Here’s a breakdown of new real estate licenses in California last week: TRD Insights

Most licenses were issued to agents and corporations in urban areas

Los Angeles Insights /
Apr.April 23, 2020 09:05 AM

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.

It is followed by broker and officer licenses, which together made up 24 percent of all new licenses issued last week. Broker licenses are the next step after salesperson licenses and require two years of salesperson experience and eight college-level real estate courses. Officer licenses are granted to heads and senior executives of brokerages.

Last week, 48 percent of licenses had no broker affiliation or business address. For salesperson, broker and officer licenses, NBA status means the licensee is not yet affiliated with a registered real estate corporation or broker and cannot list or sell homes. For corporate licenses, it means the corporation has not identified a principal address or provided other essential registration information with the Department of Real Estate.


Related Articles

arrow_forward_ios
(iStock)
SoCal leaders approve ambitious housing plan for future
SoCal leaders approve ambitious housing plan for future
Agent Michael Dalcin (Photos via YouTube/Shoaib Creation's)
LA agent fired after verbally attacking Asian woman
LA agent fired after verbally attacking Asian woman
The Malibu house was designed by Ed Niles. (Coldwell Banker Realty)
Unique Malibu home with futuristic vibes lists for $20M
Unique Malibu home with futuristic vibes lists for $20M
(Google Maps)
Here’s what tenants are paying at Torrance Towne Center mall
Here’s what tenants are paying at Torrance Towne Center mall
 Jade Enterprises’ Director of Development Daniel Taban and 888 South Figueroa Street (Google Maps)
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
Ratkovich Company’s Wayne Ratkovich and the Alhambra at 1000 South Fremont Avenue (Getty, Ratkovich)
Here’s what tenants are paying at Ratkovich and partners’ Alhambra campus
Here’s what tenants are paying at Ratkovich and partners’ Alhambra campus
The lot at 3200 S. La Cienega Boulevard in West Adams. (Google Maps)
Developer files for 254-unit West Adams complex
Developer files for 254-unit West Adams complex
Chad Richison and Il Pelicano (Douglas Elliman)
Malibu’s Il Pelicano estate sells for $30M below original asking
Malibu’s Il Pelicano estate sells for $30M below original asking
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...