2017 California Real Estate Licensing Statistics and The Return of the “Department of Real Estate”

2017 California Real Estate Licensing Statistics

In 2017, there were 55,318 exams administered, 25,116 people passed the California real estate exam and became a licensed salesperson, according to the Bureau of Real Estate Forum January 18, 2018, Presentation in Monterey. By comparison, just 22,916 people became agents in 2016.

These Bureau of Real Estate figures also shows 51,550 California Real Estate Salesperson Licensees renewed their license, which is 88% renewal rate, 1% lower compared to 2016. 29,400 California Real Estate Broker licensees renewed their license, which is 91% renewal rate, 1% higher compared to 2016.

At the 2007 peak of California’s real estate boom, 549,250 people had a California Real Estate License. After the market crashed, the numbers dropped to 402,758 California Real Estate Licensees in 2014. Since then the number of Real Estate Licensees continued to increase. There were a total of 419,016 California Real Estate Licensees in December 2017.

2017 California Real Estate Licensing Statistics

 

The Return of the “Department of Real Estate”

On October 15, 2017, Governor Jerry Brown signed Senate Bill 173. The bill, written by Senator Bill Dodd and sponsored by the California Association of Realtors, was widely endorsed by industry groups and received unanimous affirmative votes in the CA State Senate and the State Assembly. Under the terms of the bill, the effective date of the new Department – with a wind-down of the bureau and separation from the Department of Consumer Affairs – will be July 1, 2018. So whether one calls the “Department” called for by the new law as a “restoration” or “re-establishment” of the prior Department of Real Estate (DRE), which ceased to exist in 2013, or a “regenerated” department arising from the end of the bureau, the DRE will be up and running again.

Following the Governor’s signature on the bill, CalBRE have received a number of inquiries as to whether business cards and marketing materials will need to have the initials or acronym “DRE” accompany a licensee’s license number.

“From our perspective, it is fine if any of the following initials/acronyms accompany a license number: DRE, BRE, or CalBRE. The statutes only refer to the need for a license number. And that is really our only focus. And if a licensee elected to have signage or a card that stated “RE Lic #” or something like that, that would always be appropriate. But DRE, BRE, or CalBRE are all fine as well.” wrote, Wayne S. Bell, Commissioner of CalBRE.

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