Real estate brokers and salespersons play an integral role in the purchase and sale of residential real estate. In 2018, the average homeownership rate in California was 55.2% and there were more than 440,000 unique residential real estate transactions. On average, 90% percent of all California buyers and sellers used a real estate agent in their transaction.
California Real Estate Licensing and examination activity
The number of California Real Estate salesperson examinations scheduled decreased 4.7 percent in 2019 compared to 2018. The issuance of new California Real Estate salesperson licenses also decreased by 5.5 percent over the last year. In 2019, there were 47,716 exams administered, but only 22,063 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 7, 2019. California Real Estate License renewals for 2019 among salespersons and broker remained steady, with 79 percent of all salespersons and 92 percent of all brokers renewing their license. Strong renewal rates and the increasing number of new salesperson licenses translated into a licensing population of 425,161 at the end of 2019. 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.