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Deb Peterson

"What You Don't Know Can Cost You" Chris Hoffman

By May 23, 2011

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I found a powerful editorial this morning written by Chris Hoffman for the Madison County Courier in New York about a continuing ed. class she attended on oil and gas rights in real estate.

Unless you're a real estate agent who deals with oil and gas properties, the details are overwhelming. The point, however, is the value of continuing education.

Hoffman writes about the cost of not understanding how oil and gas property rights are taxed:

"In other words, if you have a mortgage on your property, and you lease or sell gas rights, you could be subject to your mortgage holder demanding full and immediate payment of the balance due on the mortgage," she writes.

Continuing education requirements for professional certification serve a real purpose. They keep the experts we rely upon expert.

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