7 Answers

askguru expert
Hi AgentToBe, thanks for writing to us on AskGuru.

How much a new property agent makes in a month varies from agent to agent. An agent's work is not for the faint-hearted as your income stream is not constant unlike being an employee of a company. On some months you may make up to a five figure income and on some, even less. For starters, most agents start off doing rentals as the commission is immediate. This will help tide you through as your commission from a property sales may take between 3 to 6 months. In some cases, even longer. The property market is cyclical so you may ride it during the boom time but you may also suffer a drop in income during the downturn. You must also take into consideration the worst case scenario if a client ends up not paying your commission. These are some of the harsh realities of being an agent.

If the commission to sell a property is 1%, your commission depends on the scheme you have with your chosen real estate agency. Usually, new comers will get 70% of this while the agency takes 30%. Experienced agents can get up to 90% of this commission.

It is quite similar. When you join a team leader, he get his overiding commission from any of your closings. That is why some agents are eager to recruit. When choosing a mentor, choose one who can really guide you and be there for you as the property market is ever changing and is filled with many challenges.

The Council for Estate Agencies (CEA) requires all property agents to enrol in the compulsory Real Estate Salesperson (RES) Course and then pass the RES examinations. You will be given a 2-year period to pass the examinations. The courses are provided for by several private training bodies. On top of that, you must be at least 21-years-old, possesses the prescribed educational qualifications (a minimum of 4 GCE O’Level passes or equivalent) or experience, will be or is employed by a licensed real estate agency as a salesperson and you do not hold a licence as any other real estate agency. You must also not hold or is an employee, a director or a partner of a person who holds a moneylender’s licence. Lastly, you must comply with requirements including continuing education (such as taking up compulsory courses to renew your licence).

Once you have passed your RES courses and examinations, you may wish to join any real estate agencies in Singapore. Do note that you cannot conduct any real estate agency work without a licence. All salespersons will have to be registered by the CEA. Anyone who contravenes the Estate Agents Act shall be guilty of an offence and liable on conviction to a fine up to $25,000 or to an imprisonment of up to a year.

Hope this answers your question.

Best Regards,

Team PropertyGuru Read More

0

Geryl Lim
Dear AgentToBe,

As a real estate salesperson, we have no fixed salary, unless you are on a special scheme which are offered by some agencies where fixed base salary is given.

Some fresh salesperson earn $0 for first few months while others can earn as much as more than $10k/mth.

The important thing as a fresh salesperson, should you have totally no idea where and how to get started is to join a team which has various system in place to support your growth and development. Do bear in mind that in order to groom you, the respective manager maybe jeopardising his own sales results to develop you and subsequently you are likely to be his competitor in the market.

At ECG Property, we have various systems in place to assist fresh salesperson to kickstart their career. 1 example is the ECG Landed Dynamic Alliance, where we focus on the sales and purchase of landed property. We have various tiers in place for your career path to grow. If you are keen to listen to what this dynamic system is all about, please let me know and we can meet up sometime over coffee for discussion.

Regards,
Geryl LIM
Real Estate Consultant
CEA Reg R014783H
Mobile: +65-81577565
Email: lim.geryl@yahoo.com.sg Read More

0

Catherine PANG
It is important to identify a 'coach' that can learn and earn. At the same time, there should be activities and system for all types of salesperson to embark the business.
www.catherinepang.com Read More

0

J.A. Goh 吴永益
Dear AgentToBe,

If you free, most welcome for a chat with me at our Toa Payoh office. I can clear all your doubts and bring you to tour our building. You will be able to know what we can offer you, and how I can coach new agents along.

No obligation if you decided not to join me. More of experience sharing for you.

Please feel free to drop me an email or call me directly for a non-obligation discussion, if you still have further questions. Alternatively, we can also meet up to discuss
at your convenient time and place.

Thank you & Best Regards
J.A.Goh
HP: 9639 0350
ERA Senior Marketing Director
CEA Reg No. R025894Z
CEA License No. L3002382K
www.gohjaERA.myweb.sg
Email: gohja@singnet.com.sg Read More

0

Michael Wong
Hello

The basic criteria to be eligible is -
1. min 21 yrs old
2. Must have 4 ‘O' level passes.

