Fewer becoming property agents amid sluggish market

Faced with a sluggish property market, fewer people are getting themselves licensed as real estate agents and more are leaving the industry, according to figures from the Council for Estate Agencies (CEA).

As at Jan 1, there were 30,830 real estate salespersons, or agents, down from 31,783 the year before. Of the total, 3,006 were new entrants to the industry, down from 3,336 in the previous year.

More were also leaving the industry, with 3,959 agents choosing not to renew their license this year, compared with 3,382 the previous year.

A total of 1,369 real estate agencies were registered as of Jan 1, down from 1,425 the year before, according to the CEA.

Source : Channel NewsAsia – 22 Jan 2015

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