May 26th, 2007 ·An interesting phenomenon is occurring in California. With the market softening and the sales slowing, you would expect the number of Agents to start to shrink. From roughly 495,000 licensees (brokers and agents) to 532,000 - the number is now growing.
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That translates to be 1 out of every 50 adults in California is a licensed real estate agent. That means there is virtually an Agent on every block in the state holding a license to sell properties or do loans.
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This gold rush mentality is amazing despite the downturn in the housing market and the notoriety of the past year’s doom and gloom reports. The number of real estate license holders in California is continuing to rise. There appears to be a bit of madness running rampant throughout California.
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