Real Estate is NOT a Profession!

How funny! A recent court ruling in Pennsylvania could possibly interpret real estate agents and brokers as not professionals.

Licensing requirements do vary by state. But, many, many states have similiar license guidelines to Pennsylvania.

So what's your occupation? I guess the last 15 years I've been working on my "hobby".

From July issue or Real Estate Intelligence Report:

Court says real estate is not a profession

(HARRISBURG, Pa.) - The Common Court of Pennsylvania has officially ruled that real estate agents - for lack of

extended education - cannot be considered professionals.

The ruling came in Passport Realty vs. Pennsylvania Gaming Control Board (No. 1947, CD, Commonwealth Court.

of Pa., July 2010)

Passport broker Gregory Rubino had hoped to offer his real estate services to Presque Isle Downs, which had a

gambling license for slot machines.

Under Pennsylvania law, however, Rubino was required to register with the state if he wanted to do business with a

gambling operation.

Rubino argued he should not have to obtain a registration, noting the law exempted certain professions from the

rule, specifically, "accountants, attorneys, engineers and architects."

In ruling against Rubino, the high court noted that real estate agents need not even be high school graduates to be

licensed by the state, and the hours of course work required did not approach the amount of college-level course work required for accountants, attorneys, engineers and architects. Therefore, it said, neither real estate agents nor brokers could be considered "professionals."

Funny Story......

Home Buyer Advocate Mike