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Questioning the Three-Transaction Rule: Risks for Small Agents and Flexibility

Published July 28, 2026 at 8:02 AM UTC

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The new rule requiring agents to complete three transactions in three years for licence renewal may seem reasonable, but it raises practical concerns for many agents, especially those who work part-time or are just starting out. Not all property transactions are frequent or predictable; market downturns or personal circumstances can easily prevent an agent from reaching the threshold. Forcing them to take a refresher exam adds extra cost and stress. Critics also point out that the rule could push small, independent agents out of the market, reducing competition and consumer choice. Instead of a rigid minimum, a more flexible system—such as considering other professional development or service indicators—might better serve both the industry and the public. The CEA should ensure the policy does not inadvertently hurt the diversity of agent services available to Singaporeans.