Exam Administrations:
In the fiscal year 2022-23, the Department of Real Estate (DRE) oversaw a total of 44,183 salespersons exams, marking a significant decline from the 63,069 exams conducted in the previous fiscal year (2021-22) and an 11 percent increase from the 39,649 exams administered in FY 2020-21.
Furthermore, during the same period (FY 2022-23), the DRE conducted 3,360 broker exams, indicating a notable reduction from the 4,699 broker exams in FY 2021-22 and a 13 percent decrease from the 3,861 broker exams conducted in FY 2020-21.
The provided chart offers a comprehensive comparison of the number of exams administered over the past three fiscal years, highlighting the fluctuations in salespersons and broker exams during this period.
The next chart refects a 25 percent decrease in the issuance of new salesperson licenses and a 20 percent decrease in the issuance of new broker licenses in FY 2022-23, as compared to the prior FY, and a 5 percent increase, and a 4 percent decrease when compared to FY 2020-21.
License Population:
At the end of FY 2022-23, DRE’s license population was 434,401, which included 308,621 salespersons, and 125,780 brokers. Te total DRE license population was down just 866 licensees when compared to the prior FY.
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