Are you considering a property agent career in Singapore?
You might still be in school but exposed to the world of real estate through your parents, relatives or friends.
Or you might even have worked for years in a different field and are considering a career switch for financial or freedom reasons among the many awesome reasons to be in real estate.
Well, either way, welcome!
Becoming a licensed real estate agent today is much tougher than before and it requires much grit and determination to attend dense training sessions and study for the RES exams.
Real Estate Salesperson Course (RES) 2022
How much does it cost to get a Singapore property agent licence?
Before you attain your licence and ID tag as a real estate agent, these are the costs you will need to prepare for:
1. Real Estate Salesperson (RES) course:
Generally in the $650-800 region at the various RES course providers (I’ll list the better ones later in this article)
– If you’re an NTUC member, you can enjoy up to $250 UTAP subsidy for your RES 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 both papers.
– $235.40 (inclusive GST) per paper for re-takers.
After passing the exams, you would normally attend a real estate recruitment talk and register with a licensed real estate agency.
Typical Joining Fees are:
– Professional Indemnity Insurance: $120
– Agency levied admin fees for name cards/ID Tag/Start Up Course/Admin fees: $300-500 range.
What does the RES Course cover?
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.
To be frank, RES courses cover so many different areas that even practicing property agents of many decades are unable to fully remember all the material.
Do not expect to pass on your first try and if you do decide to begin, remember that you are going to have to be a very determined soul and revise very hard to pass the exams.
Anecdotal evidence suggests a 20-30% pass rate out of every batch of exam takers.
Fortunately, we do have free RES exam revision sessions if you need help passing it.
Feel free to touch base if you wish to join in our RES revision classes!
RES Course Attendee Requirements:
– Must be at least 21 years old
– Singaporean or Permanent Resident
– Minimum of 4 GCE ‘O’ level passes or equivalent (WPLN)
– Fulfils CEA fit and proper criteria
Real Estate Salesperson (RES) Exam Dates 2022
With this certification, you are then allowed to register for the RES exam at CEA’s appointed examination administrator, NTUC LearningHub Pte Ltd
In order not to miss your desired examination date, you should register at least 2 months in advance as registration closes 1 to 2 months prior.
NTUC LearningHub Pte Ltd (LHub)
Hotline: (Mon – Fri, 8:30 am to 5:30 pm): 6336 5482
NTUC Trade Union House
73 Bras Basah Road #02-01
Exam Venue: Singapore Institute of Management (SIM)
Exam Eligibility Criteria:
Exam candidates will need to comply the following:
– Complete the RES course with a minimum 75% attendance record before they are eligible to receive the
“Certificate of Completion for RES Course”.
When are the RES Examination results released?
– The RES Examination results will be released 4 – 6 weeks after the examinations.
Appeal of RES Exam Results
If you believe that you should have passed the exams, you may submit an appeal to review your exam paper via 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 salesperson.
You will have to comply with the full registration requirements stipulated under the Estate Agents Act, which include meeting the fit & proper criteria.
For foreigners who wish to register with CEA as salespersons, you will need a valid Employment Pass (EP) issued by the Ministry of Manpower (MOM).
After which, you will have to find an estate agency that is prepared to support your registration application, who would then check with CEA.
When registering for the RES Course, you will need to produce a letter of sponsorship from the estate agency. Yes, it is strict even for course-takers who are learning for the sake of it.
List of Recommended RES Course Providers 2022
Get an application form from Us and submit your application to CEA for the ‘In-Principle Approval’ (IPA).
Approval of CEA Registration
Within 4-6 weeks, you should receive a notification of CEA’s approval.
You are ready to start on an exciting and rewarding real estate career!.
Enjoy our 100% RES joining fee subsidies for brand new/experienced agents. Limited slots available.