“My point in posting about the all-too-easy, quasi-academic requirements in order to sit for the CA agent or broker exam was to illustrate the low caliber of the CA state requirements. IMO this lack of standards has contributed in no small way to the current situation.”

Real Estate agents are really small fish in all of this. I also don’t believe for a minute that the decision to retreat from selling unqualified people houses or putting them in obviously stupid loans correlated to the degree that licensees are educated academically.