[Paul_Heery]

I need to point out that I hold a real estate license in Connecticut. I don't actively practice but have my license to occasionally support my wife's activities. She is a broker and has been involved in Real Estate for quite a while.

Now, some facts about Real Estate licenses in our state:

First, all Real Estate licenses expire annually on the same date for everyone. That day is today, May 31.

There are two things that license holders must do to be able to renew their licenses. These include paying the $225 annual fee and completing 12 hours of continuing education every two years. I point this out to show that the requirements are not onerous.

As of today, there are 18,083 individuals that hold a RE sales license in Connecticut.

We received a notification last night from the Connecticut Association of Realtors (CAR). As of yesterday, the agency in our state that administers licenses for RE (Department of Consumer Protection) had received only 8,100 license renewals. That is roughly only 45% of the total population. Now, I know that some people procrastinate and these won’t be the final numbers, but this is a significant drop off.

I’ve drawn my own conclusions regarding this. However, I’ll hold back on sharing them for the time being.

Discuss.