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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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How to obtain a Real Estate Agency License

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  1. 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. .

  2. 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. .

  3. 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. .

  4. 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. .

  5. CONTACT US Pioneer Training & Consultancy Pte Ltd RES Registration Office Blk 134 Jurong Gateway Road#03-309P S(600134) Phone: +65 6462 6093 Fax:      +65 6569 0120 H/P:      +65 9424 3483 Email:  pioneertc@gmail.com Website: www.pioneertraining.org Office Hours Monday to Friday: 9.30am - 5.00pm Visit us3 minutes walk from Jurong East MRT Station. (Next to Jcube)

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