Thinking of becoming a real estate agent in Singapore?
Many consider entering real estate for reasons like financial gain and increased autonomy after working in a different field. Career-switchers, new graduants and those who wish to join an exciting and lucrative career are all welcome.
Earning your real estate license may be a challenging feat, but perserverance and passion will help you make it through the rigorous Real Estate Salesperson (RES) training and exams.
Inquire about Daniel Poh’s experience as a property agent and how he got his start in the industry in Singapore.
Unlocking the doors to your dream property is not just a transaction; it’s a pivotal financial decision. Property, often one of the most substantial investments a person can make, significantly influences the buyer’s financial standing. Navigating this critical decision demands specialized expertise in finance, investment, marketing, and negotiation.
Property Agent Course
- Depending on the RES provider, the average cost of a course might range from $650 dollars to $800 dollars. (Here you’ll find a list of recommended service providers.)
- NTUC members under the age of 40 may be eligible to receive a $250 RES Exam UTAP stipend.
- Members of the NTUC aged 40 and older may get up to $500 in additional funding to help cover the costs of their course work and certification examinations.
- Four hundred seventeen dollars and thirty cents for both publications (inclusive of GST).
- Each retake costs $235.40 (GST included).
- After completing their licencing examinations, aspiring real estate agents often join up with an established firm after attending a recruiting lecture.
- Real estate agent To join CEA will set you back $53.50 plus $230 in yearly dues, for a total of $283.50.
- The cost of professional indemnity insurance is $120.
- Name tags, ID cards, orientation sessions, and other miscellaneous expenses are often included in the $300–$500 annual administrative fee charged by the agency.
Course for Real Estate Salespersons (RES) 2022
Do Singapore property agents have to pay a license fee?
Here are the costs you will need to plan for before you earn your real estate agent license:
- This course is for real estate salespeople (RES):
I will list a few of the better RES course providers later in this article, but RES courses generally range from $650-800.
- NTUC members’ RES Exams can be subsidized by UTAP for up to $250 if they are below 40 years old.
- Higher funding support of up to $500 is available for NTUC members who are 40 or above.
- Up to $500 of SkillsFuture credit can be used by Singaporeans and Permanent Residents 25 and older.
MATTERS RELATING TO UTAP
The website for skill upgrades is http://skillsupgrade.ntuc.org.sg
Please contact UTAP at e2i.com.sg
Hotline for NTUC memberships: 6213-8008
We are open from 9:00 am to 5:30 pm, Monday through Friday, and from 9:00 am to 12:30 pm on Saturday
- Exams for RES:
- The total cost for both papers is $417.30 (including GST).
- The retake fee for each paper is $235.40, GST included.
Once you have passed the exams, you will normally attend an event that will introduce you to an agency that specializes in real estate.
The joining fee typically consists of:
- Fees: $53.50 for Salesperson Registration + $230 for the CEA fees annually = $283.50
- An insurance policy covering professional indemnity costs $120
- Admin fees were charged by the agency for name cards, ID tags, and starting up courses: $300-500.
RES Course topics include what?
RES Courses are offered only by CEA-approved providers since 2010. In this course you will gain an understanding of the rules and regulations governing property agents’ work and practices, as well as Singapore’s laws and guidelines regarding renting, buying, and selling housing units in the public sector, private apartments, and condominiums, as well as commercial business spaces.
There are so many different areas covered in RES courses that even experienced agents can’t fully recall all the material. Having said that, if you decide to begin, be prepared to spend a lot of time revising and be determined if you want to pass.
Anecdotally, it appears that between 20-30% of test takers pass. If you need help passing your RES exam, you can take advantage of our free revision sessions.
Attendee requirements for RES courses:
- A minimum age of 21 is required
- Resident of Singapore or Singaporean
- You must have at least 4 GCE ‘O’ levels or equivalents (WPLN)
- Meeting CEA criteria for fit and proper
Exam dates for Real Estate Salespersons (RES) in 2022
CEA’s appointed examination administrator, NTUC LearningHub Pte Ltd, will administer the RES examination after you complete the RES course. You must pass both RES exam papers to register for the exam. A student takes exams three times a year, in February/March, June, and October.
You should sign up at least two months before the event, as registration closes 1-2 months before the event.
LHub Pte Ltd (NTUC LearningHub)
- You can access the site at https://res.ntuclearninghub.com
- To reach us, please call our hotline (Monday through Friday, 8:30am to 5:30pm): 6336 5482
- Send an email to rea@ntuclearninghub.com
The address is:
Building NTUC Trade Union (NTUC)
The address is 73 Bras Basah Road, #12-01
The Singaporean Code is 189556
Examining location:
Management Institute of Singapore (SIM HQ)
If you complete your RES course between 22 February 2018 and 30 April 2020, the CEA will extend the validity period of your certificate by one year. This will provide ample time for you to sit RES exams in the future.
The following criteria must be met to qualify for the exam:
The following are the requirements for exam candidates:
- Attendance of a minimum of 75% in the RES course is a requirement for the award “Certification of RES course completion.”
Format of the exam:
Each paper takes 2 12 hours to complete
The first and second papers:
- Section A: Each multiple choice question is worth one mark (section A)
- Section B: 15 short-answer questions accompanied by one or two case studies – each worth two marks
- Section C: You will be required to complete 10 short answer questions (SAQs) worth 2 marks each
Results of the examination:
- CEA must review all papers with a 60% passing mark.
