How to become a Real Estate Salesperson (RES)?
The terms RES and Property Agent are synonymous.
To apply for Salesperson Registration, follow these steps:
1. Salesperson Registration Application
Individuals who wish to join the industry as a salesperson must fulfil the prevailing registration criteria, which include passing the Real Estate Salesperson examination, and approach a licensed estate agent to submit a salesperson registration application to Council for Estate Agencies (CEA). Refer to Step 2 below for the registration criteria for salespersons.
Estate agents will need to submit the salesperson registration application request via CEA’s e-services. The registering salesperson will have to log in to CEA’s e-services to complete the application after receiving an auto generated email from CEA.
Notably, salespersons are not allowed to join more than one estate agent at a time. CEA will take approximately 4 to 6 weeks to approve an application from the date of receiving the application and all the required supporting documents. Upon approval, CEA will send a notification to both the estate agent and the registering salesperson.
2. Registration Criteria for Salespersons
The criteria for salesperson registration are as follows:
i. Must be a Singaporean or a Singapore Permanent Resident (SPR) for over 10 years.
ii. Must be at least 21 years old.
iii. Must have a minimum of 4 GCE 'O' Level passes or equivalent.
iv. Possess a pass in the Real Estate Salesperson (RES) examination or equivalent.
v. After attaining iv), be registered with CEA through one licensed estate agent.
vi. Must not be an existing licensee/Key Executive Officer of another licensed estate agent
vii. Must not hold a moneylender's licence and not be an employee, director, or partner of a licensed moneylender
viii. (Applicable only for returning and renewing salespersons) Complete at least 6 credit hours of continuing professional development (CPD) (PDF,851KB) courses for each CPD cycle.
ix. Must be covered by a Professional Indemnity Insurance valid for at least one year from the commencement date of the registration
x. Must not be in arrears with the Central Provident Fund (CPF) Board for Medisave contribution.
xi. Fulfil the fit and proper criteria under the Estate Agents Act
The application fee to register a new salesperson and to renew the registration of a salesperson is $53.50 (inclusive of GST) and the annual registration fee per salesperson is:
Salesperson Registration granted for (Registration Fee (excluding GST)):
a. A full calendar year, or part of a calendar year starting on or before 30 June and ending on 31 December ($230).
b. Part of a calendar year starting after 30 June and ending on 31 December ($115).
The above information is extracted from the CEA website. Check it out here!
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The above information are correct as on the date of listing. While every reasonable effort has been taken, errors may still arise. The author and publisher shall not be liable for any printing error, typo error or mistake.