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Res Course Singapore

A Complete Guide to Real Estate Salesperson (RES) Course 2020

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RES Course: Kickstart your real estate career

The very first step towards getting a real estate license in Singapore begins with the RES Course. If you are interested in pursuing a career in real estate and would love a detailed guide – keep on reading.

With more Singaporean pursuing their dreams of becoming a real estate agent these days, I decided to create a useful guide. Hopefully, it will be of help to aspiring real estate agents like yourself.

 

As someone who has experienced this journey myself, I know it can get a little complicated and daunting.

Hence, I will do my best in this guide to breakdown the journey into meaningful milestones and share what to take note at each stage.
There are really 8 main milestones you need to take note of:

Table of Contents

1) RES Course

What is the RES (Real Estate Salesperson) Course?

The RES course is a compulsory course mandated by regulators for all budding real estate agents to acquire the necessary industry knowledge and skills. Because the role of a real estate agent is a complex one – having to understand and comply with complicated policies, regulations and executing property transactions professionally and more – it makes sense to have a course to prepare agents for that.

As such, by making it compulsory for all agents to go through the same RES course, it helps to ensure certified Singapore real estate agents are well-equipped and qualified to serve clients with their real estate needs.

What will you learn in the RES course?

A comprehensive RES course will cover in-depth knowledge on local laws, regulations governing real estate, buying/selling /leasing of HDB flats and private/residential/commercial/industrial properties in Singapore as well as agency work and practices.

Key Objectives of the Course include:

• Understanding of real estate concepts, real estate market, the law of contract, the law of agency, planning, principals of marketing

 

• Applicable of knowledge on the handling of sale and lease of residential, commercial and industrial properties

 

• Understand and comply with relevant laws, regulations, best practices in real estate agency work

 

• Be knowledgeable about prevailing market information and government policies and regulations

 

Looking at the RES Course Syllabus breakdown you might be shocked by the sheer amount of content it covers! However, you will realize it is absolutely necessary, especially since such knowledge was not taught in our mainstream school. It is essentially a course for certification for real estate practice.

If you are truly committed to becoming a real estate agent, be prepared for the hard work and effort required to pass this course.

hdb selling price

How to sign up for the RES Course?

Still undaunted? Great! But before you get too excited and start signing up for the course, do a quick check to see if you meet these requirements:

1. At least 21 years old
2. Singaporean or Permanent Resident (PR)
3. Minimum 4 GCE ‘O’ Level passes or equivalent
4. Fulfills CEA* fit and proper criteria

* The Council for Estate Agencies is that the agency that regulates Singapore’s land agency industry. If you answered yes to all or any of the above, congratulations! You can move on to the next step – selecting a CEA Approved Course Provider to take the course with.

If you answered no to any of the above, I am sorry to say that your journey ends here – unless if its the age requirement, then apply again when you are 21 years old.

CEA has clearly noted that only courses provided by CEA Approved Course Providers will be recognized for licensing/registration purposes, so do make sure you select the right course provider.

Use the link above to be extra safe! Course duration varies from 4 weeks to 2 months depending if its part-time or full-time courses. Do your due diligence and pick one that suits your needs.

2) RES Examinations

res course 2020

Register for RES Exams

Worked hard and completed your RES course with at least 75% attendance? Congratulations! You will receive a Certificate of RES Course Completion that features a validity of two years for the aim of determining eligibility to require the RES examination.

What this means is that you need to make sure you take your RES examinations within 2 years. If not, you have to retake the course again for eligibility to take the examinations. Please don’t waste your efforts like that.

If you are all confident, you can proceed to register for the RES Exams via the SEAMO Regional Language Centre (RELC) website. The exams are held 3 times a year in February, June and October – so do make sure you register at least 2 months prior to the exam dates (check them here).

res schedule 2020

RES Exam - Things to take note of

Worried about the exams? Here are some belongings you should know which will be helpful.

The RES Examination includes 2 papers (Paper 1 and Paper 2) in the following format:

• Section A : 50 MCQs (50 marks)
• Section B : 15 MCQs with reference to 1 or 2 Case Studies (30 marks)
• Section C : 10 Fill-in-the-blank Short Answer Questions (20 marks)

Each paper is approximately 2.5 hours.

Paper 1 tests you on:

Competency Unit 1 comprising of “Real Estate Agency Industry Overview and Basic Land Law Concepts”

Competency Unit 2 comprising of “Dealings with Interests in Land”

Paper 2 tests you on:

Competency Unit 3 comprising of “Regulation of Real-Estate Agency Industry and Real-Estate Marketing”

Competency Unit 4 comprising of “Property Transactions”

RES exam topic (2020)

RES Exam Topics

RES Exams Results Notification

The Exam Administrator will notify you of your results. Candidates who have passed one paper* are allowed to retake the examination in modular sitting.

