Real Centre Network is an Approved Course Provider for the Real Estate Salesperson (RES) and Real Estate Agent (REA) Course by Council of Estate Agencies (CEA) in Singapore.
Real Centre Network Pte Ltd was set up with “PEOPLE” in mind. Many real estate people are knowledgeable, but are often found wanting in applying what they know. Our “Training” methods addresses that by teaching how to apply what they have learnt. What follows is “Development” into a real estate professional who is both confident and competent.
With the profession of real estate entering a new era with the formation of Council of Estate Agencies (CEA), the need for training has risen significantly, as consumers expect competent salespersons to assist in their housing decisions.
With a strong track record in conducting Common Exams for Salespersons (CES) with high-passing rates since 2008, you are in good hands in getting that pass in your Real Estate Salesperson (RES) and Real Estate Agency (REA) examinations.
Under the Estate Agents (Estate Agency Work) Regulations 2010, every KEO, practising director/partner and salesperson will be required to undertake mandatory continuing professional development (CPD) – a minimum of 6 hours learning activities each calendar year, of which at least 3 CPD hours must be on core subjects. Fulfilling CPD hours is also a renewal licensing/registration condition stipulated in the Estate Agents (Licensing and Registration) Regulations 2010. Failure to comply will affect their registration and may lead to removal from the Public Register.
The CPD requirement is to ensure that KEOs and Salespersons possess the necessary professional knowledge in estate agency work, and continuously upgrade themselves by keeping abreast of latest changes in Government policies and procedures for property transactions. CEA places important emphasis on core subjects as these help improve the professional effectiveness of KEOs and salespersons.
Under the new regulatory regime administered by the Council for Estate Agencies, the estate agency must appoint a key executive officer (KEO) who is responsible for the overall management of the business and supervision of all its salespersons. As stipulated under the Estate Agents Act 2010, the KEO has to satisfy enhanced licensing conditions including passing the CEA’s Real Estate Agency (REA) examination or have equivalent qualification. The KEO must also demonstrate to the Council for Estate Agencies (CEA) that he has put in place the proper policies and procedures for the management of the business. These are stipulated in the Code of Practice under the Estate Agents (Estate Agency Work) Regulations 2010. All practising company directors and partners are also required to pass the CEA’s Real Estate Agency (REA) examination.
The REA syllabus is prepared in the context of laws in Singapore governing real estate agency and related work and shall focus on sale and lease transactions involving private residential, HDB, commercial and industrial properties located in Singapore.
The syllabus does not include laws or regulations of other countries governing transactions of foreign properties and real estate agents are advised to be familiar of such laws or regulations when advising their clients in foreign properties transactions.
