3) Identify your target demographic for your marketing plan

Greetings!

Would you like to become a property agent in Singapore?

Choose the right people to surround yourself with

Your parents, relatives, or friends might be introducing you to the world of real estate while you’re in school. You might even be considering switching careers because of financial reasons or for freedom reasons among many other great reasons for getting into real estate.

In any case, welcome! 

It takes much more grit and determination to become a real estate agent today than in the past, in addition to attending intensive training sessions and studying for exams.

A WORLD of opportunities awaits you once you do! 

My career in real estate started when I was 29 years old, and I invested in private properties by my early 30s, started several real estate related businesses, and created passive income streams from multiple sources by the time I was 30 years old.

The real estate business is unlike anything else I’ve ever encountered. There is no doubt this is one of the most costly products you will ever buy in your lifetime, and it has the possibility to determine the outcome of your retirement.

There are many skill sets that are difficult to concentrate on in a typical company, such as financial, investment, marketing, negotiations, and business. People from all walks of life you meet at this event could open your eyes to many possibilities you hadn’t considered before. 

In addition, unlike many other companies, it is relatively easy to start. Therefore, let’s leave all that for another day, and let’s begin with what you need.

A licensed real estate agent must join a real estate agency after he or she is registered with the government. Your name will appear on the public register on CEA.gov.sg.

Course for Real Estate Salespersons (RES) 2022

Do Singapore property agents have to pay a license fee?

Here are the costs you will need to plan for before you earn your real estate agent license:

  1. This course is for real estate salespeople (RES):

I will list a few of the better RES course providers later in this article, but RES courses generally range from $650-800.

  • NTUC members’ RES Exams can be subsidized by UTAP for up to $250 if they are below 40 years old.
  • Higher funding support of up to $500 is available for NTUC members who are 40 or above.
  • Up to $500 of SkillsFuture credit can be used by Singaporeans and Permanent Residents 25 and older.

MATTERS RELATING TO UTAP

The website for skill upgrades is http://skillsupgrade.ntuc.org.sg

Please contact UTAP at e2i.com.sg

Hotline for NTUC memberships: 6213-8008

We are open from 9:00 am to 5:30 pm, Monday through Friday, and from 9:00 am to 12:30 pm on Saturday

  1. Exams for RES:
  • The total cost for both papers is $417.30 (including GST).
  • The retake fee for each paper is $235.40, GST included.

Once you have passed the exams, you will normally attend an event that will introduce you to an agency that specializes in real estate.

The joining fee typically consists of:

  • Fees: $53.50 for Salesperson Registration + $230 for the CEA fees annually = $283.50
  • An insurance policy covering professional indemnity costs $120
  • Admin fees were charged by the agency for name cards, ID tags, and starting up courses: $300-500.

RES Course topics include what?

RES Courses are offered only by CEA-approved providers since 2010. In this course you will gain an understanding of the rules and regulations governing property agents’ work and practices, as well as Singapore’s laws and guidelines regarding renting, buying, and selling housing units in the public sector, private apartments, and condominiums, as well as commercial business spaces.

There are so many different areas covered in RES courses that even experienced agents can’t fully recall all the material. Having said that, if you decide to begin, be prepared to spend a lot of time revising and be determined if you want to pass.

Anecdotally, it appears that between 20-30% of test takers pass. If you need help passing your RES exam, you can take advantage of our free revision sessions.

Attendee requirements for RES courses:

  • A minimum age of 21 is required
  • Resident of Singapore or Singaporean
  • You must have at least 4 GCE ‘O’ levels or equivalents (WPLN)
  • Meeting CEA criteria for fit and proper

Exam dates for Real Estate Salespersons (RES) in 2022

CEA’s appointed examination administrator, NTUC LearningHub Pte Ltd, will administer the RES examination after you complete the RES course. You must pass both RES exam papers to register for the exam. A student takes exams three times a year, in February/March, June, and October.

You should sign up at least two months before the event, as registration closes 1-2 months before the event.

LHub Pte Ltd (NTUC LearningHub)

The address is: 
Building NTUC Trade Union (NTUC)

The address is 73 Bras Basah Road, #12-01

 The Singaporean Code is 189556

Examining location:

Management Institute of Singapore (SIM HQ)

 

If you complete your RES course between 22 February 2018 and 30 April 2020, the CEA will extend the validity period of your certificate by one year. This will provide ample time for you to sit RES exams in the future.

