The California Department of Real Estate issued 182 new real estate licenses last week, according to a TRD analysis of agency data.
The new licenses were generally in more populous and urban counties. These include Los Angeles (52 new licensees), Orange (22), San Diego (21), Sacramento (11) and Riverside (9). The department issued no licenses in 33 counties.
Salesperson licenses accounted for the largest share, 66 percent. Salespersons are allowed to handle real estate transactions but cannot own their own company or hire agents to work for them. To receive a salesperson license, one must take three college-level courses on real estate and pass a written examination. This is generally the first license of an agent’s real estate career.
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