Singapore property firms dangle cash incentives to lure agents to jump ship amid hot market

File photo of people at a showflat on June 20, 2020. Most agents are associates and not employees of property agencies.
File photo of people at a showflat on June 20, 2020. Most agents are associates and not employees of property agencies.ST PHOTO: JOEL CHAN

SINGAPORE - The hot property market has sparked a recruitment war between real estate agencies, with all manner of inducements rolled out to entice agents to jump ship.

Agencies are offering hefty cash incentives for agents to sign on with them, as well as training and technology subsidies, and penalty support schemes to reimburse agents who incur fees for changing firms.

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