Are you keen on embarking on a property agent 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 does it cost 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)
- For NTUC members below 40, you can enjoy up to $250 UTAP subsidy for your RES Exams.
- NTUC members above 40, you can enjoy higher funding support of up to $500 each for your RES course and exams.
- Singaporeans & Permanent Residents 25 years old and above can utilise their 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 - $150
Agency levied admin fees for name cards/ID Tag/Start Up Course/Admin fees: $300-500 range.