Estate agents flee market

The number of registered real estate agents has dropped to less than 47000 from close to 80000 a year ago. The Estate Agency Affairs Board said yesterday some agents had opted not to renew their annual membership fearing they might not make it under the current property market slow down. The regulatory body said licensed membership had dropped from 76470 in 2007 to 46335. - Xolile Bhengu

The number of registered real estate agents has dropped to less than 47000 from close to 80000 a year ago. The Estate Agency Affairs Board said yesterday some agents had opted not to renew their annual membership fearing they might not make it under the current property market slow down. The regulatory body said licensed membership had dropped from 76470 in 2007 to 46335. - Xolile Bhengu

X