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CEO Corner: Commissioner Anne Rubin

by McGee, Michael on

Pennsylvania Real Estate Commission Chair Anne Rubin stopped by the PAR office to discuss a variety of industry issues. Rubin has been a Realtor® for more than 30 years and is managing partner of Century 21 Advantage Gold in Elkins Park.

The top of our conversation was the approaching license renewal process and how agents can prepare for that. She said there are several steps all agents should make in order to prepare for their license renewal:

One aspect of this year’s renewal that many may not be aware of is the additional $10 fee that licensees are required to pay toward the Real Estate Recovery Fund. The fund was established by the Real Estate Licensing and Registration Act to provide reimbursement to victims of fraud, misrepresentation or deceit committed by real estate licensees during the course of a transaction. By law, the commission must maintain a minimum balance for recovery purposes and because the fund is nearing that limit, licensees are required to pay the additional fee.

Rubin noted that property management claims have attributed in large part to the depletion of the recovery fund. She anticipates that the additional education real estate licensees are required to have regarding property management may help reduce the number of claims filed in the coming year.

To see more of my conversation with Rubin, watch the video.


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Pennsylvania Real Estate Commission CEO Corner
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Comments (11)

Comments

  • Shiela Smith - Realtor    March 6, 2020 | 7:23 am

    Why do reciprocal licensees NOT have
    to take any PA real estate or renewal classes? I work out of an office in Maryland with PA reciprocal licensees. I am the only one in the office going to classes to renew my PA license. I dont understand why they don’t need to go to classes, as the laws and rules are different from PA to MD.

    Reply to Shiela Smith - Realtor
  • Lisa Linn    March 6, 2020 | 8:44 am

    Then property management licensees should have to pay the additional fees! We pay Enough! I pay high E&O , MLS fees keep rising too. So if more education is needed for Property Management transactions and issues, why are ALL of us paying for more education for them?

    Reply to Lisa Linn
  • Joan Bushey    March 6, 2020 | 8:53 am

    Why would you want to put out a newsletter and mention that one of the items realtors are interested in is to see who is fined or disciplined. That should not even be in the newsletter. There are other avenues to research that if realtors really want to see that. That was really a surprising comment on the video today.

    Reply to Joan Bushey
  • Hank Lerner, Esq.    March 6, 2020 | 10:30 am

    The overall point of the reciprocal licensing rules is to make it easier for licensees to do business across state lines. The structure of the rules says that where states have generally similar license requirements, a reciprocal licensee need only do the education to maintain their ‘standard’ license in order to also maintain the reciprocal license. You’re absolutely correct that the law is different between any two reciprocal states. Keeping in mind that both the law and Code of Ethics do require a certain level of competence in one’s business the best practice is certainly for those licensees to keep up-to-date on the law and practice in both, but it’s not required that they complete the specific educational requirements of the second state.

    Reply to Hank Lerner, Esq.
  • Hank Lerner, Esq.    March 6, 2020 | 10:32 am

    Lisa:
    Pennsylvania does not have separate licensing for different types of real estate practice – commercial, residential, property management, etc. As such, there is no way for the state to be able to verify what licensee is doing what type of real estate work in what proportions. While property management is certainly an issue for the recovery fund there are definitely other practitioners whose clients have obtained funds over the years.

    Reply to Hank Lerner, Esq.
  • Don Graves    March 6, 2020 | 10:50 am

    My practice has nothing to do with property management. Lisa’s comment makes good sense. Focus on property managers if they are depleting resources.

    Reply to Don Graves
  • Kenneth Enochs Jr    March 6, 2020 | 1:10 pm

    Thank you CEO Mike McGee and Commissioner Anne Rubin for this timely video. What a great overview for all to understand the different roles that the Pennsylvania Real Estate Commission and the State Association of Realtors hold.

    Reply to Kenneth Enochs Jr
  • Dawn Parasolick    March 10, 2020 | 3:17 pm

    Do we know when will license renewal be open? And when the Commission will notify licensees by email?

    Reply to Dawn Parasolick
    • Kelly Leighton    March 10, 2020 | 3:35 pm

      Hi Dawn,
      The bureau will be sending an email alert to all licensees shortly to let them know the renewal process is open on the Department of State’s website.

      Reply to Kelly Leighton
  • Jackie Altland    March 13, 2020 | 11:21 am

    Property Managers and Landlords should be held to higher standards like we PA Licensee are .. Property Landlords & Managers work by own rules! Why should we continually pay?

    Reply to Jackie Altland
  • R.Dennis McClelland    March 19, 2020 | 10:14 am

    Hi Mike and Anne, This is one of your past supporters and Emeritus members…I personally thank you for explaining the new renewal issues, it came across clear and distinct. Also thanks for the positive relationship between the two entities. Stay well…

    Reply to R.Dennis McClelland

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