Hello, This is Oscar Arellano with another episode of #RealtorBUZZ. Today we are going to talk about the difference between experience and the amount of years of holding a real estate license. So what are the differences?
Years of holding a license do not guarantee experience in the field. You could have a license since 1980 and have done ten transactions in a lifetime versus someone who has had a license for five years and has done 500 transactions.
I have had situations where I go for an interview for a listing, and the owners would say, “My neighbor Johnny from XYZ Realty has had their license since 1980.” And I say, “Great! Let me ask you a question. How many transactions has Johnny done?” They would say something like, “Well I think he does maybe one a year. Last year he did one for his family and the year before that he helped a friend sell his home.” I would say, “ Ok Great! Well, I have been doing this for 14 years, but I have done close to 1000 transactions.”
I have had my license for a shorter period of time than Johnny, but I have had more experience. In this market, when you are looking for a realtor, make sure they know the market. Make sure they know the new contracts and make sure they are in-tune with all the changes.
Just because someone has had a license for a longer period of time than someone else, doesn’t mean they have more experience or that they are a better realtor for that matter.
An FYI, when you are interviewing Realtors, make sure they have volume in transactions and experience.
Any questions you have regarding real estate matters, or you are looking for a real estate professional to help you buy, sell, or rent your home, please contact me, and I will be happy to help.