How to be a Real Estate Agent in Singapore?

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How to be a Real Estate Agent in Singapore?

Are you keen on embarking on a real estate career?

Interested to know how you can be a part of this lucrative and exciting industry that has made many of our agents millionaires and multiple property investors themselves?

Find out quickly the steps to take to join Singapore's real estate industry!

How much it cost just to take and pass the real estate licence course and exams?

Before you can attain your licence and ID tag as a property agent, these are the costs you will need to prepare for:

1. Real Estate Salesperson (RES) course:

Generally in the $800 range at the various RES course providers 

- If you’re an NTUC member, you can enjoy up to $250 UTAP subsidy for your RES Course.

- Singaporeans & Permanent Residents can utilise SkillsFuture credit of up to $500.

2. RES Exams:

$417.30 (inclusive GST) for 2 papers.

$235.40 (inclusive GST) per paper for re-takers.

After passing the exams, you would normally need to pay to register with a licensed estate agency. At times, there are joining promotions for new agents but do not be lured by that alone, as freebies cannot beat having a good RES mentor.

Usual Costs to expect:

Real Estate Salesperson Registration fee: $53.50 + $230 annual CEA fees = $283.50

Professional Indemnity Insurance: $120

Agency levied admin fees for name cards/ID Tag/Start Up Course/Admin fees: $100-500 range.

What is the Real Estate Salesperson Course about?

Implemented in 2010, real estate agents must first complete the RES Course from CEA approved course providers.

This course will help you learn about and understand the rules and regulations governing property agency work and practices and Singapore's laws and guidelines in the buying, selling and renting of HDB flats, private apartments and condominiums, commercial business spaces and industrial properties.

RES courses cover so many different areas that even practicing real estate agents of more than a decade are unable to fully remember all the material.

Requirements:

- Must be at least 21 years old

- Singaporean or Permanent Resident

- Minimum of 4 GCE ‘O’ level passes or equivalent (WPLN)

- Fulfills CEA fit and proper criteria

Topics:

 

Property Agent RES Exam Topics

RES Exam Topics

Real Estate Salesperson (RES) Exams

After completing the RES Course, you may register for the RES exam at SEAMEO Regional Language Centre (RELC), and must pass the 2 RES exam papers.
 

Due to Covid-19, there are changes to the examinations schedule. Do check out more info here:

 

https://www.relc.org.sg/professional-qualifications/skills/cea-res

 

Exam Eligibility Criteria:

Exam candidates will need to comply the following:

- Complete the RES course with a minimum 75% attendance record before you are eligible to receive the "Certificate of Completion for RES Course".

Exam Fees:

$417.30 (inclusive of GST) for 2 papers.

$235.40 (inclusive of GST) per paper for retakers.

Exam Format:

2 papers each (2 ½ hours per paper)

Both Papers 1 & 2: - Section A: 50 Multiple Choice Questions (MCQs) - 1 mark each - Section B: 15 MCQ with reference to 1 or 2 Case Studies – 2 marks each - Section C: 10 Fill in the Blank Short Answer Questions (SAQs) - 2 marks each

Exam Results:

- Exam Administrator will notify you of your results.

- RES course participants will have to pass the RES examination within 2 years from the date of issue of the Certificate of Completion of RES Course. 

- If you are unable to pass any remaining Papers within the 2-year time frame, you will have to retake the RES course and sit for the full RES examination again i.e. both Papers 1 and 2.

 

Appeal of RES Exam Results

If you think that you should have passed the exams, you may submit an appeal to review your exam paper via SEAMEO Regional Language Centre (RELC), CEA's appointed examination administrator, within 5 working days from the date of the notification of examination results.

A non-refundable fee of $64.20 (inclusive of GST) is charged for the review of each examination paper.

 

Important Note for Aspiring Property Agents and Foreigners:

Attending the RES Course and passing the RES Examination does not automatically qualify you to be a real estate agent.

The applicant has to comply with the full registration requirements stipulated under the Estate Agents Act, which include meeting the fit & proper criteria.

Please check the complete list of registration criteria on CEA’s website before registering for the RES Course.

For foreigners who wish to register with CEA as salespersons, they will need to have a valid Employment Pass (EP) issued by the Ministry of Manpower (MOM).

They should consult an estate agency that is prepared to support their future registration application, who would then check with CEA.

Thereafter, when they register for the RES Course, they will need to produce a letter of sponsorship from the real estate agency.

 

List of Recommended CEA Approved Course Vendors for the Real Estate Agent Course 2021

There are many training centres and in case you are wondering which one to go for, this list will be helpful as I have heard good reviews from the new property agents who have joined us.

If you stay near to central areas  Real Centre Network and Institute of Estate Agents  are the best choices!

 

Which RES course is the best?

If you stay in the west, head to Pioneer Training & Consultancy.

If you are an East sider, head to Real Centre Network or Singapore Estate Agents Association.

Each real estate school has different RES course schedules to suit busy working adults or parents alike with courses such as weekends only, Saturdays only, specific weekday nights and express classes.

Details here:

Institute of Estate Agents 

Website: www.iea.sg

Tel No: 6323 1770

Email: courses@iea.sg

Venue: 480 Lorong 6 Toa Payoh #07-01 HDB Hub East Wing Singapore 310480

Pioneer Training & Consultancy Pte Ltd 

Website: www.pioneertraining.org

Tel No: 6462 6093 / 9424 3483

Email: pioneertc@gmail.com 

Venue: Blk 134 Jurong Gateway Road #03-309P Singapore 600134

Real Centre Network Pte Ltd 

Website: www.realcentrenetwork.com

Tel No: 6511 3009

Email: info@realcentrenetwork.com

Venue: 490 Lorong 6 Toa Payoh #09-16 HDB Hub Biz 3 Singapore 310490 

*Update: RCN now has branches in Tampines and Jurong too.

 

Singapore Estate Agents Association

Website: www.seaa.org.sg

Tel No: 6702 1602 Email: edu@seaa.org.sg

Venue: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051 (Office Lift Lobby 1) 

 

How do i officially become a real estate agent after passing the RES exams?

Congratulations if you managed to pass your exams! It was no mean feat!

By now you might have done your research on which property agency to join or have attended some recruitment talks.

Otherwise, the top 4 real estate agencies at the moment are ERA, Propnex, OrangeTee & Tie, and Huttons.

Finally, this is what you need to do:

Submitting a Salesperson Registration

Get an application form from your real estate agency and submit your salesperson application to CEA for the ‘In-Principle Approval‘ (IPA).

CEA Registration Approval

Within 4-6 weeks, you should receive a notification of CEA's approval.

Congratulations! Once, CEA has confirmed your registration with your property agency, you are ready to kick off your real estate career!

Need a free 30 min new agent career consultation? Schedule one right now.

If you are looking for great real estate career mentorship to shorten your learning curve, drop me a message!

Hear from you soon!

 

Do you need more details?

Drop me a message. I will get back to you as soon as possible!