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Getting your RES License
01 October 2014
What Do You Need to Become a Real Estate Salesperson in Singapore? Decided that a career as a real estate agent might be for you but do not know where to start? Here are some tips that would hopefully help.Key Requirements There are some requirements that must be met before you can start the process of becoming a real estate agent. The most important ones are that you have to be… -At least 21 years of age -A citizen or PR of Singapore -Have attained a pass in at least four GCE O-Level subjects or the equivalent With the above, you can now start focusing on attaining your Council for Estate Agent (CEA) license. This license effectively allows you to be an official real estate agent. Becoming an official real estate agent As mentioned, you will need to attain a CEA license to officially become a real estate agent. This entails a number of qualifications like: -Go through the Real Estate Salesperson (RES) Course conducted by a CEA Approved Course Provider -Apply for (and of course passing) the RES Exam -Submit your application to be a real estate agent to CEA through a licensed estate agency within 2 years from the month of passing the RES Exam The above mentioned course and examination fees will come up to between $200 and $300. Also, you can only be licensed through one real estate agency. Thus it is extremely important that you choose the right agency and team to join. There are agencies that will help pay for the qualifications when you sign up to them. However, you will usually need to pay a certain amount of time back to cover those costs. The Personal Skill Sets Required Working as a real estate agent can be hard work. While there are benefits of no limit to your income and being able to be your own boss, you will need to be able to handle the type of work. You will not necessarily have a nine-to-five lifestyle; you could have to work weekends and evenings depending on your clients’ needs. While you will not have the higher risks of losing your job due to cuts, it is still an uncertain world. There are times that people simply don’t want to buy and this is common with a poor economy. Buyers would rather save their money in case they need it instead of tying their funds into property. This makes life much harder for you. |