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Real Estate Market and Licensing Disconnect

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Managing Real Estate Broker with San Diego Previews Real Estate CA BRE# 01101958

Consider these anecdotal phenomena and try to figure the rationale:

I just received a call from a prospective agent who sat this morning for his California real estate exam. The testing was done at the San Diego Convention Center and there were approximately 400 people sitting for the licensing exam.

It appears a flood of new agents are entering the market when sales are off 25 percent, and many agents are playing musical chairs by switching firms (thinking that will make a difference?). It was a puzzle to me.

I called the Department of Real Estate in San Diego, and was told that testing sites are still full, but backlog has been cut from an 8-week wait to 4 weeks.

Funny, but I would have expected a stronger decline in licensing.....

 

 

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Susan Milner
Florida Future Realty, Inc. - Cape Coral, FL
Cape Coral Real Estate Broker, FloridaFutureAgents

Thats interesting. I've heard that the real estate schools here are much slower this year & I know that we've lost about 20-30% of our agents from last year to now.

Maybe they feel like the market is ready to turn so they want to be ready when it does in your area?

Sep 13, 2006 08:06 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude
One wonders where these people are coming from and why they feel this is a good time to enter the business. Perhaps they are being downsized from other companies? Sick and tired of the corporate world? With the somewhat limited pool of buyers (at least buyers who are in buying mode at the moment) and the already huge number of agents in the area, one wonders about the motivation. Are the real estate school advertising more because their business is down and they need recruits? TDo new agents think perhaps more senior agents will drop out with the changing market? The media certainly isn't indicating that this is a great time to be in the market. What is the appeal?
Sep 13, 2006 02:01 PM
Roberta Murphy
San Diego Previews Real Estate - Carlsbad, CA
Carlsbad Real Estate and Homes

Many are probably among those who will complain about being a dollar short and a day late . Others will stukmble into the field with a sense of determination and drive--and will come out on top.

Who knows what lies in their hearts....

Sep 14, 2006 04:21 PM
Gena Riede
Riede Real Estate, Lic. 01310792 - Sacramento, CA
Real Estate Broker - Sacramento CA Real Estate (916) 417-2699
monkey faceNot too bright...I can't imagine anyone getting into real estate right now. If I remember correctly, it took me about 3 years to actually start making money and pay off all the money that I spent just getting into the business. Someone is feeding these folks a line and they obviously believe it! They are in for the shock of their lives. Hope they don't give up their day jobs!
Sep 15, 2006 05:39 AM
Mike Murphy
Windermere Exclusive Properties - Encinitas, CA
Oh well, at least the licensing schools are making money!
Sep 15, 2006 03:55 PM
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