- 1 How much is the RES Course?
- 2 How much are the RES Exams?
- 3 What is the RES Course?
- 4 Am I eligible for the RES Course?
- 5 What is tested in the RES Exams?
- 6 RES Exam Dates in 2021
- 7 RES Exam Format
- 8 When will I receive my RES Exams’ results?
- 9 Can I appeal for my RES Exams Results?
- 10 Important notes for Aspiring Real Estate Agents and Foreigners
- 11 The Ultimate List of Recommended CEA Approved Course Providers 2021
- 12 How should I choose my real estate agency?
Are you considering a property agent career in Singapore?
You might still be studying and may have been exposed to the real estate market through your family and friends.
Or you might be a working adult and considering a mid-career switch to a real estate agent for either financial or freedom reasons (or both).
Either way, welcome!
Becoming a licensed real estate agent in today’s world is a lucrative and desired career for many Singaporeans.
However, being a licensed agent isn’t a walk in the park – you need to endure through long and dense training courses and study for the exams.
But once you have done that, an EXCITING WORLD awaits you!
A career in the real estate industry will bring you the success that most other careers are unable to. The product a Real Estate Salesperson (RES) sells is possibly one of the highest-priced tickets that anyone can purchase in their entire life.
We are talking about their homes, investments, or even legacies.
And the best thing?
We are able to help and guide them on selecting the one that will unlock their fortune and retirement outcomes.
Gone are the days where a real estate agent only sells houses.
In today’s market, an estate agent requires to know (but not limited to) the following:
- Financial planning
- Investment opportunities
- Marketing skills
- Negotiation skills
- Management capabilities
- Public Relations skills
Woah, slow down will ya?
Did all this diversity of skillsets scare you off yet?
However, the truth is…
You do not probably have to worry that much, as an established real estate agency will have the resources and training to guide you through this journey.
Plus, the people that you meet in your property agent career will come from all walks of life!
You will get to experience a whole lot more possibilities than you can ever imagine!
Much more than a 9-5 job.
Being a RES is equivalent to setting up your own business — but with little resources and risks needed!
Also, you might have heard of the lucrative payout and time flexibility that an estate agent can get.
While all these may sound too good to be true…
The fact is, we have seen many of our agents achieving that consistently!
We even have agents clocking over $100,000 in their first month alone!
Granted, they worked exceptionally hard for that.
You can’t possibly expect to get all these benefits without working hard, can you?
You wouldn’t want to be that farmer who guards a tree trump and wait for a rabbit*, right?
However, if you are independent and don’t mind putting in the hard work, a profitable journey awaits you.
So, are you feeling excited about taking this amazing role yet?
Although… becoming an estate agent today is not as simple as the olden days.
You will need to sign up for the RES Course and pass the RES Exams before you can register with the Council for Estate Agencies (CEA) as an official real estate agent.
But don’t worry, we are going to go through all you need to know about becoming a real estate agent right now.
*The story where a farmer caught a rabbit in the tree trump and hence waited by the tree trump everyday to catch a rabbit, instead of slogging out in the field everyday.
Granted, he caught nothing as he idled his time away, waiting for an opportunity that never came.
How much is the RES Course?
The first thing you need to know before signing up for anything will be the fees. There are ample CEA Approved Course Providers in the market, hence there are many different fees for each of them.
The price ranges of these course providers are from $650 to $784. (We have a bonus list of recommended course providers in the latter part of the article, so read on!)
“It’s kinda expensive, isn’t it?”
Well, no worries as there are ways to subsidize the cost:
- Singapore Citizens and Permanent Residents (PR) above the age of 25 can utilize their SkillsFuture credits of $500 to $1,000* for the RES Course
- NTUC members get to enjoy a subsidy of up to $250 of Union Training Assistance Programme (UTAP) for the RES Exam
In a nutshell, if you are a Singaporean/PR, you can almost/entirely defray the cost of an entire RES Course!
“Ooooooh I’d like that!”
*As announced in Budget 2020, all Singapore citizens aged 25 and above would receive an additional one-off SkillsFuture credit top up of $500, on top of their opening credit of $500.
How much are the RES Exams?
The RES Exams have 2 papers, which costs $417.30 (inclusive of GST) in total.
For candidates retaking one of the papers, the cost would be $235.40 (inclusive of GST) for each paper. Please note that only those who have passed at least one of the papers are eligible for re-sitting for the other.
Other than the above fees, there are some other costs to take note of too.
After passing the RES Exam, you are required to pay a registration fee with a licensed real estate agency. Below are the costs involved:
- RES Registration Fee: $230 (annual CEA fee) + $53.50 = $283.50
- Professional Indemnity Insurance: $120
- Admin fee (levied by agency) for ID Tag/Name Cards: $300 to $500
In total, you will need to save around $2,200 to get your real estate licence (in consideration that you pass your exams on the 1st attempt).
Yes, that’s a lump sum.
But take note of this:
There are quite a few agencies offering subsidization for their registration fees. Plus, you practically save $500 to $1,000 due to your SkillsFuture credits.
Therefore, the amount you need to save is actually much lower. If you would like to know exactly how much you need to spend to get a real estate agent licence, drop us a message – we will calculate the exact amount for you!
What is the RES Course?
The RES Course is a preparatory module for those who are interested in pursuing a real estate career. The duration of the RES course usually takes around 1 to 2 months, as there are different types of classes catering to different needs.
