How to obtain a Real Estate Agency License

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How to obtain a Real Estate Agency License

• The real estate industry is a highly
  profitable business sector in Singapore. If you
  start a real estate agency in the country and
  perform your daily job well, you will be able to
  enjoy good returns. There are certain
  requirements that need to be met in order obtain
  a real estate agency license in the country. The
  license is provided by the Council for Estate
  Agencies in the country after considering various
  factors. The company has to be registered in
  Singapore as a private firm, sole-proprietorship,
  or partnership company.

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• The company should appoint one person as the
  Key Executive Officer and this person should not
  be listed as a defaulter in the country. The KEO
  should have completed one or the other course
  related to the real estate industry. Passing the
  course for RES Singapore or any others approved
  by the Council for Estate Agencies is mandatory.
  The KEO should not be part of any other real
  estate firm or should be a partner or owner of
  the firm. The person should also have at least 3
  years of experience working with another real
  estate agency that has a license in the country.

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• The real estate agency must not be
  functioning in the country as a money-lending
  agency under any circumstances. The company
  should conduct training sessions to all the real
  estate agents hired. The company should also make
  sure that the candidates hired by the company are
  done in compliance with the rules stipulated by
  the CEA. All the candidates should have completed
  the authorized RES course from a CEA approved
  institute. The candidate should be over 21 years
  of age and should not be the owner or KEO of
  another real estate agency in the country. The
  real estate agent hired by the agency should also
  possess a Professional Indemnity Insurance with a
  validity of at least one year. Even though the
  person has completed the REScourse or equivalent,
  the candidate should be provided with adequate
  trainings from time to time.

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• The application process for the real estate
  agency license can be completed without much
  hassle once these factors are understood. The
  application form has to be duly filled and
  submitted only by the KEO. The annual license fee
  would be between SGD300 and SGD3000 and this
  depends on the number of real estate agents
  working for the company. The fee for renewing the
  license would be SGD107 and should be paid every
  year.

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CONTACT US
Pioneer Training Consultancy Pte Ltd RES
Registration Office Blk 134 Jurong Gateway
Road03-309P S(600134) Phone 65 6462
6093 Fax      [phone] H/P      65 9424
3483 Email  pioneertc_at_gmail.com Website
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Friday 9.30am - 5.00pm   Visit us3 minutes walk
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