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 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 Salesperson (RES) course:
Generally in the $800 range at the variousRES 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.
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: $100-500 range.
What is the Real Estate Salesperson 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)
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.
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 thereal 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 Real Centre Network and Institute of Estate Agents are the best choices!
Which RES course is the best?
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.