Once completed, you will have a validity period of 2 years to take the RES Exam.
The RES Course will cover a range of topics from state laws, t0 real estate agency rules and regulations, to professional handling of property sales.
To be honest, the RES Course is something that even practicing agents with many years of experience are unable to fully recall all the materials.
Prepare yourself for the course by freeing up your time for ample revisions before taking on the RES Exams.
Note: We have a free RES Exam Revision session before every exam – drop us a note here if you wish to join!
Am I eligible for the RES Course?
To qualify for the RES Course, these prerequisites have to be met:
- Singapore Citizen or Permanent Resident
- At least 21 years old and above
- A minimum of 4 GCE ‘O’ Level passes or equivalent
- Fulfills CEA fit and proper criteria
If you have met all the prerequisites, you are now approaching closer to your property agent career!
What is tested in the RES Exams?
Paper 1 will be testing candidates mainly on these topics:
- Real Estate Agency Industry Overview/Basic Land Law Concepts
- Dealings with Interests in Land
While Paper 2 will be testing on these topics:
- Regulation of Real Estate Agency Industry/Real Estate Marketing
- Property Transactions
RES Exam Dates in 2021
Completing the RES Course with an attendance rate of 75% will grant you a certificate to take on the RES Exams at the SEAMEO Regional Language Centre (RELC).
The RES Exams are currently held 3 times a year— Feb, June, and October.
Pro tip: Do register 2 months in advance as registration will close 1 to 2 months prior.
Note: The RES Exam dates are adjusted accordingly to Singapore’s latest Covid-19 measures. For updates on the exam dates, please refer to Regional Language Center (RELC)’s website.
RES Exam Format
There will be 2 papers tested during the exams. Each paper’s duration will be 2.5 hours.
- Section A: 50 Multiple Choice Questions (1 mark each)
- Section B: 15 Multiple Choice Questions with reference to 1-2 case studies (2 marks each)
- Section C: 10 Fill-in-the-blanks Short Answer Question (2 marks each)
When will I receive my RES Exams’ results?
Keep a lookout in your mailbox as you will be receiving the results via your registered email 4 to 6 weeks after the exam.
Candidates who have taken the RES Exams will receive an email notification from CEA’s appointed Examination Administrator 4-6 weeks after the RES Exams.
If you have failed both papers, you can retake the RES Exams during the next round.
If you have failed either of the paper, you can retake that specific paper during the next exam.
As mentioned above, there will be a validity period of 2 years upon completing your RES Course.
Hence, you are required to pass the RES Exams within the 2 years validity period from the date of your course completion.
If not, you will have to retake the entire course again to take the exams (ouch).
Can I appeal for my RES Exams Results?
You may submit your appeal for your results via the SEAMEO RELC if you believe you should have passed your exams.
The appointed RES Exam Administrator will then review your papers once again.
The appeal should be submitted within 5 working days from the date of the examination results.
Note: A non-refundable fee of $64.20 (inclusive of GST) will be charged for the review of each paper.
Important notes for Aspiring Real Estate Agents and Foreigners
Once you have completed your RES Course and Exams, you will still have to fulfill the other registration criteria in order to start your property agent career.
To check out the other registration criteria, refer to CEA’s website.
For foreigners who wish to register with CEA as a RES, you will need to have a valid Employment Pass (EP) issued by the Ministry Of Manpower (MOM).
Also, you will need to search for a real estate agency that is willing to help you with registering with CEA.
When registering, you will need to provide a letter of sponsorship that is provided by the agency you are working with.
The Ultimate List of Recommended CEA Approved Course Providers 2021
If you are still reading this article, congrats to you as you are going to receive a bonus from us – finding the right CEA Approved Course Provider for you!
You should know that there are numerous training centres and course providers to go for in Singapore.
Hence, we came up with this list by gathering good reviews from our newly onboard agents.
- BenchMark RealPro
- Real Centre Network
- Pioneer Training & Consultancy
- Singapore Estate Agents Association
Note: If you are a busy working adult or parents, there are a variety of classes you can choose from. From weekend to night classes, you do not have to worry about being unable to attend!
BenchMark RealPro Pte Ltd (Highly Recommended! 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
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 should I choose my real estate agency?
First of all, a huge congrats to you! Passing the exams is a great achievement!
By now, your family and friends might have recommended you to some of the agencies they trust.
Or you might be joining some agencies due to their reputation.
But here’s a tip for your property agent career— look out for their Open House events to get a rough idea of whether it is suitable for you.
If you are looking for some qualities that an established agency should have, here are some core qualities:
- Quality Training Programs to upgrade their agents
- Top-notch Technology platform for today’s agents
- A warm and genuine family-like environment
- Ample Project opportunities for their agents
Submitting your RES application
Once decided, get an application form from your estate agency and submit your application to CEA for the ‘In-Principle Approval’ (IPA).
Approval of RES application
Within 4 to 6 weeks, you should receive a notification on your application’s approval from CEA!
You are now a legit Real Estate Salesperson!
Welcome to our industry!
This is going to be a journey that you will never forget!
Here is a final piece of advice for you: A great mentor can drastically shorten your learning curve!
P.S. Enjoy our 100% subsidized joining fees for brand new/experienced agents. Only limited slots available!
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.