70% of 2030 Cheong Youth Brokers Delay Opening Businesses Despite Obtaining Licenses

[Asia Economy Reporter Minyoung Kim] Seven out of ten young people are delaying opening their own real estate offices despite obtaining a certified real estate agent license.

According to Proptech company Zigbang on the 23rd, a survey conducted among 100 students aged 20 to 39 at the Zigbang-operated Youth Real Estate Agent School revealed that about 77% of respondents are not opening real estate offices in order to gain more industry experience.

Among the respondents, 92.1% obtained their license within the last five years, and among them, 51.5% acquired their license just last year.

The most common reason given by these young real estate agents for not opening their own offices after obtaining the license was "to gain more industry experience," accounting for 77.2%. This was followed by answers such as "need for stable income" (29.7%) and "lack of knowledge about requirements for opening an office" (27.7%). Only slightly over 9% of respondents said they had experience opening an office after obtaining the license.

The main reason young real estate agents hesitate to open their own offices was cited as "lack of expertise" (60.4%). Concerns about unstable income were also high at 43.6%, but when including difficulties in building sales networks or securing listings, it appears that young agents’ biggest concerns are gaining practical industry experience and strengthening personal capabilities.

Zigbang has launched the "Youth Real Estate Agent School" to help young agents, who often face difficulties entering the market after obtaining their certified real estate agent license, gain comprehensive experience from basic theory education and consulting to practical brokerage work using digital tools.

During the two-month training course, a monthly education incentive of 2 million KRW is provided, and in the subsequent 12-month post-startup practical career course, support funds are offered to help participants enter the field stably.

Among the applicants in their 20s and 30s who applied to the Youth Real Estate Agent School, over 80% have no experience or less than one year of experience in brokerage, while only 5.7% have more than three years of brokerage experience.

A representative of the Youth Real Estate Agent School stated, "Although the number of young people in their 20s and 30s entering the real estate brokerage market is increasing, there is no systematic education system to develop their expertise. Our goal is to help strengthen certified real estate agents’ capabilities centered on Zigbang’s proptech technology, thereby supporting stable market entry and accelerating the advancement of the real estate market."

This content was produced with the assistance of AI translation services.