Comments on: DRE’s failure to oversee its licensees and protect consumers http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/ Wed, 08 Feb 2012 04:44:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ai http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-58203 Ai Fri, 05 Feb 2010 17:15:46 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-58203 Great article, Anthony. As a side note, I thought it was hilarious that the CAPTCHA word I had to type in was "despotic". Oh, and to whomever is in charge of the Facebook side of things, I think responses to the comments would be helpful to your "fans". Great article, Anthony. As a side note, I thought it was hilarious that the CAPTCHA word I had to type in was “despotic”.
Oh, and to whomever is in charge of the Facebook side of things, I think responses to the comments would be helpful to your “fans”.

]]> By: Steve Bradley http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51522 Steve Bradley Thu, 10 Dec 2009 22:45:57 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51522 I agree with the "more education" idea; however, selling a home is actually a simple process, made much more complex by all the legislation, lending, and title issues surrounding it. Inherently, it's as simple as selling a piece of candy--except that with the candy, it's fairly simple to determine what you are getting, and the buyer normally doesn't have to borrow money to buy it; it's also fairly easy to determine the value of candy. It is my belief that the basic problem is not education, but honesty. This is true of lenders, of brokers, of title companies, and of other entities involved in the real estate purchase process. Virtually every consumer dollar lost in real estate transactions is lost, not because uneducated persons have supervised the process, but because dishonest people have done so. Now I am in favor of knowledge, don't get me wrong, and I attempt to remain abreast of all new developments in the industry that makes my income for me. However, when I hear the words, "educate more," I think of the recent debacle in the financial services industry, where there were thousands of well-educated people who stole money from investors--or Bernard Madoff, who certainly had plenty of education (he was once the head of NASDAQ, after all), and whose accountants and other assistants were intelligent people. People want money they haven't earned, or they want money that is not due them, or they want money earned under subterfuge, or they have some other issue with business integrity. I cannot think of ONE instance in which "lack of education" was the real factor in consumer losses. In fact, the opposite is true, if memory serves me. This is an effort by the legislature to solve a problem that has essentially been created by social engineering, and it goes all the way back to the 50's and 60's, when relativism and lying were not only condoned but praised. President Kennedy called it a "credibility gap" back in the 60's, and it was wrong then, and it is also wrong now. The man or woman who says, "I made mine, good luck with getting yours" exemplifies this thinking to a "T." Think of the rating services who "passed on" all the bonds created out of loans that any savvy person HAD to know were junk, and would default. Think of the Federal Govt creating the "too-big-to-fail" mentality, and paying its "friends" with taxpayer dollars. Think of GM and Ford, in the 60's, creating "Planned obsolescence" (a euphemism for "making it so that we know it will break")...did any of these people lack education? NO. They lacked honesty and integrity. That's what's missing, and it will be at least two generations before we can create an environment where business is done with real integrity, if we start now. Please don't talk to me about "education." I agree with the “more education” idea; however, selling a home is actually a simple process, made much more complex by all the legislation, lending, and title issues surrounding it. Inherently, it’s as simple as selling a piece of candy–except that with the candy, it’s fairly simple to determine what you are getting, and the buyer normally doesn’t have to borrow money to buy it; it’s also fairly easy to determine the value of candy. It is my belief that the basic problem is not education, but honesty. This is true of lenders, of brokers, of title companies, and of other entities involved in the real estate purchase process. Virtually every consumer dollar lost in real estate transactions is lost, not because uneducated persons have supervised the process, but because dishonest people have done so. Now I am in favor of knowledge, don’t get me wrong, and I attempt to remain abreast of all new developments in the industry that makes my income for me. However, when I hear the words, “educate more,” I think of the recent debacle in the financial services industry, where there were thousands of well-educated people who stole money from investors–or Bernard Madoff, who certainly had plenty of education (he was once the head of NASDAQ, after all), and whose accountants and other assistants were intelligent people. People want money they haven’t earned, or they want money that is not due them, or they want money earned under subterfuge, or they have some other issue with business integrity.
I cannot think of ONE instance in which “lack of education” was the real factor in consumer losses. In fact, the opposite is true, if memory serves me. This is an effort by the legislature to solve a problem that has essentially been created by social engineering, and it goes all the way back to the 50′s and 60′s, when relativism and lying were not only condoned but praised. President Kennedy called it a “credibility gap” back in the 60′s, and it was wrong then, and it is also wrong now. The man or woman who says, “I made mine, good luck with getting yours” exemplifies this thinking to a “T.” Think of the rating services who “passed on” all the bonds created out of loans that any savvy person HAD to know were junk, and would default. Think of the Federal Govt creating the “too-big-to-fail” mentality, and paying its “friends” with taxpayer dollars. Think of GM and Ford, in the 60′s, creating “Planned obsolescence” (a euphemism for “making it so that we know it will break”)…did any of these people lack education? NO. They lacked honesty and integrity. That’s what’s missing, and it will be at least two generations before we can create an environment where business is done with real integrity, if we start now.
Please don’t talk to me about “education.”

