Woods hopes to "simplify his life" by selling "his many real estate holdings on both coasts", Gammons revealed in a news release and subsequent comments to the Providence Journal newspaper.
The 70-year-old Woods says his real estate agent, Allen Gammons, had read him a draft of the release but he "didn't hear retirement".
Woods took to social media on Sunday to address the rumors with a Mark Twain tribute about the hoax that he was mistakenly reported dead.
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Woods has been open about his political views over the years, and it has been reported that his own personal beliefs has made it hard for him to be cast in acting jobs and for other projects in Hollywood. However, Gammons said Woods' decision to retire was not political.
There's been no formal announcement of retirement on his Twitter feed where his fans have grown to love his candor and wit. Actress Amber Tamblyn then publicly accused Woods of trying to pick her up when she was 16, however Woods has denied these allegations. Tamblyn also published an op-ed piece in the New York Times in which she references the incident.
Woods has recently come under fire and made headlines for his criticism of the age gap between the romantic leads in the upcoming film "Call Me by Your Name".