Industry News

Real estate licensees are booming in California

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The California Department of Real Estate announced today that there are about 500,000 real estate licensees in the state – which means that one in every 52 adults in California has a real estate license. In 2005, the number of licensees grew 14 percent over the previous year to a then-record 476,000 licensees. That total represented a 57 percent increase compared to the number of California real estate licensees in 2000. The number of licensees reached 495,000 as of April 2006. To accommodate the demand for licenses, the department has conducted several "mega-exams" in which thousands of applicants took the real estate license examination, according to the announcement. "The department also increased the services available through its ... eLicensing online system through which 52 percent of salesperson license exams are now scheduled online, amounting to over 70,000 since March 1, 2005," the department announced. Jeff Davi, commissioner for the Department of Real Estate, said in ...