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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Ch. 12 Discussion.2

Ch. 12 Discussion.2

Q Legality generally concerns issues in which you can't have an agreement to do something illegal, or perhaps against public policy (yes, this is a vague term and not published.) How does licensing protect the public's interest? Ex. The license to practice a profession such as medicine, law, dentistry. Try this scenario: Ray Max gives me a call and asks me if I know of a candidate-buyer of the vacant house next door to my house. I informed my brother-in-law of the house and 'sold' him on purchasing the contract. Brother-in-law calls Max and purchases the house. Commission pays 1.5% of the purchase price of $300,000, or $4500. Max says he cannot pay me the commission as I do not have a 'license' to sell real estate. Is he correct? Can you assert a valid legal claim, in 'equity'(recall equity comes in to correct a bargain passing for free, and as we know, "...there's no free lunch!" in this world.)

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I feel that licensing protects the public interests by ensuring that the public can differentiate between real and fake individuals, and can also identify the individuals who are actually legally allowed and permitted by the local authorities to do a particular job of expertize. For example, if an electrician has a valid state license stating then only that electrician can be legally allowed and permitted to work as an electrician and enter into legal agreements and contracts within the jurisdiction of the state from where the license has been acquired and validated by the electrician.