| There are two new Bills that are sitting on | | | | unqualified people are licensed to conduct |
| Governor Schwarzenegger¡¯s desk | | | | activities that require a good amount of |
| awaiting action that will certainly be | | | | experience. AB 1963 (Leslie) will rectify |
| beneficial to home buyers and homesellers. | | | | this problem. |
| AB 1963(Leslie)Real Estate Brokers License | | | | |
| and AB 2429 (Negrete McLeod)Real Estate | | | | The higher standards called for by AB 2429 |
| Salesperson Licensure will benefit the | | | | (Negrete McLeod) will also help protect |
| consumer by providing higher standards for | | | | consumers that rely on the fact that an |
| those entering the real estate field via | | | | individual is licensed by the State of |
| Department of Real estate licensing and | | | | California, and therefore assume that an |
| opening more opportunities for | | | | individual is qualified to provide them with |
| accountability in the provision of quality | | | | quality services. Experience has taught us |
| real estate service. | | | | all that the consumers¡¯ assumption of |
| | | | ¡°licensing¡± equaling |
| Currently, anyone with a four year degree can | | | | ¡°quality¡± service was |
| apply for a Broker¡¯s license without | | | | incorrect. Many consumers have suffered |
| having met the two year experience | | | | financially by hiring an inexperienced agent |
| requirement. This enables someone without | | | | to handle their real estate transaction, and |
| any real estate experience to conduct | | | | there was no way to undo the damage. This |
| supervisory functions without any practical | | | | is another step in the right direction. |
| experience. The consumer suffers when | | | | |