More schooling planned for Realtors

More schooling planned for Realtors

Occhipinti, Christina

The New York State Real Estate Board is moving closer to receiving approval for its curriculum change in the real estate salespersons course.

That’s according to Priscilla Toth, director of professional development at the New York State Association of Realtors in Albany.

“The curriculum (was) approved by the New York State Real Estate Board in March and reaffirmed (at the board’s June 6 meeting),” Toth said in an e-mail message. “This curriculum has been drafted into new regulations and will be delivered to the governor’s Office of Regulatory Reform for review. Once approved by the governor, it will be open to public comment for 45 days.”

Toth acknowledged that the New York State Real Estate Board, as well as other organizations, are anxiously awaiting approval from Gov. Eliot Spitzer, which is expected “within the next few months.”

“We are hoping (for the governor’s approval) within the next few months because there are many textbook authors waiting with bait-ed breath to get the final curriculum outlined so they can begin writing the textbooks that will be used in the courses,” she said. “Once done, the New York State Real Estate Board is going to start looking at updating the brokers’ qualifying course.”

The increase in the number of hoursfor the salespersons’ qualifying course was something that was pursued for an extended period of time, said P. Gilbert Mercurio, chief executive officer of the Westchester County Board of Realtors in White Plains.

“The real estate industry in New York, especially the Westchester County Board of Realtors and the New York State Board of Realtors had lobbied for a number of years to increase the amount of education people would need to be a licensed real estate sales person,” Mercurio said. “We were successful in getting it increased to 75 hours from 45 hours, and that bill will … go into effect on July 1, 2008.

“People wanting to get a real estate license aft that date will be attending these longer courses instead of 45-hour courses that have been in effect for many, many years.”

Toth echoed Mercurio’s sentiments toward the curriculum change: “Our membership felt there was need for more training prior to practicing.”

Mercurio cited changes in the real estate industry as the main factor driving the need for a redesigned curriculum.

The upgraded curriculum will now include the following subject matter: agency disclosure, contract of sales and leases, land-use regulations, municipal leases, property insurance, taxes and assessments, condominiums and cooperatives, commercial and, investment, income tax issues, mortgage brokerage and property management.

Copyright Westfair Communications Jun 18, 2007

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