HOW TO BECOME REAL ESTATE AGENT?

how-to-become-property-agent-singapore

Property Agent Singapore – Registration Criteria

What are the requirements in order to be a property agent?
Find out here.

WHO CAN BE ESTATE AGENT:
Registration Criteria for New Property Agent
Here are the basic criteria to be fulfilled before you can be registered as a real estate salesperson:
1) Must be a Singapore Citizen or Singapore Permanent Resident.
2) Must be at least 21 years old.
3) Must have a minimum of 4 GCE ‘O’ Levels passes or equivalent.
4) Possess a pass in the Real Estate Salesperson (RES) exam or equivalent.
5) Be registered with only 1 licensed estate agent.
6) Must not be an existing licensee/Key Executive Officer of another licensed estate agent.
7) Must not hold a moneylender’s licence and not be an employee, director, or partner of a licensed moneylender.
8) Fulfill the fit and proper criteria, such as:
a) Must not be an un-discharged bankrupt or have entered into a composition or scheme of arrangement with their creditors.
b) Must not have any convictions in a court of law in any country.
c) Must not have any judgment that involved a finding of fraud, dishonesty or breach of fiduciary duties entered against them in civil proceedings.
d) Must not have been detained under the Misuse of Drugs Act or served with a detention/police supervision order under the Criminal Law (Temporary
Provisions) Act.
e) Has not been convicted of any offence under the Estate Agents Act.

What’s the 1st Step?

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

The RES 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.

Course Fee:

Generally in the $700-800 region 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. 

The following outline the RES Course which comprise of two parts:

Click to download RES Examination Syllabus:
RES Examination Syllabus 2017 (PDF, 870KB) 
Sample RES examination questions (as at 1 January 2019) (PDF, 507KB)

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

2 papers each (2 ½ hours per paper)

The format of both Paper 1 and Paper 2 is as follows:

Section A : 50 MCQs (50 marks)
Section B : 15 MCQs with reference to 1 or 2 Case Studies (30 marks)
Section C : 10 Fill-in-the-blank Short Answer Questions (20 marks)

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 Fees:
$417.30 (inclusive GST) for 2 papers.
$235.40 (inclusive GST) per paper for re-takers.

The RES EXAM held in the following locations:

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]

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”.

What’s next step after exam?

The RES Examination results will be released 4 – 6 weeks after the examinations. Exam Administrator will notify you of your results.
If you had passed 1 paper but failed the other, then you can retake the exam on the particular paper.
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.

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.

If you pass both the papers, then congratulations! You’re one step closer to success!
If

Joining Us?

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 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.

I did the same as you do, because i hate switching around different company too.
Back in 2012, there are still DWG (Dennis Wee Group), HSR… and few others quite active agencies but no longer active nowadays. At the end, I choose Huttons as my career homes, mainly because i can feel the family spirits and also the caring team – TTT (The Tremendous Team).

The following are just 19 reasons to list out, which i believe you will find it similar to other agencies (marketing speech huh?).

Do talk to me to have a non-obligated private discussion over a coffee, or probably a zoom session if you’re preferred so/ not fully vaccinated yet.

Finally, this is what you need to do, if you decided to join us!

Submitting a Salesperson Registration

We will do up the application form from with you and submit the 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. (While waiting for the approval, you’re welcomed to join us for all the trainings, top producer’s sharing sessions, gatherings, materials and everything in TTT.)

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

Last but not least, this year, Huttons having special package to welcome everyone to join us! You can now enjoy ZERO Cost joining fee subsidies and many others freebies to help you kickstart your career faster than others. Limited slots available!

Existing RES

New RES

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

Hear from you soon!

How Much Does it Cost to become Real Estate Agent?

How Much A Typical Property Agent Earns?