Half of real-estate hopefuls fail
Nearly half the candidates seeking to become licensed estate agents have failed to pass a third qualifying examination.
The Estate Agents Authority said 2,757 people passed the third estate-agent examination held last month, a pass rate of 53.9 per cent.
Another 401 candidates passed the salesman examination, which was 73.7 per cent of those who sat the test.
Qualified salesmen can practice as employed agents but cannot set up their own agencies.
The examinations are part of the Government's efforts to licence the industry. Practising agents, who now operate under conditional licences, are required to pass the test by the end of 2001.
The authority said 1,022 candidates who passed last month's examinations had not yet applied for licences, reflecting the downturn in the sector.
The next examinations will be held on March 14.