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Have you ever thought of becoming a real estate agent?
You may be a fresh graduate or someone planning a career change. Or you may be a stay-at-home-mum looking to return to society.
Is a property agent career a promising career?
There are many reasons why a career in real estate is popular. Some of these include time flexibility, lucrative income, and the choice to work from home.
So how do you become a property agent in Singapore?
Learn the four steps to start your real estate agent career!
Step 1: Check that you fulfil the criteria to become a property agent
There are a few criteria that you must fulfil before you can proceed to the next step.
1) Must be a Singaporean or a Singaporean Permanent Resident (SPR) for more than 10 years
For Singaporeans, you have already fulfilled the first criteria.
What if I am a SPR for less than 10 years? Can I still join the real estate agent industry?
If you are a SPR for less than 10 years, you must submit a Certificate of no criminal conviction or a proof that you have stayed in Singapore for 10 years or more.
Check out how one of our teammates, Gigi Wang, who is an American expat and PR in Singapore got her CEA license. Read her real estate journey in this article:
For foreigners looking to join the industry, your estate agent must approach CEA for a preliminary eligibility assessment and submit the required documents, such as a work pass or employment contract.
2) Must be 21 years old and above
If you are younger than 21 years old, congrats! You have a long road ahead to make this your dream career. Just wait a while more :)
3) Must have a minimum of 4 'O' level passes or equivalent
If you do not have a minimum of 4 'O' level passes, you may also submit a Level 5 and above Workplace Literacy and Numeracy (WPLN) assessment in these 5 components: Reading, listening, speaking, writing and numeracy.
You may register for the WPLN Assessment at the British Council.
Other qualifications, such as overseas qualifications and private diplomas etc, can also be submitted for assessment through the Approved Course Providers (ACP) with whom you intend to enrol in the Real Estate Salesperson (RES) course.
4) Fulfil CEA fit & proper criteria
To be deemed fit and proper to be a real estate agent, you must fulfil the criteria that CEA has listed.
Find out more details on such criteria on the CEA website.
If you fulfil the above 4 criteria, congratulations!
You may now move on to the next step - Attend the Real Estate Agent Course!
Step 2: Attend the Real Estate Salesperson (RES) Course
CEA requires all new entrants to take the Real Estate Agent course through its Approved Course Providers (ACP) before taking the RES exam.
Below are the CEA Approved Course Providers:
- Website: www.benchmarkrealpro.com
- Email: benchmarkrealpro@gmail.com
- Tel number: 6733 5860 / 6735 5861
- Office: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876
- Website: www.hastor.com.sg
- Email: training@hastor.sg
- Tel number: 6252 2802
- Office: Blk 190 Lor 6 Toa Payoh #02-514 Singapore 310190
- Website: www.iea.sg
- Email: courses@iea.sg
- Tel number: 6323 1770
- Office: 480 Lor 6 Toa Payoh #07-091 HDB Hub East Wing Singapore 310480
- Website: www.lma.com.sg
- Email: RES@lifemasteryacademy.com
- Tel number: 6255 6091 / 6255 6083
- Office: Blk 190 Lor 6 Toa Payoh #02-510 Singapore 310190
- Website: www.pioneertraining.org
- Email: pioneertc@gmail.com
- Tel number: 6462 6093 / 9424 3483
- Office: Blk 134 Jurong Gateway Road #03-309P Singapore 600134
- Website: www.realcentrenetwork.com
- Email: info@realcentrenetwork.com
- Tel number: 6511 3009
- Office: 490 Lor 6 Toa Payoh #09-16 HDB Hub Biz 3 Singapore 310490
- Website: www.riaschool.com.sg
- Email: admin@riaschool.com.sg
- Tel number: 6339 6000
- Office: 490 Lor 6 Toa Payoh #03-13 HDB Hub Biz 3 Singapore 310490
- Website: www.seaa.org.sg
- Email: edu@seaa.org.sg
- Tel number: 6702 1602
- Office: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051
After you have completed the property agent course, you will be issued with the Certificate of RES Course Completion, provided that you have a minimum attendance rate of 75%.
Do note that the certificate of RES course completion has a validity period of 2 years. You must take the RES examination within 2 years from the completion date,
If you cannot pass the exam within 2 years (ouch, touchwood!), you are required to attend and complete the RES course again.
Step 3: Take the Real Estate Salesperson (RES) examination
The RES examination is entry-level for all new entrants who wish to become a real estate salesperson.
RES Exam Registration 2024
The RES Exam 2024 will be held in March, July, and November. Registration normally take place around a month before the exam.
(image extracted from NTUC LearningHub)
Examination Format
There are 2 papers for the exam.
The format of both Paper 1 and Paper 2 is as follows:
Section A: 60 MCQs (60 marks)
Section B: 20 MCQs with reference to 1 or 2 case studies (40 marks)
Duration: 2.5 hours for each paper
If you have only passed one paper, you are allowed to retake the other paper within the 2 years timeframe from the date of issuance of the RES course completion certificate.
Examination Syllabus
The current RES exam syllabus was revised and took effect from 1 Jan 2017.
It consists of 4 competency units:
1) Real estate agency industry overview and basic land law concepts.
2) Dealings with interest in land.
3) Regulation of real estate agency industry and real estate marketing.
4) Property Transactions
You will not be tested on policy changes announced or implemented within one month before the RES exam.
Also, if you're interested in RES Revision classes before going for the exam, we have awesome RES Revision trainers conducting these revision classes. (Contact me here to join these classes!)
Examination Fees
For a full sitting of 2 papers, the exam fees (including GST) is $425.10.
For modular re-sitting, the exam fees (including GST) is $239.80.
If you are an NTUC member, you can enjoy up to 50% funding (capped at $250 per year) under the Union Training Assistance Programme (UTAP).
NTUC members 40 years old and above can enjoy higher funding up to $500 per individual each year.
Examination Dates
The 2024 exam dates are as followed:
You may want to visit the NTUC Learning Hub website for the latest updates on examination registration opening and closing dates.
Examination Results Notification
You will receive an email notification in 4 to 6 weeks informing you if you have passed your exams.
If you have passed your examination, congratulations! You may now proceed to step 4.
If you have not passed your exams, don't be discouraged. Many teammates tried a few times before finally passing their exams!
Don't give up!
Step 4: Apply to a Real Estate Agency and register as a salesperson
Once again, congrats on passing your exam. It's no small feat!
You may now proceed to your chosen property agency in Singapore and register as a salesperson through them. Do note that this has to be done within 2 years from the month you sat for the exam. Not sure which property agency in Singapore to join?
Read more on: Which real estate agency should I join?
Conclusion
If you have been considering a career in real estate, start taking action to make this a reality!
Looking for a real estate mentor to kickstart your property career?
Drop me a Whatsapp or schedule an appointment using the link below.
See you soon!
Related Readings
About The Author
Vivian joined the real estate industry in 2002.
Having been in the real estate business for more than 2 decades, she knows the rewards and challenges that a real estate agent faces.
While the real estate career offers lucrative income and flexible work hours, it also presents many challenges - financial insecurity as we do not have basic pay and time management as we juggle work, children and family all at once.
Only those who have walked the same journey will understand.
Vivian would now like to pay it forward by mentoring fellow agents, especially women who want to build a real estate career.
It is her vision to see women achieving their dreams, and live their lives with purpose and passion through a successful real estate career.
Call Vivian at 98577714 to embark on this journey.