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California Real Estate Association President John Molloy says he is optimistic about the state’s prospects for re-establishing itself as a top real estate market in the nation.
The association recently received $25 million in state aid to help build up its market in Riverside County, and the $100 million package will likely continue to be extended, Mollow said at the association’s monthly meeting.
“Our goal is to see California regain its position as the leading state for real estate in the country,” Mollot said.
Molloys hopes to be able to tap into the growing number of Californians who want to be involved in the real estate industry, which he believes is “very important” to the state.
“It’s important that people know that we have a very good program here, and we do our best to provide a good quality of life to everybody here,” Molls said.
He expects to have about 150 new applicants for a state real estate licensing program in 2020.
“The big question is whether California can maintain its leadership in the marketplace and its role as a leader in the economic development of the state,” Molla said.
“And I think that will be very important for the state.”
California currently has the most robust state licensing program, with more than 1,600 licenses.
“I think the market is strong in the state, and I think the marketplace is growing, and that will make us a leader, Molla added.
The state has the highest rate of applications in the United States for real-estate licenses, at a rate of more than 30,000 applications per month, Molls noted.
That’s up from fewer than 20,000 per month in the early 1990s.
Real estate agents are working to make sure the state will continue to have a strong, strong market for the industry, Moller said.
The California Department of Real Estate is working on a $200 million incentive program that would help boost the number of real estate professionals.
“So I think there’s a lot of potential to be successful here in the future.” “
That will also help us keep up with the pace of real-life transactions,” Moller added.
“So I think there’s a lot of potential to be successful here in the future.”
The Real Estate Institute of America, which represents the industry’s largest real estate brokers, has also expressed optimism about the prospects for California’s market.
“We are seeing some good signs,” said RIAA President Tom Breslow.
“There’s some good momentum in the market, but there’s also a lot that needs to be worked out.
California is the first state in the U.S. to introduce a real-property licensing program for homebuyers, according to a study from the National Association of Realtors, which analyzed the state in 2014. “
California’s got a really strong and thriving real estate sector,” Breslo said.
California is the first state in the U.S. to introduce a real-property licensing program for homebuyers, according to a study from the National Association of Realtors, which analyzed the state in 2014.
The group ranked California in fourth place in terms, with home-value per capita in 2015.
Molls predicts the state can make significant progress, but he says the market must be more dynamic.
“People will always have to be willing to look at the opportunities and adapt to them,” Mollo said.
If a person wants to live in Riverside or Rancho Cucamonga, or even just buy a house, Mollo suggested that he or she should consider California because it’s a “fantastic” location.
“You have a big swath of land and a lot to offer,” Melli said.