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@ExTreMisTxxx

🏠 From Jan. 1, 2027, property agents in S’pore must complete at least 3 transactions within their 3-year registration period or pass a Refresher Examination to renew their registration.   All property agency licences & agent registrations will also be valid for 3 years.   ➡️ https://bit.ly/4x5d0XY   Follow us @mothershipsg Full Details of New CEA Property Industry Rules (Effective Jan 1, 2027)       📅 Key Timeline   All changes take effect 1 January 2027, announced by CEA and MND on 28 July 2026.       1. Extended Validity Periods   - Current: Agency licences & agent registrations are valid for 1 year - New: Extended to 3 years - First 3-year cycle: 1 Jan 2027 – 31 Dec 2029 - New licensees/registrants: Validity starts from issue date, expires 31 Dec of the 3rd year - Fees: Still charged annually, no large lump-sum payment every 3 years; only pay renewal application fee once every 3 years       2. New Currency Requirement (CR) for Agents   To renew registration for another 3 years, agents must meet either condition: ✅ Complete at least 3 qualifying transactions over the 3-year period; OR ✅ Pass the official Refresher Examination   Recognised Transactions   Includes:   - HDB resale & rental - Private residential sale, resale & rental - Commercial / industrial sale, resale & rental - Foreign property sale - En bloc transactions   Refresher Exam Details   - Focuses on practical, up-to-date industry knowledge - Details to be released by 1st half of 2029 - Agents who do not hit 3 transactions are guaranteed an exam seat   Exemptions & Waivers   - New agents: No requirement in the 1st year; only need 2 transactions in the remaining 2 years, or pass the exam - Waivers available case-by-case for extenuating circumstances (e.g. serious illness) - Non-practising management staff do not need registration, hence are exempt       3. Existing Requirements Remain   - Annual CPD: Still need to complete 16 training hours per year (effective since 1 Jan 2026) - The new CR complements, not replaces, the CPD rule       4. Transparency & Data Measures   - Commission data collection: CEA will collect monthly commission data from agencies starting 1 Jan 2027; only aggregated, anonymised industry figures will be published later (no individual data) - Listing verification platform: Full launch in 2027 to fight fake/duplicate/unauthorised property listings       5. Measures Under Study   - Publish consumer ratings of agents on the CEA Public Register - Mandate signed Estate Agency Agreements and commission disclosure before work starts - Make HDB Resale Flat Listing the default platform for HDB resales; allow direct owner listings on portals - Survey agents on agency support practices       Background   - As of 1 Jul 2026: 38,162 registered agents, 1,018 licensed agencies in Singapore - 75% of consumers expect agents to do at least 1 transaction per year; ~40% of agents currently do not meet this expectation - Median 2 residential transactions per agent annually (2023–2025 data)  

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