Despite several months of rising home sales prices [the Reno-Sparks median sales price is up 25 percent YTD] the number of licensed brokers and agents throughout the state continues to decline — as agents leave the business voluntarily, or otherwise. According to the most recent data released by the State of Nevada Real Estate Division the number of licensees has hit a new low.
The Real Estate Division has licensee data going back to April 2007. Since that time, statewide, Active licensees has fallen over 31 percent. The number of Inactive licensees (those placing their licenses on ice temporarily) has plummeted more than 52 percent. This indicates more agents are simply calling it quits with no intention to return to the business. Combined, the number of Active and Inactive licensees in the state has fallen more than 35 percent over the past six years.
Countywide (Washoe), Active licensees has dropped over 20 percent since 2007. The number of Inactive licensees has fallen over 57 percent. Combined, the number of Active and Inactive licensees in the County has fallen more than 31 percent.
Source: Nevada Real Estate Division
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