Stop saying ‘agent’ and ‘salesperson’ and explain the job like a profession
A case for calling agents real estate professionals, based on licensing, continuing education, E and O coverage, and fiduciary duty.
The push to rebrand real estate agents as professionals is a significant shift in the industry, and it matters because it reflects the complexity and expertise required in the role. For ASID members, this change in terminology can impact how they collaborate with agents, as it emphasizes the agent's specialized knowledge and training. By recognizing agents as professionals, ASID members can better understand the value they bring to the table, from navigating local regulations to providing expert advice on property design and functionality.
The reasoning behind this rebranding effort is rooted in the fact that real estate agents undergo extensive licensing, complete continuing education courses, and maintain errors and omissions coverage, all of which demonstrate a high level of expertise and commitment to their work. Furthermore, agents are bound by a fiduciary duty to their clients, which means they have a legal obligation to act in the clients' best interests. This level of responsibility and expertise is on par with other professions, such as law or medicine, and warrants a more professional title.
As the industry continues to evolve, it will be important to watch how this shift in terminology affects the way ASID members interact with real estate professionals. Will it lead to more collaborative and effective working relationships, or will it create new challenges and expectations? Additionally, it will be interesting to see how this rebranding effort impacts the public's perception of real estate agents and the services they provide. By recognizing the value and expertise that real estate professionals bring to the table, ASID members can work together to create better outcomes for clients and drive success in the industry.
Originally reported by housingwire.com. ASIDNews adds analysis for real estate & property readers.