What effect does the RIBO Act have on the training and competence of brokers?

The RIBO Act emphasizes the importance of ongoing professional development for brokers, aiming to enhance their knowledge and skills to improve service standards. This provision ensures that brokers stay updated on industry practices, regulations, and changes that may impact their work and the services they provide to clients. By mandating ongoing training, the Act supports the idea that continuous improvement in competence is vital in maintaining a high level of professionalism within the brokerage field. Ultimately, this focus on ongoing development is intended to protect consumers and ensure that brokers are well-equipped to meet their needs.