Updated: May 5
How to Become a Real Estate Agent in Singapore?
You can commonly see Property agents recruitments advertisement in social media, newspaper every day.
But to obtain a real estate licence is no more than simples in Singapore.
What is the cost for the real estate course and the fees for the exam?
There are several costs involve before you obtain your Property agent licence and an identifications tag.
1. Real Estate Agent Course ( Real Estate Salesperson (RES)) course:
The Course fee generally runs between the range of S$700 – S$900, it all depends on various RES course providers. ( A list of course providers will be list later in this article)
- You can enjoy a UTAP subsidy of up to S$250 for the RES course if you are an NTUC member.
- A SkillsFuture credit of up to SS$500 can be utilised for Singaporean and Permanent Residents.
2. Fees for RES exams:
$417.30 (inclusive GST) for 2 papers.
$235.40 (inclusive GST) per paper for re-takers.
When you have passed the exams, you would need to pay to register with a licensed estate agency.
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: $300-500 range.
What is the Real Estate Agent Course about?
In the year 2010, The Council of Real Estate Agency (CEA), all new property agents requires to take a compulsory RES exam.
They have to take the RES course from the CEA approved course providers.
This course will help you to understand the concepts of real estate and agency practice.
Provides you with the basic knowledge of the Singapore laws in property transactions.
The RES course covers so many different areas that even veteran practising real estate agents are unable to fully remember all the material.
- You 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) Exams
After completing the RES Course, you may register for the RES exam at SEAMEO Regional Language Centre (RELC) and must pass the 2 RES exam papers.
Currently, the exams held 3 times a year during Feb, June and October.
Adviseable that you at least 2 months in advance as registration closes 1-2 months prior.
Exam Eligibility Criteria:
Exam candidates will need to comply with the following:
Must have obtained “Certificate of completion for RES course”.
To obtain this certificate, you must achieve a minimum of 75% attendance in your 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 timeframe, you will have to retake the RES course and sit for the full RES examination again i.e. both Papers 1 and 2.
The 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 a Real 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 the real estate agency.
List of Recommended CEA Approved Course Providers for the Real Estate Agent Course 2020
There are many training centres and in case you are wondering which RES course provider 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, BenchMark RealPro and Real Centre Network are the best choices!
Find out which RES Course suits you 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. Check them out here for a review and comparison.
BenchMark RealPro Pte Ltd (Highly Recommended! Passionate & awesome trainer David Huan)
Tel: 67355860 / 67355861
Venue: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876.
Institute of Estate Agents
Tel No: 6323 1770
Venue: 480 Lorong 6 Toa Payoh #07-01 HDB Hub East Wing Singapore 310480
Pioneer Training & Consultancy Pte Ltd
Tel No: 6462 6093 / 9424 3483
Venue: Blk 134 Jurong Gateway Road #03-309P Singapore 600134
Real Centre Network Pte Ltd
Tel No: 6511 3009
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
Tel No: 6702 1602 Email: email@example.com
Venue: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051 (Office Lift Lobby 1)
How do I officially become a real estate agent after passing the RES exams?
Congratulations if you managed to pass your exams! It was no mean feat!
By now you might have done your research on which agency to join.
Finally, this is what you need to do:
Submitting a Salesperson Registration
Get an application form from your real estate agency and submit your salesperson 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.
Congratulations! CEA has confirmed your registration with your estate agency. You are ready to start on an exciting and rewarding real estate career!
Looking for great real estate career mentorship to shorten your learning curve?
Drop me a WhatsApp/Email if you would like to start your career with our team or attend our next Career Seminar!
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An experienced Real Estate Professional in Singapore since 1995.
He is not only an experience in his trade and he is also a leader in Navis Living Group, a division in OrangeTee & Tie, the fastest-growing division in OrangeTee, with more than 1200 associates in this division.
Peter also leads a small group of associates, he mentors and provides training and make sure each of them is on the right track.
WhatsApp Peter if you are looking for someone who can share and guide you in your career in Real Estate.