]]> By: V La Froscia http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51438 V La Froscia Wed, 09 Dec 2009 23:25:36 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51438 Re: "The DRE should create a similar designation such as an apprentice or trainee sales agent license, presently called a runner for those licensees who bring new talent onto their team. Newly licensed sales agents should be required to tagalong with a more experienced agent or broker in a specific real estate field of choice as a requirement before graduating into what the DRE could call a certified sales agent license. Only after acquiring further hours of education, experience, and perhaps an additional specialization endorsement as is available to attorneys, could a licensee then apply for a broker’s license." GREAT & EXCELLENT - yet ANOTHER way for me to spend time NOT making money in a commission-only industry because I'm chasing some other agent around who, by the way, may be a complete knucklehead and without ethics of his or her own. This is so typical of California-think - - - a few criminals and miscreants in an industry so let's punish everyone. Don't confuse credentials with experience or ethics ! And to poster Faber - I'm pretty sure not a single RE agent has ever injured someone with chemical burns or sharp cutting objects while selling a home which is why it's more difficult to get a cosmetology license. Re: “The DRE should create a similar designation such as an apprentice or trainee sales agent license, presently called a runner for those licensees who bring new talent onto their team. Newly licensed sales agents should be required to tagalong with a more experienced agent or broker in a specific real estate field of choice as a requirement before graduating into what the DRE could call a certified sales agent license. Only after acquiring further hours of education, experience, and perhaps an additional specialization endorsement as is available to attorneys, could a licensee then apply for a broker’s license.”

GREAT & EXCELLENT – yet ANOTHER way for me to spend time NOT making money in a commission-only industry because I’m chasing some other agent around who, by the way, may be a complete knucklehead and without ethics of his or her own.

This is so typical of California-think – - – a few criminals and miscreants in an industry so let’s punish everyone.

Don’t confuse credentials with experience or ethics !

And to poster Faber – I’m pretty sure not a single RE agent has ever injured someone with chemical burns or sharp cutting objects while selling a home which is why it’s more difficult to get a cosmetology license.

]]> By: Terri Doria http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51404 Terri Doria Wed, 09 Dec 2009 15:23:55 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51404 There is definitely not enough oversight going on right now. I sent a complete package to the DRE showing Realtor activities that breached their code of ethics. Their activities included not allowing buyers that did not use their office and selling foreclosed homes for far lower than fair market value, which in turn shortchanged the very banks (Sellers) they were working for. The DRE sent me a pleasant response indicating it was unfortunate but not within their realm of activity and I should contact the Realtor's particular Board. I've seen more unaccountable activity in the last couple of years than ever before. Our communities were not prepared for the huge number of foreclosures but the criminals are always ready. In turn the DRE and our individual Boards should be their for us instead of simply passing the buck. There is definitely not enough oversight going on right now. I sent a complete package to the DRE showing Realtor activities that breached their code of ethics. Their activities included not allowing buyers that did not use their office and selling foreclosed homes for far lower than fair market value, which in turn shortchanged the very banks (Sellers) they were working for. The DRE sent me a pleasant response indicating it was unfortunate but not within their realm of activity and I should contact the Realtor’s particular Board. I’ve seen more unaccountable activity in the last couple of years than ever before. Our communities were not prepared for the huge number of foreclosures but the criminals are always ready. In turn the DRE and our individual Boards should be their for us instead of simply passing the buck.

