November 14, 2007
I am dual licensed, both in Real Estate and Securties.
I believe that the public would be better served by just letting Securties people sell TICS. The regulation and complience that the Securties industry have are much more stringent then the RE industry. Because the Security people are used to that regulation there would be fewer mistakes made with the public. Where-as the RE person would be wearing Two Hats as far as complience goes and would not have the history via audits and complience departments backing them up.
How would the SEC regulate advertising of TICS if RE people did it?
I am in favor of allowing referal fees paid to RE people if it was capped and not abused. (i.e. kickbacks, or using a sec. lic. person as a figurehead.) But the Sec person would have to qualify the client and do all the paperwork.