California Real Estate Licensing and examination activity
The number of California Real Estate salesperson examinations scheduled decreased 9.4 percent in 2018 compared to 2017. The issuance of new California Real Estate salesperson licenses also decreased by 7.2 percent over the last year. In 2018, there were 50,129 exams administered, but only 22,357 licenses issued, according to The California Bureau of Real Estate (CalBRE) statistics.
The number of California Real Estate Licensees are steadily growing, According to Bureau of Real Estate Forum in February 1, 2018.
California Real Estate License renewals for 2018 among salespersons and broker remained steady, with 85 percent of all salespersons and 89 percent of all brokers renewing their license. Strong renewal rates and the increasing number of new salesperson licenses translated into a licensing population of 421,512 at the end of 2018. This reflects an increase of 1 percent over the number of licensees over the prior year. The graph shows that numbers have been gradually increasing the last 12 months.
California Real Estate Association of Realtors Members
“The statistically average REALTOR® is a Baby Boomer at 56.8 years old and 60% female, has 17.6 years of experience. And, like the country, the real estate brokerage industry is undergoing a significant demographic shift as Boomer agents continue to work but eye retirement soon. At 57 years, California REALTORS® are 22 years older than the state’s median age of 35 years. But we also know that this age gap will be closing in the years ahead. Twenty percent of the members said that they did not expect to still be in the business in 2021 with retirement by far the most frequently cited reason for leaving. So over the next few years, the old guard will be scaling back, and a new generation of agents and brokers will be taking the lead. One plus is that real estate continues to be an attractive career for newcomers—in 2018 C.A.R. welcomed 25,600 new members.”, according to California Real Estate Association of Realtors.
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