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Real estate and mortgage industry has always been an important part of California’s economy, which is reflected in the large number of Brokers and Salespersons licensed in the state. The number of licensees has closely kept pace with the general economic cycle and in particular with the trends in real estate industry. This is evident from the high growth in the licensees during the real estate boom of 2003 to 2007 and the steady decline in the licensees since then.
California Bureau of Real Estate (BRE) publishes the data on examinees and licenses on its CA BRE Licensee and Examinee Statistics webpage. We can use this data as an indicator for the overall trends in mortgage activity and the key trends from the BRE data are presented in the table below. One key limitation in using this data is to recognize that licenses issued by BRE allow for both real estate and mortgage activities and it may be difficult to precisely determine the extent to which a licensee is dedicated to mortgage activity.
Updated: Jun 30, 2017