TALLAHASSEE, Fla. – Dec. 10, 2013 – The Florida Division of Real Estate reports that in excess of 42,000 people have taken the real estate licensee test this year – almost double the number in 2009, 2010 and 2011. And about 16,000 of them obtained sales associate licenses, which is the highest level since the housing bubble peaked eight years ago.
“They’re inspired by the fact that investors are buying homes and paying cash,” says Bob Hogue, founder of a real estate school in St. Petersburg. “They think there must be something going on; there must be some opportunities here.”
Despite the gains, the number of people who failed the test tops the number of people who passed it in 2011 and 2012, with the pass rate tumbling six percentage points to 37 percent.
Changes to the state’s standardized exam are blamed for the lower pass rates. According to instructors, some students are agents who gave up their licenses after the market crashed and are taking advantage of the market’s rebound, while others are newcomers who lost jobs in other fields.
Source: Tampa Bay Times (12/06/13) Harwell, Drew
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