Interested in a career in property sales?
It is no longer a simple feat to become a licensed Real Estate Salesperson (RES) in today’s era. You will need to have the determination to attend weeks of RES Courses and pass the RES Exam.
Do not fret, we are here to guide you through everything you need to know about getting a real estate licence.
Let’s get started.
How much does the RES Course cost?
Before attaining your real estate licence and ID Tag as a real estate agent, here are the costs to take note of:
1. RES Course
Typically in the range of $650 to $800, there are numerous RES Course Providers out there in the market. (Read till the end for a list of recommended course providers)
- Singapore citizens (SC) and Permanent Residents (PR) can claim their SkillsFuture credits of $500 for the course
2. RES Exam
There are 2 papers and the total cost incurred is $417.30 with GST included.
For retakers, it will cost $235.40 with GST included per paper.
After passing your exams, you are required to pay for the registration with a licensed property agency.
Here are the various costs:
- RES registration fees: $53.50 (inclusive of GST) + $230 (annual CEA fees) = $283.50
- Professional Indemnity Insurance; $120
- Admin fee levied by agency: $300 to $500
What is the RES Course all about?
Implemented in 2010, aspiring real estate agents are required to go through the RES Course via CEA approved course providers. This course will take you 1 to 2 months to complete and there are different types of classes catered to different schedules.
You will learn and understand the rules and regulations revolving property agency best practices and various Singapore laws and guidelines of buying, selling, and renting of properties in Singapore.
The course will cover so many different areas to the extent that practising veterans would not even be able to fully remember all the materials.
- Must be at least 21 years old and above
- Singaporean or PR
- Fulfils CEA fit and proper criteria
- Minimum of 4 GCE ‘O’ Level passes or equivalent (WPLN)
RES Exam Schedule
To take the RES Exams, candidates need to complete their RES Course with a minimum of 75% attendance rate. Graduates will then get a course completion certification.
With this certificate, you can then take on the RES Exams at the SEAMEO Regional Language Centre (RELC).
The exams will be held in the month of February, June, and October each year.
Update: The RES Exams are cancelled until further notice due to the Covid-19 situation.
Tip: Register 2 months in advance as the registration for the RES Exam will close 1 to 2 months prior.
What is the RES Exam format?
There will be 2 papers for the RES Exam, each taking 2.5 hours.
The format will be the same for both papers as well:
- Section A: 50 Multiple Choice Questions (MCQs) scoring 1 mark each
- Section B: 15 MCQs with 1 or 2 case studies reference scoring 2 marks each
- Section C: Fill in the blanks Short Answer Questions (SAQs) scoring 2 marks each
Receiving your RES Exam results
You will be notified via the email that you have registered with CEA by the Exam Administrator.
Note: The results will usually take 4 to 6 weeks to arrive.
The results come in 4 forms: Pass (P), Fail (F), Pass Paper 1; Fail Paper 2 (P1 F2), Fail Paper 1; Pass Paper 2 (F1 P2).
Those who received P1 F2 and F1 P2 are able to retake the papers that they failed respectively. But one thing to note – candidates are required to retake the exam within the 2 years timeframe from receiving the Certificate of Completion from their RES Course.
Can I appeal my RES Exam results?
If you are confident that you should have passed either of your papers, you can submit an appeal via SEAMO Regional Language Centre (RELC) and the Exam Administrator will review your appeal within 5 working days.
Do note a non-refundable fee of $64.20 (GST included) will be charged for each paper’s review.
Graduating from RES Course and passing the RES Exam does not mean that you are now a real estate agent.
You will have to comply with the other registration requirements under the Estate Agents Act – check out the list of requirements at CEA’s website here.
I’m a foreigner, can I register too?
Certainly! However, you are required to have a valid Employment Pass (EP) that is issued by the Ministry Of Manpower (MOM).
You will also need a letter of sponsorship issued by your estate agency when you register for the RES Course.
It’s important that you find a reliable estate agency that is prepared to support and help with your future registration application.
Watch the video above to understand more about NAVIS – The Fastest Growing Real Estate Team!
The Ultimate List of Recommended CEA Approved RES Course Providers
With a wide range of course providers available in Singapore, this list will be your go-to list as we have gathered the good reviews from our newly onboard agents.
We will be listing them by area:
- BenchMark RealPro
- Real Centre Network
- Pioneer Training & Consultancy
- Singapore Estate Agents Association
Note: If you are worried about being unable to attend the RES Course due to your commitments, each school has their different schedules catered to different people. There are weekend, night, and even express classes.
Here are the details of the mentioned CEA Approved Course Providers:
BenchMark RealPro Pte Ltd (Highly Recommended! Awesome trainer David Huan)
Tel: 67355860 / 67355861
Email: [email protected]
Venue: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876.
Institute of Estate Agents
Tel No: 6323 1770
Email: [email protected]
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
Email: [email protected]
Venue: Blk 134 Jurong Gateway Road #03-309P Singapore 600134
Real Centre Network Pte Ltd
Tel No: 6511 3009
Email: [email protected]
Venue: 490 Lorong 6 Toa Payoh #09-16 HDB Hub Biz 3 Singapore 310490
Singapore Estate Agents Association
Tel No: 6702 1602 Email: [email protected]
Venue: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051 (Office Lift Lobby 1)
What happens after passing my RES Exams?
Give yourself a huge pat on your back! It is no easy feat to pass the RES Exams!
Right now, chances are high that you have done your research on various agencies. In fact, you might also have decided on which one to join.
Otherwise, here are the Top 3 Real Estate Agencies at the moment:
1. OrangeTee & Tie
After deciding on your agency, here are the next steps:
- Submitting a Real Estate Salesperson Registration for ‘In-Principle Application’ (IPA)
- Waiting for approval of CEA registration (within 4-6 weeks)
After completing the steps above, you are an official realtor!
Welcome onboard mate!
This is going to be one of the most exciting careers you will ever take on in your entire life.
One tip for you though – find a good mentor to drastically shorten your learning curve.
Meanwhile, have a look at the lucrative career path that OrangeTee & Tie provides!
Drop us a WhatsApp message or Email us here if you would like to explore your next journey with us!
Navis Living Group is the #1 Fastest Growing Group in OrangeTee & Tie. Over the years, they have built a complete plaform that can support their real estate agents in every aspect.
They have groomed and produced countless Top Producers and elites of this industry in Singapore.
Join them in their exciting journey to become one of the best today.