TALLAHASSEE, Fla. – Sept. 12, 2011 – The Florida Department of Business and Professional Regulation (DBPR) reported a substantial drop in new real estate licenses to 10,435 in 2008 from almost 47,000 in 2005.
However, new licenses climbed to 11,800 by last year; and over 8,000 have been issued since the start of 2011.
Both the Miami Association of Realtors and the Realtor Association of Greater Fort Lauderdale report a jump in new licenses, which some attribute to lower home prices that enable real estate agents to relocate to the Sunshine State and restart their businesses here. Professionals who lost jobs in other industries have also shown interest in real estate.
However, DBPR also shows an increase in inactive real estate licenses to 83,338 in 2009-10, up from 72,158 in 2008-09, which might be attributed to agents being unable to recover from the downturn or pursuing other careers until the market rebounds. It could also simply reflect a loss of agents who entered the field during the boom simply to generate some extra cash and locate good deals.
Source: Miami Today (09/08/11) Swary, Anne-Margaret
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
However, new licenses climbed to 11,800 by last year; and over 8,000 have been issued since the start of 2011.
Both the Miami Association of Realtors and the Realtor Association of Greater Fort Lauderdale report a jump in new licenses, which some attribute to lower home prices that enable real estate agents to relocate to the Sunshine State and restart their businesses here. Professionals who lost jobs in other industries have also shown interest in real estate.
However, DBPR also shows an increase in inactive real estate licenses to 83,338 in 2009-10, up from 72,158 in 2008-09, which might be attributed to agents being unable to recover from the downturn or pursuing other careers until the market rebounds. It could also simply reflect a loss of agents who entered the field during the boom simply to generate some extra cash and locate good deals.
Source: Miami Today (09/08/11) Swary, Anne-Margaret
© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688
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