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 3 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 Agent Course AKA Real Estate Salesperson (RES) course:
Generally in the $700-800 region at the various RES course providers (I'll list the better ones later in this article)
- 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: $300-500 range.
What is the Real Estate Agent 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.
- Must be at least 21 years old
- Singaporean or Permanent Resident
- Minimum of 4 GCE ‘O’ level passes or equivalent (WPLN)
- Fulfils CEA fit and proper criteria
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.
RES EXAM SCHEDULE
Exam Venue 1: Singapore Institute of Management (SIM)
Exam Venue 2: SEAMEO Regional Language Centre (RELC)
[You will be assigned to either Location 1 or 2. It will be stated in the Exam Notification Letter]
CEA will extend the RES course certificate validity period by 1 year for those who have completed their course between 22 February 2018 and 30 April 2020 so as to allow ample time for the sitting of future RES exams.
For further updates, please visit 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".
$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 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.
When are the RES Examination results released?
- The RES Examination results will be released 4 – 6 weeks after the examinations.
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, 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 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. Check them out here for a review and comparison.
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 officially become a real estate agent after passing the RES exams?
Congratulations if you managed to pass your exams! It was no mean feat!
If you are still searching for an agency, read this article to find out which real estate agency suits you best to know what to look out for and how to find the best fit for yourself.
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 would like to attend an OrangeTee Recruitment Seminar or are looking for great real estate career mentorship to shorten your learning curve, drop me a message!
Hear from you soon!
**Enjoy 100% RES joining fee subsidies for brand new agents. Limited slots available.
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.
- Find out which real estate agency to join after passing your exams!
- Passed your RES Exams? Find out what steps to take next to quickly reach your goals!