- Exam administrators will contact you with your results.
- After the Certificate of Completion of RES Course is issued, CEA stipulates that both papers must be passed within two years.
- You will only have to retake the specific paper you did not pass at the end of the previous exam if you do not pass either one.
- It will be necessary for you to retake the course and take both exams again if you do not pass both papers within the 2 year timeframe. That hurts!
When do the results of the RES Examination become available?
After the RES Examinations are conducted, the results will be released after 4 to 6 weeks.
Results of the RES exam appealed
By submitting an appeal through the NTUC Learning Hub, you can request a review of your exam papers if you believe that you should have passed. Within 5 working days of the notification of examination results, the CEA’s appointed examination administrator must be notified of the results.
For the review of each examination paper, a nonrefundable fee of $64.20 is charged (including GST).
Request for postponement of examination
NTUC LearningHub will charge an admin fee of $107 for each deferment, regardless of whether the deferment is due to COVID or other legitimate reasons such as NS call up or bereavement. The admin fee is nonrefundable.
Applicants must submit an application on https://res.ntuclearninghub.com within 5 working days of the exam date.
Foreigners and aspirant property agents should note:
You do not automatically become a real estate salesperson after taking the RES Course and passing the RES examination. According to the Estate Agents Act, you must satisfy the fit and proper requirements in order to register as an agent.
Before you register for the RES Course, make sure you review CEA’s complete list of registration requirements. This will prevent you from getting a nasty surprise after passing the exams.
The Ministry of Manpower (MOM) issues Employment Passes (EP) to foreign nationals who wish to register with CEA as salespersons. A real estate agency will then be required to support your application for registration, which will then be reviewed by CEA.
A letter of sponsorship from your estate agency is required to register for the RES Course. Even students who are enrolled in the course simply to learn are strictly monitored.
Recommendations for RES Courses in 2022
I have heard good things about many of the new property agents who have joined us who are in need of RES courses. If you are wondering which RES course provider to choose, then this list may be of assistance since I have heard many good things about these providers.
The best choices are Hastor and Real Centre Network if you reside in central areas. Go to Pioneer Training & Consultancy if you are staying in the west. Go to Singapore Estate Agents Association if you live on the East Side.
There are several real estate schools that offer different RES course schedules in order to fit the schedules of busy working adults and working parents. Courses may be offered on the weekend, on Saturdays, on specific weeknights, or express classes.
Here are the details:
Hastor Property Services
Website: www.hastor.com.sg
Tel: 62522802
Email: Training@hastor.sg
Venue: 190 Lorong 6 Toa Payoh #02-514, Toa Payoh Central,
Singapore 310190
(Located above KFC, please use the stairs beside KFC and go up to Level 2)
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)
BenchMark RealPro Pte Ltd
Website: https://www.benchmarkrealpro.com
Tel: 67355860 / 67355861
Email: benchmarkrealpro@gmail.com
Venue: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876.
Comparing RES courses
Would you like to find out what RES course providers or types would benefit you most?
How much is the cheapest of them all? There are different schedules and lengths of courses to suit different individuals, but they all meet the CEA’s criteria.
Revision classes for RES exams
Have trouble understanding the topics of Paper 1 or 2 of your RES course?
Learn how to handle the RES exam formats and questions fluently and improve your RES exam scores by participating in our FREE RES Exam Revision Classes with fellow RES students and mentors who have already passed their RES.
You can pass your exams with flying colors by receiving access to thousands of mock exam questions.
In Which Area Should You Pursue a Career in Real Estate?
Now that you have obtained your license, it’s time to research potential real estate companies and follow the steps outlined by the organization of your choice to become a licensed real estate salesperson.
Registration of Salespersons
Registration by CEA approved
After four to six weeks of submitting your salesperson registration information to the Council for Estate Agencies (CEA), you should get news of approval. Congratulations! Your registration with the agency of your choosing has been verified; you may now begin an exciting and lucrative career in the real estate industry.
Proposed Profession Development for PropNex
After browsing our website, you will understand why PropNex is expanding rapidly and producing high-achieving agents and industry leaders.
If you think your life would improve if you didn’t make any changes, you may choose to stay the same. But, success does not necessitate flowing with the flow; rather, it calls for initiative, the company of positive role models, and the acceptance of challenges as opportunities to grow.
Given the constraints of time, it’s possible that you won’t always have the luxury of adapting to changes in your life, such as those that come with ageing or a career shift. It is thus essential to remember the following:
- First, consider whether or not you have access to the resources you need to succeed in your chosen field.
- Second: what would it mean to you to reach your full potential and devote more time to the people you care about?
If you transitioned from just surviving to flourishing, what would that look like for you?
WHO I AM AND WHY I WANT TO MEET YOU
I have a history of successfully mentoring others, and with the support of the PropNex platforms, you may accelerate your career advancement in sales and team development.
Are you thinking about joining a mentoring programme to help you advance in your career?
One complimentary 30-minute meeting with Mr. Daniel Poh and his team leaders is available.
So, let’s get together right now and set everything up. Send me a WhatsApp if you’re interested in attending our next recruiting seminar.
