DRE Winter Bulletin
There were many interesting sections in the DRE Winter Bulletin. A previous post discussed Missing Trust Fund Money. There were some interesting statements about Licensing in the Fiscal Year 19-20.
At the end of FY 2019-20, DRE’s licensing population stood at 421,624, which included 291,759 salespersons and 129,865 brokers. This was a decrease of just 1% from the prior fiscal year. Still far below the 586 just before the Real Estate recession.
For FY 2019-20, license renewals for both salespersons and brokers remained steady. Seventy-nine percent of salespersons, and 92% of brokers renewed their licenses during the fiscal year.
The number of salesperson exams administered dropped 31% from FY 2018-19, while the number of broker exams administered dropped 24%. This percentage should increase ever more in Fiscal Year 2020-2021. There was a 26% drop in issuance of new salesperson licenses in FY 2019-20, compared to FY 2018-19, and a decrease in issuance of new broker licenses of 15%.