Updated: Sep 5
Interested in a real estate career?
Getting a real estate licence these days is no longer a walk in the park!
Find out quickly the 3 steps to take to be a property agent in Singapore!
How much it cost just to take and pass the real estate course and exams?
1. Property Agent Course or otherwise known as the Real Estate Salesperson (RES) course:
Budget between $700-800 for the RES course.
- If you are an NTUC member, you may enjoy up to $250 UTAP subsidy for the RES Course.
- Singaporeans & Permanent Residents can make use of their SkillsFuture credit of up to $500.
2. RES Exams:
$417.30 inclusive GST for 2 papers.
$235.40 inclusive GST per paper for exam re-takers.
Upon passing the exams, you will usually need to pay to register with a licensed estate agency.
Costs of registering as a licensed real estate agent:
Real Estate Salesperson Registration fee: $53.50 + $230 annual CEA fees = $283.50
Professional Indemnity Insurance: $120
Agency admin fees for name cards, ID Tag, Start Up Course and Admin fees: $300-500 range.
What is the Real Estate Salesperson (RES) Course about?
Since 2010, the Council of Estate Agencies (www.cea.gov.sg) has instituted that all property agents need to attend rigorous training and pass the exams to qualify as a housing agent.
The RES course aims to help aspiring agents learn and understand the policies and regulations governing estate agency work and ensure higher levels of proficiency and professionalism in our industry.
The course content is dense and covers a wide spectrum of topics and segments of the market, and quite frankly can be daunting to those who are not academically endowed.
- To be at least 21 years of age
- Singaporean or Permanent Resident
- Minimum of 4 GCE ‘O’ level passes or equivalent (WPLN)
- Fulfils CEA fit and proper criteria
Real Estate Salesperson (RES) Exams
Exams are currently held 3 times a year during Feb, June and October. You would be wise to register at least 2 months in advance as registration closes 1-2 months prior.
Exam Eligibility Criteria:
Exam candidates will need to comply the following:
- Complete the RES course with a minimum 75% attendance record before they are eligible to receive the "Certificate of Completion for RES Course".
$417.30 (inclusive of GST) for 2 papers. $235.40 (inclusive of GST) per paper for retakers.
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 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 timeframe, 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 Providers for the RES Course 2020
There are many training centres and in case you are wondering which RES course provider to go for, this list will be helpful as I have heard good reviews from the new property agents who have joined us.
Different schools also have different schedules to suit busy working adults or parents alike with courses such as weekends only, Saturdays only, specific weekday nights and express classes. Check them out here for a review and comparison.
If you stay near to central areas, BenchMark RealPro and Real Centre Network are the best choices!
If you stay in the west, head to Pioneer Training & Consultancy.
If you are an East sider, head to Singapore Estate Agents Association or Real Centre Network.
BenchMark RealPro Pte Ltd (Highly Recommended! Passionate & awesome trainer David Huan)
Tel: 67355860 / 67355861
Venue: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876.
Institute of Estate Agents
Tel No: 6323 1770
Venue: 480 Lorong 6 Toa Payoh #07-01 HDB Hub East Wing Singapore 310480
Pioneer Training & Consultancy Pte Ltd
Tel No: 6462 6093 / 9424 3483
Venue: Blk 134 Jurong Gateway Road #03-309P Singapore 600134
Real Centre Network Pte Ltd
Tel No: 6511 3009
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
Tel No: 6702 1602 Email: email@example.com
Venue: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051 (Office Lift Lobby 1)
How do i become a property 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 agency to join and whether they are recruiting.
Otherwise, you might wish to attend a real estate recruitment talk to find out more.
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).
Approval of CEA Registration
Within 4-6 weeks, you should receive a notification of CEA's approval.
Congratulations! CEA has confirmed your registration with your estate agency. You are ready to start on an exciting and rewarding real estate career!
Did this article help you? Like, comment below and share the love with your friends who might benefit from this knowledge!
Looking for great real estate career mentorship to shorten your learning curve?
Get a free 30 min new agent career consultation with me. Schedule one here right now.
Drop me a WhatsApp if you would like to start your career with our team or attend our next Career Seminar!
Stuart Chng, Senior Associate Executive Director of OrangeTee & Tie, is a renowned leader and personality in the real estate industry.
He adores music and can play a few instruments decently without upsetting his neighbours. When not doing so, he enjoys pillow fighting with his son and coming up with silly puns which barely amuses his wife.
Professionally, he is a licensed real estate agent, investor, team leader, speaker and columnist for several property newsletters and blogs and is often quoted in media interviews on 938FM, Channel 8, PropertyReport, PropertyGuru and other publications.
Throughout his career, he has helped many clients grow their wealth through selecting great property investments and managing their portfolios actively. Read his clients' reviews here.
- Enjoy 100% RES joining fee subsidies for brand new agents. Limited slots available.
P.P.S. Passed your RES Exams? Find out what steps to take next to quickly reach your goals!
P.P.P.S. Find out which real estate agency to join after passing your exams!