Real estate licenses , authorizations issued by state governments, provide agents and brokers the legal capacity to represent home or buyer sellers in the process of buying or selling real estate. Real estate agents and real estate brokers are required to be licensed when performing real estate transactions in the United States and many other countries.
Through complex arrangements, the National Association of Realtors (NAR), a trading and lobbying group for agents and brokers, sets policies for most multi-list services. As the Internet became more widely used in the late 1990s, NAR created a regulation that enables the Exchange of Information Data (or Internet Data Exchange ) (IDX) where brokers will allow some of their data, such as a list of homes for sale, to be viewed online through a broker or agency website.
The Association seeks to restrict online access to some or all of the data, especially by brokers operating only on the Internet. In 2005, the Justice Department brought an antitrust suit against the NAR trade group. The complaint accuses the association of unfairly restricting access to multiple service lists (MLS), which effectively prevents online brokers from competing with traditional brick-and-mortar offices. The Justice Department accused NAR of plotting to curb trade.
Video Real estate license
License reciprocity agreement
Some US states have reciprocal agreements where permission from other countries to become licensed in that state. The details of each reciprocal agreement vary from state to state. Some countries have educational requirements to be met by agents while others only require that agents fill out mutual licensing applications with the State.
Maps Real estate license
See also
- The housing bubble
- List of real estate topics
- Real estate appraisal
- The real estate economy
- Real estate industry trading group
- Real estate prices
- Real property
- Real estate trends
References
External links
- National Association of Realtors
Source of the article : Wikipedia
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