The following criteria must be met to qualify for the exam:

The following are the requirements for exam candidates:

  • Attendance of a minimum of 75% in the RES course is a requirement for the award “Certification of RES course completion.”

Format of the exam:

Each paper takes 2 12 hours to complete

The first and second papers:

  • Section A: Each multiple choice question is worth one mark (section A)
  • Section B: 15 short-answer questions accompanied by one or two case studies – each worth two marks
  • Section C: You will be required to complete 10 short answer questions (SAQs) worth 2 marks each

Results of the examination:

  • CEA must review all papers with a 60% passing mark.
  • Exam administrators will contact you with your results.
  • After the Certificate of Completion of RES Course is issued, CEA stipulates that both papers must be passed within two years.
  • You will only have to retake the specific paper you did not pass at the end of the previous exam if you do not pass either one.
  • It will be necessary for you to retake the course and take both exams again if you do not pass both papers within the 2 year timeframe. That hurts!

When do the results of the RES Examination become available?

After the RES Examinations are conducted, the results will be released after 4 to 6 weeks.

 

Results of the RES exam appealed

By submitting an appeal through the NTUC Learning Hub, you can request a review of your exam papers if you believe that you should have passed. Within 5 working days of the notification of examination results, the CEA’s appointed examination administrator must be notified of the results.

 

For the review of each examination paper, a nonrefundable fee of $64.20 is charged (including GST).

 

Request for postponement of examination

NTUC LearningHub will charge an admin fee of $107 for each deferment, regardless of whether the deferment is due to COVID or other legitimate reasons such as NS call up or bereavement. The admin fee is nonrefundable.

 

Applicants must submit an application on https://res.ntuclearninghub.com within 5 working days of the exam date.

 

Foreigners and aspirant property agents should note:

You do not automatically become a real estate salesperson after taking the RES Course and passing the RES examination. According to the Estate Agents Act, you must satisfy the fit and proper requirements in order to register as an agent.

 

Before you register for the RES Course, make sure you review CEA’s complete list of registration requirements. This will prevent you from getting a nasty surprise after passing the exams. 

 

The Ministry of Manpower (MOM) issues Employment Passes (EP) to foreign nationals who wish to register with CEA as salespersons. A real estate agency will then be required to support your application for registration, which will then be reviewed by CEA.

 

A letter of sponsorship from your estate agency is required to register for the RES Course. Even students who are enrolled in the course simply to learn are strictly monitored.

Recommendations for RES Courses in 2022

I have heard good things about many of the new property agents who have joined us who are in need of RES courses. If you are wondering which RES course provider to choose, then this list may be of assistance since I have heard many good things about these providers.

 

The best choices are Hastor and Real Centre Network if you reside in central areas. Go to Pioneer Training & Consultancy if you are staying in the west. Go to Singapore Estate Agents Association if you live on the East Side.

 

There are several real estate schools that offer different RES course schedules in order to fit the schedules of busy working adults and working parents. Courses may be offered on the weekend, on Saturdays, on specific weeknights, or express classes.

 

Here are the details:

 

Hastor Property Services

Website: www.hastor.com.sg

Tel: 62522802

Email: Training@hastor.sg

Venue: 190 Lorong 6 Toa Payoh #02-514, Toa Payoh Central,

Singapore 310190

(Located above KFC, please use the stairs beside KFC and go up to Level 2)

Institute of Estate Agents 

Website: www.iea.sg

Tel No: 6323 1770

Email: courses@iea.sg

Venue: 480 Lorong 6 Toa Payoh #07-01 HDB Hub East Wing Singapore 310480

Pioneer Training & Consultancy Pte Ltd 

Website: www.pioneertraining.org

Tel No: 6462 6093 / 9424 3483

Email: pioneertc@gmail.com 

Venue: Blk 134 Jurong Gateway Road #03-309P Singapore 600134

Real Centre Network Pte Ltd 

Website: www.realcentrenetwork.com

Tel No: 6511 3009

Email: info@realcentrenetwork.com

Venue: 490 Lorong 6 Toa Payoh #09-16 HDB Hub Biz 3 Singapore 310490 

*Update: RCN now has branches in Tampines and Jurong too.

