Real Estate Agent Bubble Still Growing

From the Sacramento Business Journal:

Nearly 500,000 people hold real estate licenses in California -- the most ever -- the California Department of Real Estate reported Tuesday. That equates to one real estate licensee for every 52 adults. In 2005, the number of real estate licensees soared to a record of more than 476,000, up 14 percent from the previous year and a 57 percent increase over five years ago. As of April, the trend continued with the number of licensees climbing to 495,000.