San Diego Coastal Real Estate Resource

Being A Real Estate Agent: The Best Of Times And The Worst of Times

by Jeffrey on February 4, 2010

in Breaking News, For REALTORS, Statistics

End of 2009 Leaves California With 503,284 Real Estate Agents

That amount is down from the end of 2008 with 29,247 leaving the industry according to an article in the Orange County Register by Jonathan Lansner & Jeff Collins. This still leaves the State of California with 1 real estate agent for every 25 households. The percentage drop was 5.5% down from 2008. Some more interesting facts from the article.

In 2007, when to total number of people with real estate licenses peaked at 549,244, the state had one agent for every 23 households in the state.

At the start of the decade, however, there 38 households for every real estate licensee.

Put another way, California had one agent for every 76 men, women and children in the state in December.

That compares to one per 69 residents in 2007, when the number of licensees peaked. But that’s down from 112 at the start of the decade.

Looks as if we will have some upcoming slimming of the herd to make our industry more productive. Maybe it’s time that Brokers stop hiring just anyone and require training and accountability for their agents actions. Talk about a “shadow inventory” problem.

Is this FINALLY Agenthousing Armageddon?

Guess the only way that will happen is when the consumer demands it!

Photo courtesy of Flickr

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