Agent taking out female player (5)
I believe the answer is:
actor
'player' is the definition.
(I've seen this before)
'agent taking out female' is the wordplay.
'agent' becomes 'factor' (business term for a representative).
'taking out' is a deletion indicator.
'female' becomes 'f' (abbreviation).
'factor' with 'f' taken away is 'ACTOR'.
(Other definitions for actor that I've seen before include "Player - performer" , "Theatrical performer" , "Theatrical player" , "Thesp" , "Films/stage worker" .)