Tag Archives: Estate Agents

2018 Licensing and registration exercise for property agencies and agents

The Council for Estate Agencies (CEA) has issued a media release today on the 2018 licensing and registration exercise for property agencies and agents.

As at 1 January 2018, there were 1,269 licensed property agencies and 28,571 registered property agents.

The number of licensed property agencies and registered property agents as at 1 January over the last three years is shown below:

As at

1 Jan 2016

As at

1 Jan 2017

As at
1 Jan 2018
Number of property agents 29,262 28,397 28,571
Number of property agencies 1,369 1,286 1,269

The Council for Estate Agencies (CEA) issued 66 new property agency licences and 1,344 new property agent registrations throughout 2017. A total of 44 property agency licences and 2,028 property agent registrations lapsed after 31 December 2017.

Size of property agencies by number of agents as at 1 Jan 2018

Size of property agency

Number of property agencies

>500 agents

7

51-500 agents

18

31-50 agents

14

11-30 agents

64

1-10 agents

1,166

 

10 largest property agencies by size, as at 1 Jan 2018

Property agency

Number of property agents

PropNex Realty Pte Ltd

6,684

ERA Realty Network Pte Ltd

5,882

OrangeTee & Tie Pte Ltd

3,898

Huttons Asia Pte Ltd

3,207

KF Property Network Pte Ltd

689

SLP Scotia Pte Ltd

585

Savills Residential Pte Ltd

543

Global Alliance Property Pte Ltd

457

HSR International Realtors Pte Ltd

377

C & H Properties Pte Ltd

328

Source : CEA

Advertisements

Update on licensing and Registration exercise for Estate Agents and Salespersons

As at 1 January 2016, the Council for Estate Agencies (CEA) has licensed 1,369 estate agents and registered 29,262 salespersons. A total of 104 estate agents and 3,573 salespersons left the industry. In the past year, there were 1,299 new salespersons who joined the industry. This is a decrease from the 3,006 new salespersons in 2014.

The number of licensed estate agents and registered salespersons as at 1 January over the last three years is shown in Table 1.

As at
1 Jan 2014

As at
1 Jan 2015

As at
1 Jan 2016

Number of salespersons

31,783

30,830

29,262

Number of estate agents

1,425

1,369

1,369

The number of new salespersons into the industry over the last three years is show in Table 2.

1 Jan – 31 Dec 2013

1 Jan – 31 Dec 2014

1 Jan – 31 Dec 2015

Number of new salespersons

3,336

3,006

1,299

Commenting on the overall decrease in the number of registered salespersons, Mr Heng Whoo Kiat, Director, Policy & Licensing, CEA, said, “This could be a reflection of the property market sentiments.” He added that salespersons are also probably mindful of the cost of being in the industry. Under CEA’s regulatory framework, salespersons are obliged to commit time and resources to meet the continuing professional development requirements for annual renewal of their registration. As for new entrants to the industry, they have to complete a course and pass a qualification examination.