 

Singapore Estate Agents Association

Website: www.seaa.org.sg

Tel No: 6702 1602 Email: edu@seaa.org.sg

Venue: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051 (Office Lift Lobby 1) 

BenchMark RealPro Pte Ltd

Website: https://www.benchmarkrealpro.com

Tel: 67355860 / 67355861

Email: benchmarkrealpro@gmail.com

Venue: 151 Chin Swee Road #03-31 Manhattan House Singapore 169876.

Comparing RES courses

Would you like to find out what RES course providers or types would benefit you most?

How much is the cheapest of them all? There are different schedules and lengths of courses to suit different individuals, but they all meet the CEA’s criteria.

Revision classes for RES exams

Have trouble understanding the topics of Paper 1 or 2 of your RES course?

Learn how to handle the RES exam formats and questions fluently and improve your RES exam scores by participating in our FREE RES Exam Revision Classes with fellow RES students and mentors who have already passed their RES. 

You can pass your exams with flying colors by receiving access to thousands of mock exam questions.

Where Should You Work as a Real Estate Agent?

You should be proud of yourself if you passed your exams. You did an excellent job. Now that you have studied your options, you should be able to join the best real estate company.

Lastly, you should do the following:

Registration of Salespersons

Fill out the CEA application form for ‘In-Principle Approval’ (IPA) and submit to your real estate agency.

Registration by CEA approved

CEA should notify you of its approval within 4-6 weeks. Congrats! Thank you for registering with CEA. Your registration has been confirmed. It’s time for you to begin your career in real estate. Its from different real estate agencies in beautiful Singapore

A Career Pathway for PropNex

You’ll begin your career with PropNex as a salesperson, developing into a rewarding leader or manager. You have the freedom to follow your passions in real estate.

There are multiple paths to success in real estate, including sales roles, leadership positions, team-building and training roles, and a hybrid of both.

Brokering property transactions is the main source of your income if you focus on sales. Leading means you will earn income by building and mentoring agents, and managing projects and/or businesses.

You can reach your financial goals earlier by taking advantage of PropNex’ multi-tiered overriding fees, profit sharing incentives, and attractive commission structures that stand out from the competition.

Interested in a mentorship program to accelerate your career development? Mr. Lawrence Lee and his team leaders are offering one 30-minute career consultation for free. 

Let’s arrange a meeting right now. If you would like to attend our next recruitment seminar, send me a WhatsApp message.

Read about possible career paths when you embark on a real estate career

ABOUT MYSELF AND WHY I WOULD LIKE TO MEET YOU

In my younger days, I signed on as a Police officer when I turned 19, I took up part time degree and with much grit, I went on to do a MBA. 

Back then, the salary of a Police officer is not high and it was difficult to own a 4 room flat. 

 

I eventually resigned from the Police force and started looking for jobs in MNCs, but even with my MBA, I wasn’t able to find a job due to the lack of relevant experience. 

When I was at a crossroad in life, I jumped into read estate industry. 

 

Over the years, some of my colleagues I know are able to achieve 1million commission, and some are able to hit above $500k commission a year, yet there I was struggling to make enough to pay off my monthly instalment and bills. I met many colleagues in the who are also very lost, struggling to make ends meet. 

I was stuck in this low cycle for a decade and I almost gave up in this industry too. 

 

But I was determined to find ways to succeed and I know I needed to find ways to digitalise my property business. However, it was not as simple and straightforward because I got too overwhelmed with a lot of info. 

It took me 3-5 years and burnt over 6-figures on digital marketing courses and to trial and error the different digital marketing platforms. 

 

After failing multiple times and falling into disappointments, I finally discovered a 5-steps automated prospecting framework to digitalise my marketing system. 

This framework has generated high quality leads for me and my team every month consistently at a low marketing cost of 15%. 

I name this system “SENSE”. Thanks to this SENSE framework, my team and I have consistently generated more than 600K commission within 12 months. 

 

If you are struggling to bring your property business to the digital arena or have much difficulty engaging your leads towards successful conversion. I would like to invite you for a 1-to-1 coffee session with you on how you can have a consistent quality leads generated every month. Through my 5-step Sense framework, I can guarantee you a stable closing rate. This is how I managed to have my breakthrough.

Click the link below to fix a coffee session with the team to find out more today!

lawrence-lee-group-digital-res

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