So much for all the senior vice presidents, vice presidents, executive vice presidents, managing directors and all the other clunky important-sounding titles that real estate brokerages love to parcel out to their top-sellers. For a long time, brokerages have crowned their best and brightest with meaningless titular appendages that brokers are only too happy to slap on their business cards. Now the satisfaction of a job well done, big fat commission checks and the money and power that come with selling millions of dollars in real estate will have to be reward enough.
As the Wall Street Journal reported, New York State is putting the kibosh on all the fake fancy titles because, as it happens, most people who sell real estate are actually prohibited from holding them. Read More