Real Estate Institute of Australia president David Airey estimates that the number of agents in the industry has dropped from 60,000 to 50,000 in last year.
Or just getting kicked out . . .
Masters of the universe come crashing back to Earth
The eastern suburbs agents have been disqualified from running a real estate business for 15 and 12 years, respectively.
Their estate agent licences were cancelled after an investigation into the company's activities found irregularities in managing trust funds for clients and strata corporations.