The Nevada Real Estate Division releases (roughly) quarterly stats showing the number of licensed (both active and inactive) real estate practitioners in the state. These numbers are broken out by county and type of license (i.e. broker, sales person, etc). To see all the numbers click here: Nevada Real Estate Division
The latest statistics are current through September. And not surprisingly the number of licensed agents continues to decline – both at the state and county level.
In Washoe County, for example, September’s stats showed a more than a 10% reduction in the number of Active licensed agents since the beginning of the year. In real numbers, September’s decrease of 313 agents since January equates to one agent a day leaving the business.
Statewide the decrease in the number of active licensed agents has been a bit more than 13%.
With the monthly MLS fees and lockbox key fees increasing January 1st ($60/month), as well as the annual Realtor membership dues ($530) due by February, expect to see a large number of agents electing not to renew their licenses for 2009. I have heard estimates around the office of a 20% decrease in the number of licensed agents after January.
Source: Nevada Real Estate Division – December 2008