California Real Estate Licensing Statistics Update and REALTOR® Demographics

The number of California Real Estate Licensees are steadily growing, recent report shows.

According to Bureau of Real Estate Forum in May 5, 2017, licensing population was 413,341 in March 2017. The graph shows that numbers have been gradually increasing the last 12 months. Between July 2016 and March 2017, there were 38,493 exams administered and 17,123 people received their license, total 55,408 licensees (broker and salesperson) renewed their license.

California Real Estate Licensing Statistics

“You need to know that not everybody getting their real estate license is necessarily going to be into selling real estate full-time. But agents number is growing. And this is a national trend. The number of Real Estate agents are growing nationally, not just in California.” said Mark Kunce, director/Instructor of Keller Williams San Diego Metro Real Estate School.

At the 2007 peak of real estate boom, the National Association of REALTORS®’ total membership was 1,338,001. After the market crashed, the numbers dropped to 999,824 in 2012. Total membership for May 2017 month end was 1,255,619. Licensing population was 413,341 in California, March 2017 but only 177,788 of them belonged to the National Association of REALTORS®.

“Although we continue to battle a housing inventory shortage in much of the country, optimism remains high for newly licensed agents who need to jump in with both feet. It’s a great profession, there are such low barriers to entering the field it’s fairly easy and relatively inexpensive to get started in this business.” Mark said.

Fun Facts

Occupational Employment and Wages, May 2016 (https://www.bls.gov/oes/current/oes419022.htm)
41-9022 Real Estate Sales Agents
States with the highest employment level in this occupation:

State Employment Employment per thousand jobs Location quotient Hourly mean wage Annual mean wage
Florida 17,510 2.13 1.97 $28.36 $58,980
Texas 16,210 1.38 1.28 $30.80 $64,070
California 12,400 0.78 0.72 $31.63 $65,790
Georgia 10,370 2.46 2.27 $21.53 $44,780
Washington 7,420 2.42 2.24 $27.93 $58,100

 

REALTOR® Demographics

  • 65% percent of REALTORS® are licensed as sales agents, 22% hold broker licenses, and 15% hold broker associate licenses.
  • The typical REALTOR® is a 53 year old white female who attended college and is a homeowner.
  • 63% of all REALTORS® are female, and the median age of all REALTORS® is 53.
  • Real estate experience of all REALTORS® (median): 10 years
  • Median tenure at present firm (all REALTORS®): 4 years
  • Most REALTORS® worked 40 hours per week in 2016.
  • The median gross income of REALTORS® was $42,500 in 2016, an increase from $39,200 in 2015.
  • Formal education of REALTORS®:
    • Some college: 31%
    • Bachelor’s degree: 31%
    • Graduate degree and above: 13%
    • Associate degree: 12%
    • Some graduate school: 6%
    • High school graduate: 7%
  • REALTOR® affiliation with firms:
    • Independent contractor: 86%
    • Employee: 5%
    • Other: 9%

Source:  2017 National Association of REALTORS® Member Profile


Statistics on REALTORS® and Technology

  • 27% of agents and 21% of brokers spent between $501 – $2,000 on technology in the last 12 months.
  • The top three tools that respondents plan on purchasing or replacing in the next year are: iPad (16%); Smartphone (15%); and digital camera (12%).
  • The most frequently used operating system is Windows 7 (38%).
  • The most popular smartphones are iPhone (52%), Android OS (45%), Blackberry (3%).
  • 91% of REALTORS® use social media to some extent.
  • The top places where REALTORS® place their listings are realtor.com®, Zillow and Trulia.

Source: 2013-2014 REALTOR® Technology Survey

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By | 2017-06-09T08:52:54-07:00 June 9th, 2017|California real estate licensing|

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