3 September 2014 - To simplify the excessive number of vocational qualifications, the State Council of China decided to cancel types of professional qualifications for 11 industries. The professional qualification for real estate agents has been placed at the top of the to-be-cancelled list.
Market insiders said that the new regulation will reduce the barrier of entry for those who want to become agents in the region. It is expected that the independent property brokerage business model will become a new trend in the China market.
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