November 16, 2007
This appears to be a good thing for Realtors. I do not, however, feel that we (Realtors) should be forced to be "agents" of the buyer. I do not feel that we should be legally responsible for someone else's decision. Therefore, my suggestion is to open this requirement to allow for "transaction broker" representation. Further, I do NOT believe we should be able to close the transaction for the client.
I also, although better for me, do not see anywhere that eliminates receiving a commission in addition to the "Real Estate Advisory Fee". Thus two checks for the same work. This may be regulated elsewhere that I am unaware of.
Lastly, as a member of NAR, and that NAR is presenting this request, I believe the education requirements are ample. As far as other (non NAR) cetifications...If they feel they are qualified then they can petition the SEC at a later time.
Thank you for your time and consideration on this.