Call Us800-547-6020
Open 7 Days a Week
Like us on FacebookFollow us on InstagramCircle us on Google+Connect with us on LinkedInFollow us on TwitterSubcribe to Our YouTube Channel Subcribe to Our Blog RSS Feed
Home » Blog » News » As the NYC Real Estate Market Strengthens, So Does the Number of Agents and Brokers

As the NYC Real Estate Market Strengthens, So Does the Number of Agents and Brokers

In 2012, NYDOS granted over 4,000 new salesperson and broker licenses—reaching an all-time high since the housing bust.

There is no doubt that the NYC real estate industry has flourished throughout these tough times in the job market, persuading people to consider a career change. As most careers continue to stagnate, a rising number of individuals are taking advantage of the vigorous sales and rental market, by obtaining their NYC real estate licenses.

According to the New York Department of State, as of late November, the total number of licensed salespersons and brokers peaked 27,000—a 5.5% increase from the same time last year. Of that figure, 14,666 were licensed salespersons in New York City— an 8.4% increase, reaching record heights since the housing crash in 2007.

Since the return of real estate agents in 2010 and 2011, reports have indicated that the numbers have stayed strong since. From January to November of 2012, a staggering 3,366 new salesperson licenses were granted by the state, signifying an 18.9% year-to-year increase. During that 11-month timeframe, the state granted 1,050 new broker licenses—an overall 8.6% increase.

Apart from the new licensees, existing agents have continued to linger around the market. Between January and November of 2012, 4,773 salespersons renewed their licenses—a 16% increase from the year prior to that, while 4,943 brokers renewed, up10.2% from the year before.

Luckily, the influx of new agents doesn’t indicate increased competition—new construction is continuously being built and branched out toward outer boroughs, providing ample opportunity for all.

Become part of the ever-growing industry

For 2013, REEDC will be offering brand new courses at promotional rates. Click here to register for a class today.

2017-04-04T02:39:48+00:00 By |Categories: News, Real Estate Learning|Tags: , , |Comments Off on As the NYC Real Estate Market Strengthens, So Does the Number of Agents and Brokers