Time for a career shift: Number of registered realtors crash to 3-year low amid weak market

More property agents are leaving the industry.

The number of registered property agents crashed to a three-year low in 2015, data released today by the Council for Estate Agencies (CEA) revealed.

CEA showed that as at 1 January 2015, there are 1,369 licensed estate agents and 30,830 registered salespersons.

The numbered of registered salespersons is the lowest recorded since January 2012, when there were 30,557 property salespersons.

Out of the 30,830 registered salespersons, 3,006 are new entrants to the industry. 3,959 salespersons did not renew their registration.

The number of new entrants is 34% less than the peak in 2013, during which there were 4,567 new entrants.

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