The exams results are going to be in one of the formats:

Pass (P)
Fail (F)
Pass Paper 1; Fail Paper 2 (P1 F2)
Fail Paper 1; Pass Paper 2 (F1 P2)

Exam results are typically released around 4-6 weeks after the exams are held. To obtain a license, you must pass BOTH papers (>60%). Should you only pass 1 of the 2 papers, you have to retake the failed paper within the 2 year validity period. Else, you will have to retake both the course and the examinations again. Imagine the hassle.

In the case you think the results are not right, you may submit an appeal to review your paper, within 5 working days from the date of the notification of examination results (subject to a non-refundable fee).

3) RES Course Fees

As previously shared, there are various CEA Approved Course Providers who offer courses ranging from $650 to $784. Read up and make your own comparisons on which provider offers you the best value for your money.

Most of these courses are SkillsFuture claimable and available for UTAP subsidies, so do make sure to check if you are eligible. It will save you some out-of-pocket expenses.

4) RES Examination Fees

The RES Exam fees costs $417.30 (for both Paper 1 and 2). Should you need to retake one paper due to a failure, it will cost $235.40 for the re-test.

5) Real Estate Salesperson Registration Fee

To register as a new salesperson, you will need to fork out $53.50. Separately, you also need to make payment for annual CEA registration fees of $230.

6) Other Miscellaneous Fees

From professional indemnity insurance to agency admin fees, a newly licensed real estate agent can expect to spend approximately $500 to $1000 on various miscellaneous fees.

7) Recommended CEA approved RES Course providers (2020)

There are many training centres and just in case you’re wondering which RES course provider to sign up for, this list are going to be helpful .

If you stay in central areas, BenchMark RealPro and Real Centre Network are recommended choices!

If you stay within the west, head to Pioneer Training & Consultancy.

If you’re an East sider, head to Singapore Estate Agents Association.

Each school has different RES course schedules to suit busy working adults or parents alike with courses like weekends only, Saturdays only, specific weekday nights and express classes.

 

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.

 

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

 

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)

8) CEA Registration

Top property agent singapore

Hurray, you have cleared both your RES course and examination milestones. The last but not least milestone to clear is CEA registration.

This basically means you need to approach a licensed estate agent to submit a salesperson registration application to CEA.

1. Estate agent (Your Agency) submits salesperson registration application
2. Registering salesperson (you) will login to CEA’s e-services to complete the application
3. Approval (after 4-6 weeks)

Conclusion

Ready to kick-start your real estate career?

Feeling all ready to take the first step towards your dream of being a first-class real estate agent today? I sure hope this guide will be useful in guiding you on your journey towards the fulfilment of your dream.

If you have any questions or queries about the process, do feel free to contact me at [Rick Huang, 93694797] to consult a friendly senior in the industry 🙂

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Self Introduction

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Rick Huang, Associate Deputy Group Director of OrangeTee & Tie, has been in the Real Estate industry for a decade.

He is driven, committed and is enthusiastic about real estate investments.

Today, he leads Team Youhome.sg, and together, he aims to provide his clients with the best experience in their property journey.

The team focuses on understanding the client’s finances and needs and is determined about delivering the best solutions and results for them.

Amidst the hustle and bustle, Rick enjoys quiet time and indulge himself in the intricate art of tea-brewing and teapot appreciation.

He would also take this chance to energize himself and reflect on his personal development and areas of improvement.

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As a investor interested in taking advantage of the booming property market in Singapore, I needed a realtor with in-depth knowledge of the local market. Using his understanding of the various sectors of the market, Rick generated a investment progression report and we decided to buy a condominium in a choice area with huge potential for multiple returns in the future. Thanks Rick, I will definitely be doing business with you for a long time!
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I am writing in to compliment Rick Huang for his invaluable service, for the sale of my Esparina Residences. The process was complicated but he was able to empathize with my situation and also provide brilliant advices that ensue the smooth transaction. In all, I am appreciative with his professionalism and human touch in this journey. Thank you!
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I was sceptical about engaging a friend to sell our house. However, Rick has put himself out on so many levels just to ensure everything went smoothly, promptly and correctly at every stage. I trust Rick and would surely recommend him to anybody seeking to buy or sell a home! I do not usually post reviews but this is worth investing my time. Thanks once again..
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My husband and I started our home-search by ourselves but was met with issues soon enough as we were unsure of the important things and areas to look out for and we were also not experienced in the negotiation process with the seller’s representing agent. Soon after hearing our problems, I was introduced to Rick by a friend. The entire buying process quickly became swift and smooth; Rick understands our needs, puts our personal interest first, seals us a good deal and educated us along the way about the important things and areas to pay attention to. Thumbs up to Rick and we will recommend him to anyone for their home-search
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"In short, Rick did an amazing job. He sold our house at a higher than initially discussed price and got us a good deal for our purchase. Both my wife and I are impressed with his professional yet friendly approach. We will definitely work with him again and recommend him to anyone."
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Rick is a very down to earth person. No hard sell or pushy technique. He helped us in planning for upgrade and showing us how to invest in property with in depth property analysis report.
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