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How to be a Real Estate Agent in Singapore (2020)

Updated: Mar 27

Hello there!


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!


Read on to find out the steps required to be a real estate agent in Singapore today.


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. Requirements:- 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


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.


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 Dates Schedule 2020


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.



NAVIS - The Greatest Real Estate Team in Singapore!

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 2020


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.


Details here:

BenchMark RealPro Pte Ltd (Highly Recommended! Passionate & awesome trainer David Huan)

Website: www.benchmarkrealpro.com

Tel: 67355860 / 67355861

Email: benchmarkrealpro@gmail.com

Venue: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876.

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.


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


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!


​If you're looking for hands-on and proven mentorship to quickly achieve results in your career, drop me a Whatsapp message to find out more about NAVIS or get an invitation to our next career talk!


Hear from you soon!

Stuart is a renowned leader and personality in the real estate industry.


He is the Co-Founder of NAVIS Living Group, Senior Associate Executive Director of OrangeTee & Tie, a licensed real estate agent, team leader, speaker and writer for several property newsletters and blogs.


He is often quoted in media interviews on 938FM, Channel 8, PropertyReport, PropertyGuru and other publications.


Known as a star-maker, he has mentored many top million dollar producing agents and team leaders from different real estate agencies in Singapore.


**Enjoy 100% RES joining fee subsidies for brand new agents. Limited slots available.


Relevant Reading:


- Find out which real estate agency to join after passing your exams!


- 9 Skills You Will Need As A Property Agent Today


- Passed your RES Exams? Find out what steps to take next to quickly reach your goals!

- How To Build An Effective Real Estate Sales Process