Fewer property agents joining industry, more leaving

SINGAPORE - Amid a cooling property market, fewer property agents are entering the industry and more are letting their licences lapse, according to figures from the Council for Estate Agencies.

The licences of property agencies and salespersons' registrations are renewed annually.

As at Jan 1, after the latest renewal exercise, there were 30,830 "registered salespersons" or property agents, down from 31,783 the year before.

Of these, 3,006 were new entrants, down from 3,336 in 2014 and 4,567 in 2013.

More had also left the industry, with 3,959 choosing not to renew their registration this year, compared to 3,382 who left last year.

However, the pool of property agents is still larger than it was in 2012. That year, there were 30,577, including only 2,733 new entrants.

The number of licensed estate agencies also fell this year to 1,369, from 1,425 the year before.