{"id":28769,"date":"2016-10-06T10:15:55","date_gmt":"2016-10-06T03:15:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-people-becoming-property-agents-cea-report\/"},"modified":"2016-10-06T10:20:34","modified_gmt":"2016-10-06T03:20:34","slug":"fewer-people-becoming-property-agents-cea-report","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-people-becoming-property-agents-cea-report\/","title":{"rendered":"Fewer people becoming property agents: CEA report"},"content":{"rendered":"


\nThe number of property agents in Singapore fell by 1,583 in the year to March 2016, said the CEA in its latest report.
\nThe number of licensed real estate agents in Singapore fell to 30,423 in the year to March 2016 from 32,006 over the same period last year, revealed the Council for Estate Agencies (CEA).
\nThere are also fewer agents joining the industry, with new registrations granted by the CEA dropping to 1,307 from 1,654 previously.
\nNonetheless, the number of agents who did not renew their licenses dipped to 2,890 in March from 3,146 a year ago.
\nThe CEA attributed the non-renewal of registrations to various reasons, including some agents taking a hiatus, while others left the industry.
\nThe report also pointed out the declining number of licensed real estate agencies, which fell from 1,422 in March 2015 to 1,372 in March this year.
\nThis comes as the CEA granted only 58 new licenses during the period, while 108 licenses were not renewed.
\nThe industry body attributed the non-renewal of licences to several factors, such as some firms closing shop, merging with other agencies, or handling other types of work like property management.
\nMeanwhile, the CEA revealed that there has been a steady decline in customer complaints on a per 1,000 transactions basis.
\n\u201cIn terms of per 1,000 transactions, there is a steady decline in the number of complaints over the years \u2013 from around 15 six years ago to about five in FY2014\/15, and about 4.5 in FY2015\/16,\u201d it said.
\nThe absolute number of complaints, however, increased to 780 from 702 in 2015.
\nThe CEA explained that the increase in complaints \u201cshould be viewed in the context that there was an increase in the overall number of property transactions during the year in review\u201d.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Fewer people becoming property agents: CEA report<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The number of property agents in Singapore fell by 1,583 in the year to March...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-28769","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-7u1","jetpack-related-posts":[{"id":40293,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fewer-property-agents-agencies-in-2017\/","url_meta":{"origin":28769,"position":0},"title":"Fewer property agents, agencies in 2017","date":"January 11, 2017","format":false,"excerpt":"\r Poor market sentiment has contributed to a drop in the number of registered property agents in Singapore. (Photo: CEA) There has been a continuous drop in the number of licensed real estate agencies and registered agents in Singapore, as more agencies and agents exit the industry amidst a housing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/01\/Licensed-agents-and-agencies-in-Singapore-1024x314.jpg?fit=1024%2C314&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":75763,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/slight-rise-in-number-of-property-agents-this-year\/","url_meta":{"origin":28769,"position":1},"title":"Slight rise in number of property agents this year","date":"January 4, 2018","format":false,"excerpt":"\r There are now 28,571 registered property agents in Singapore. The number of registered property agents in Singapore rose slightly to 28,571 as at 1 January 2018, up from 28,397 during the same period last year, according to data released by the Council for Estate Agencies (CEA) on Thursday (4\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/01\/10-largest-property-agencies.jpg?fit=677%2C641&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":85882,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/man-fined-71500-for-unregistered-estate-agency-work\/","url_meta":{"origin":28769,"position":2},"title":"Man fined $71,500 for unregistered estate agency work","date":"April 19, 2018","format":false,"excerpt":"\r Under CEA rules, it is an offence for someone to act as an agent in any property transaction if they are not registered or licensed. (Photo: CEA) A 36-year-old man was fined $71,500 on Wednesday (18 Apr) after pleading guilty to eight charges of posing as a property agent\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":102738,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/record-of-agents-past-hdb-resale-transactions-now-available-online\/","url_meta":{"origin":28769,"position":3},"title":"Record of agents\u2019 past HDB resale transactions now available online","date":"January 7, 2019","format":false,"excerpt":"\r The data shows the track record of agents and how active they are in transacting HDB flats. Those keen to buy or sell HDB flats can now check the track record of their property agent online, after the Council for Estate Agencies (CEA) launched the first phase of the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":38827,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-company-director-fined-215000-for-unlicensed-work\/","url_meta":{"origin":28769,"position":4},"title":"Property company, director fined $215,000 for unlicensed work","date":"December 22, 2016","format":false,"excerpt":"\r This is the largest fine handed down by the court for this offence. A property management company and its sole director have been fined a total of $215,000 for conducting unlicensed estate agency work, the largest fine ever meted out by the court for this offence, the Council for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":121837,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-agents-complete-record-of-residential-property-transactions-now-available-online\/","url_meta":{"origin":28769,"position":5},"title":"Property agents\u2019 complete record of residential property transactions now available online","date":"September 6, 2021","format":false,"excerpt":"\r The public can view the records of all property agents\u2019 transactions on the CEA\u2019s public register. Consumers can now view the complete record of all residential property transactions facilitated by property agents within the last 24 months. These records, which come under the Property Agents\u2019 Transaction Records Initiative, may\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/09\/Property-agents-resized.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28769"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=28769"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/28769\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=28769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=28769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=28769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}