CA: Crowded Industry?
Can you guess how many licensed real estate agents there are in California? According to the California Department of Real Estate approximately 500,000. That is roughly one real estate licensee for every 52 adults.
To keep up with demand, the California Department of Real Estate has had to conduct numerous “mega-exams” in which thousands of applicants took the real estate license examination, and to increase the services offered through their online licensing system. Another negative consequence has been the need for additional consumer protection efforts.
One example is a centralized Internet location where consumers can go to verify licensing information for the Department of Real Estate, Department of Corporations, Department of Financial Institutions and the Office of Real Estate Appraisers.