25, 2021
There’s a change on the horizon in the real estate license law that makes good sense all the way around. The education a newly licensed agent is required to complete has been increased from 30 to 45 hours. It is now mandatory, and must be completed before the agent can conduct any business “on their own” without their Designated Managing Broker’s supervision. Until this training is complete, the new agent’s Designated Managing Broker must accompany them during contract negotiations, listing presentations, and all other licensed activities until that post-license education is completed.
Before the new law change, new agent training was often hit or miss. Most major real estate brokerages offered new agent training but it was most often voluntary. This new, required, training will ensure a smoother transition into real estate for the new broker, better communication for the brokerage team, and overall industry improvement as brokers prove to be more and more capable.
Most license law changes are consumer complaint-driven and it’s clear that there have been many problems with new agents who haven’t been properly trained and have made some serious mistakes. With the new 45-hour post-license requirement, we should see a huge reduction in consumer complaints when new real estate brokers are properly trained.