30 Jan '12, 8am

CEA to refine Estate Agency Work Regulations: Khaw Boon Wan

SINGAPORE : The number of property agents registered with the Council for Estate Agencies (CEA) has fallen by nearly 11 per cent since new rules kicked in a year ago. As of January 1, there are some 30,600 real estate agents licensed to practice, down from 34,300 last January. There are also fewer property agencies in business - down by 5 per cent to less than 1,500. The estate agency watchdog said property agents who did not continue with their registration were part-timers who opted to focus on their full-time jobs, or had found a full-time job. Giving an update on the 2,700 new agents who joined the industry last year, the council said eight in 10 have tertiary education. Currently, only five in 10 existing agents have tertiary education. Apart from passing a mandatory examination, registered property agents also have to undergo six hours of compulsory professional deve...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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