]]> By: Mel Brown http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51344 Mel Brown Wed, 09 Dec 2009 00:01:03 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51344 I have RE License in CA & AZ as Loan Offier. Noticed in CA anybody can be a Realtor even if this person has felonies and other bad records that can be reflected to the public. I came across with several CA Realtors that lack any integrity or any level of education, they only know how to malpractice. This Realtors demostrated no more real interest to the public, instead Realtors go for their own comision profit and best advantage to them not to the consumer. Realtors used their profit to pay alimony, car repo, etc. In AZ is a custom not only to passed the RE License, also is a requeriment to pass clean record in the last 7 years from other goverment agencies, such as: policie department., child support, DMV, drugs, credit report, etc. Would be nice for CA to include this aditional requirements for a new Realtor applicant o even request a Bond for a periord of years until they probe their honesty to the public, is a must for new realtors to have a level of education. Any new rule will help to decrease the unscrupulous people. We need real honest people in the Real Estate market, protect the public and avoid any risk. I HOPE FOR THE BEST RE COMISSIONER if you can improve the uncontrolable licensing. I have RE License in CA & AZ as Loan Offier. Noticed in CA anybody can be a Realtor even if this person has felonies and other bad records that can be reflected to the public. I came across with several CA Realtors that lack any integrity or any level of education, they only know how to malpractice. This Realtors demostrated no more real interest to the public, instead Realtors go for their own comision profit and best advantage to them not to the consumer. Realtors used their profit to pay alimony, car repo, etc. In AZ is a custom not only to passed the RE License, also is a requeriment to pass clean record in the last 7 years from other goverment agencies, such as: policie department., child support, DMV, drugs, credit report, etc. Would be nice for CA to include this aditional requirements for a new Realtor applicant o even request a Bond for a periord of years until they probe their honesty to the public, is a must for new realtors to have a level of education. Any new rule will help to decrease the unscrupulous people. We need real honest people in the Real Estate market, protect the public and avoid any risk. I HOPE FOR THE BEST RE COMISSIONER if you can improve the uncontrolable licensing.

]]> By: D Stephen Faber, JD http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51337 D Stephen Faber, JD Tue, 08 Dec 2009 21:17:00 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51337 In CA it is harder to obtain a beautician or barber license than a RE agent license- Of course you have heard the one about the man who was stopped by the CHP for speeding and the cop asked the man for his real estate license. The man said to the cop, "surely you meant my driver's license?" The cop said "no, not everyone has a DL but almost everyone has a RE license." In CA it is harder to obtain a beautician or barber license than a RE agent license-

Of course you have heard the one about the man who was stopped by the CHP for speeding and the cop asked the man for his real estate license. The man said to the cop, “surely you meant my driver’s license?” The cop said “no, not everyone has a DL but almost everyone has a RE license.”

]]> By: Steven Daiker http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51276 Steven Daiker Tue, 08 Dec 2009 02:52:53 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51276 Finally author Renaud has expressed what has been obvious in California. California should learn from other states like Nevada that until you treat the practice of real estate as a licensed profession and raise the educational bar of entry, the public will continue to be at risk. Making annual education and broker supervision the focus of the DRE will only enhance the profession. The number of new brokers with a college degree and absolutely no experience in real estate is astounding. As a broker in California and Nevada, I can attest first hand at how pleasant it is working with licensees in Nevada who are generally more educated and supervised in their real estate activities. In California licensees actually practicing real estate full-time continue to be in fear or on the defensive for the next act of malpractice exhibited by an unexperienced and unsupervised California licensee. That being said, you can only imagine how a member of the public feels. California needs to step it up! Finally author Renaud has expressed what has been obvious in California. California should learn from other states like Nevada that until you treat the practice of real estate as a licensed profession and raise the educational bar of entry, the public will continue to be at risk. Making annual education and broker supervision the focus of the DRE will only enhance the profession. The number of new brokers with a college degree and absolutely no experience in real estate is astounding. As a broker in California and Nevada, I can attest first hand at how pleasant it is working with licensees in Nevada who are generally more educated and supervised in their real estate activities. In California licensees actually practicing real estate full-time continue to be in fear or on the defensive for the next act of malpractice exhibited by an unexperienced and unsupervised California licensee. That being said, you can only imagine how a member of the public feels. California needs to step it up!

]]> By: Raul Morales http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51272 Raul Morales Tue, 08 Dec 2009 00:41:25 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51272 Lets make Anthony Renaud the new commissioner of the DRE and we'll all rest easier, and the public will at last be safe. Lets make Anthony Renaud the new commissioner of the DRE and we’ll all rest easier, and the public will at last be safe.

]]> By: Alan http://firsttuesdayjournal.com/dre%e2%80%99s-failure-to-oversee-its-licensees-and-protect-consumers/comment-page-1/#comment-51257 Alan Mon, 07 Dec 2009 19:49:28 +0000 http://blog.firsttuesdayjournal.com/?p=2000#comment-51257 Good article but the suggestions put forth will never fly. As with all the other government departments in Sacramento (and Washington DC) they are self serving to their own interests and survival. Guess I'll get a trust fund audit after this comment. Alan Broker since 1981 Good article but the suggestions put forth will never fly.

As with all the other government departments in Sacramento (and Washington DC) they are self serving to their own interests and survival.

Guess I’ll get a trust fund audit after this comment.

Alan
Broker since 1981

]]>