Real Estate Licensing and examination activity
The number of applications for salesperson examinations administered has decreased 3 percent from FY 2017-18 when compared to FY 2016-17, while the number of broker examinations administered increased 7 percent during that same period. The issuance of new salesperson licenses has decreased by 3 percent over the last FY, while the issuance of broker licenses decreased by 4 percent.
California Real Estate Exam Pass Rate
From FY 2017-18, there were 45,582 exams administered, but only 23,550 people passed the California real estate exam and became a licensed salesperson. That’s around a 52% pass rate for test takers. Please note that these statistics do not give us the passing rate for first-time exam takers. Also the Real Estate License may not have been issued in the same month when Examinees passed the exam. In some case, even though Examinees passed the Real Estate exam, they might not have completed the application to receive the license.
California Real Estate License renewals for FY 2017-18 among salespersons and broker remained steady, with 80 percent of all salespersons and 91 percent of all brokers renewing their licenses. By the end of FY 2017-18, the licensing population was 419,154, which included 132,103 brokers and 287,051 salespersons. This reflects an increase of 1 percent over the number of licensees over the prior FY. Furthermore, in FY 2017-18, 23,619 MLOs successfully renewed their license endorsement, and by the end of FY 2017-18, 25,448 MLOs were either in an approved or approvedinactive status.
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