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A Real Estate License Isn’t a “Golden Ticket”

by Gary Kent / Wednesday, 06 August 2014 / Published in Q&A - Home Selling Questions

Question:

“A friend of the family just got a real estate license, so we’re going to have him sell our home.”

Answer:

This reminds me of what I call the “Golden Ticket Syndrome.”

Remember Willy Wonka and the Chocolate Factory?

If you had a Golden Ticket you got the grand tour of Willy’s candy factory and all kinds of “marvelous surprises.”

The “Golden Ticket Syndrome” is when people assume that a realty license automatically includes marvelous surprises like knowledge, skill, and experience.

Unfortunately, real estate isn’t like that. All you can assume if someone has a “golden” real estate license is it’s probably LEGAL for them to sell real estate.

Sadly, that’s about it.

So, while it would be very nice for you to be a guinea pig for your friend, you’d probably be better off giving them $10,000 in cash and hiring a successful agent to sell your home.

Make sense?

(Okay, you’re thinking I’m only writing this because I fancy myself successful. Am I right? Well, sure, I’d love for them to have me sell their home. But I really do mean this, no matter what agent they choose.)

 

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About Gary Kent

Licensed since 1984, San Diego real estate broker Gary Kent is a recognized authority on real estate. In addition to selling over 5,500 homes for clients, he has been an expert court witness, trainer of other agents, and he does seminars on home buying, home selling, and investing. Gary has sold homes for The Salvation Army, dozens of major banks, and Fannie Mae, amongst others. You can find Gary on Facebook, Instagram and YouTube.

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