The California Department of Real Estate (CA DRE) "salesperson" licensees continues to decline from the peak in 2007.
Statistics available from the CA DRE website show the following:
Month, Year Number of "salesperson" licensees
October, 2011 291,623
October, 2010 322,009
October, 2009 356,199
October, 2008 383,118
October, 2007 398,176
October, 2006 376,561
October, 2005 336,827
Yes, it would appear that the number of real estate licensees has mirrored the economic environment. You can see the decline in the numbers of licensees from 2007 through now, as with the economic downturn.
We think we continue to see the number go down. From what we are hearing, many agents who have been holding on in the business are about at the point where they feel it necessary to get a "real job" - one with steady income and, possibly, benefits.
What do you think?