Then, you will need to register at the Council for Estate Agencies (CEA)and enrol for the new council course provider & exam, Real Estate Salesperson (RES) (and pass the exam).
REA - The exam for agent keen to set his own agency.
RES - The exam for agent planning to be salesperson.

CES Course Fees $834.60 w/ GST
Exam Fees $246.10 w/ GST

CEA Registration Fee $230.00 + $50w/GST

Professional Indemnity & Public Liability Insurance-
Name cards and Tag

Then, you may join any agency of your choice.

Check their website out: www.cea.gov.sg

Alternatively, if you do not possess 4 ‘O' level passes, you have to take and pass a test, called - WPLN (Workplace Literacy & Numeric skills) conducted by WDA (Workforce Development Agency) before you can register for the RES course, conducted by CEA. Once you've passed RES, you may join any agency of ur choice.

Here's a quick intro on my team :

My team and DTZ have a very systematic way of training our associates. We have a track record of producing many Top Producers, Top Managers and Top Rookies at DTZ. Your initial phase of learning is very important. Don't make the mistake of joining the wrong team. Mentorship and training can make or break a property agent's career. Don't compromise on that! Join a reputable company with a reputable team! DTZ is a company which has upheld its reputation for years too!

Today, we would like to invite you to meet us at DTZ Debenham Tie Leung (SEA) Pte Ltd for a fulfilling and promising career opportunity. At DTZ, we are constantly on the lookout for enthusiastic and prospective individuals and real estate agents to come & join us for new & exciting opportunities. We have many interesting projects lined up for you to explore & experience with fantastic commissions for the motivated people who aim to achieve!

If you are keen to meet up, please feel free to contact me at my mobile and email listed below to arrange for a confidential, no-obligation discussion at your own convenience. Alternatively, leave me your name, contact no and email address and I shall get intouch with you soon.

Good luck & Cheers! :)

Best Regards,
Michael Wong
DTZ, Debenham Tie Leung (SEA) Pte Ltd
Vice President, Resale Division
H/P: 97393418
Email: michaelwong68@gmail.com

"Success only comes to those who aim to achieve and have the will to win"! Read More

0

Jayson Ang
Hi Aspiring Realtor,

Valid Points and Questions being raised here!

Just to share with you, there is a lot more pathways and growth to add on to your stream of income apart for personal sales

Here in Huttons, we provide ample opportunities for driven individuals who wishes to soar greater heights

For eg. being Project In-Charge, Team Building and much much more!

If you're keen to leveraging our growth platform, give me a buzz now!

Send me an email now!
join@huttons.asia

Join Us Onboard Now!

Jayson ANG
Associate Senior Marketing Director
Huttons International
CEA R052477A
+65 91898321
Email : join@huttons.asia
Web : http://huttons.asia

My Personal Track Record
Huttons Top #2/3000 Producer for International Project Sales
Huttons Top #14/3000 Producer 2015 - Annual

2016 Huttons Top #10/3000 Producer - Monthly
Jan, Mar

2015 Huttons Top #10/3000 Producer - Monthly
Feb, Mar, Apr, May, Jun, Jul, Aug, Oct

Huttons Top 1 Project Assist - Monthly
Feb, June 2015

My Team Track Record & Testimonials
"Part Time New Recruit Earned 7K as extra pocket money while with Full Time Corporate Job"
"Part Time New Recruit Generated 5 Quality Leads per week - consistently"
“Full Time New Recruit Clinched Huttons Top Producer Award for 4 months in 2015"
"Part Time New Joiner got Promoted to Associate Marketing Manager within 3 months"
“Part Time New Joiners Clinched Huttons Top Producer Award within 5 months of Joining in 2016" Read More

0

Alvin Tay
Hi Up and Coming Realtor,

In this challenging Market, You would need to be able to stand out as compare to the rest of the agents.

One Method would be Online Marketing which would be my Personal Forte.

Join me for a cup of coffee and i will share with you how to get your personal website at almost zero cost (Typical Website Creation Cost around 2k-3k) and also answer to your question.

Sample website - http://www.propertyfactsheet.com/

To further find out more on how Huttons would complement your existing lifestyle, give me a ring or check out my website below!

Mobile:+65-91259978

http://www.careerwithhuttons.com/

Send me an email now!
alvintay.huttons@gmail.com

Join Us Onboard Now!

Alvin Tay
Associate Marketing Director
Huttons International
CEA R050368E
+65 91259978 Read More

0