Article 11 REALTORS® are knowledgeable and competent in the fields of practice in which they engage or they get assistance from a knowledgeable professional, or disclose any lack of expertise to their client.
REALTORS® are expected to be knowledgeable in the area in which they are practicing. Within the Treasure valley market are several specialty property types: Farms, development land, commercial, industrial and condominium homesites.
These specialities require special education and are not covered by the licensing curriculum or the licensing process for either Salesperson or Broker licenses. A claim may be brought against an agent from a buyer, seller or another agent if their level of competence is below the industry standard of honest and fair dealing. Prior to commencing on listing or selling any of these special property types, an agent should take inventory of which types of special education they have participated in and avoid the areas in which they have no specic or special education without the assistance of a qualified agent with the necessary education.
The National Association of REALTORS® has many different societies and councils to facilitate the education process for these different areas of specialization. All NAR curriculum is approved for continuing education credit in Idaho, however the required hours for license renewal may not be enough to meet the demands of a progressive and complicated industry as is the real estate business.
Many agents may be found having violated the Code of ethics when they have not disclosed to all relevant parties "any lack of expertise", or the ability to prove adequate education demonstating competence. Operate within the bounds of Article 11 and the public will be properly served.
Article summitted by J. Doug Ferguson, ACAR Grievance Committee Member
Tuesday, June 16, 2009
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Personally, I would welcome the requirement to have specialized licenses to work as or claim to be a specialist. I have issues with people taking a one hour class or webinar and claiming to be a "specialist" The CRS and the GRI are great programs. The EcoBroker is pretty good and I hear that the new NAR GREEN designation is good too as is the EPRO designation.
ReplyDeleteI hope the National Association of Realtors will at least set a requirement of how many approved hours of additional training before you can call yourself a specialist!