Real estate booms and busts can have a corresponding impact on the agent and broker population. But in California at least, real estate licenses show little sign of climbing out of their recent trough.
California home prices peaked in 2006, and the agent population hit an all-time high at the end of 2007, Calculated Risk’s Bill McBride reports. In July, salesperson’s licenses remained down 33.5 percent from peak, back at 2004 levels. Broker’s licenses were down 9.9 percent from peak. Source: calculatedriskblog.com.