How tough/easier is buying a property in Singapore

No matter in which part of world you are, buying a property is not an easy task. You need to make sure that the deal you are going to make is a legitimate one. You can do this by getting some exclusive information from your real estate agent and from the neighborhood. Thus, it is vital to get associated with a competent and reliable RES (Real Estate Salesperson).

Once an agent shortlists some of the properties and seeks your approval, you are expected to make few short trips to the site and people linked with it. These trips are meant to ensure that you get familiar with the interior and exterior of the house building and the fixtures of the prospective property. This also ensures that you are satisfied with the property details before giving your final consent. Buying an immovable property is a long time investment, and you need to be fully sure that you are making a wise decision and are happy with your deal. Thus, you should inspect the prospective property closely noting all the details and clear all your doubts with the concerned RES Singapore before finally signing the option to purchase.

Buyer’s Stamp Duty (BSD) on and after 22^nd February 2014

BSD is based on the purchase amount of market value, whichever is higher

Purchase amount or Market Value, whichever is higher	BSD Rates
For the first $180,000	BSD is 1%
For the next $180,000	BSD is 2%
Subsequent (Remainder) Amount	BSD is 3%

For example if a property is purchased at $2,000,000. And this is reflective of its market value, then the BSD is calculated as follows

• ·         For the first $180,000 the BSD is 1% of 180,000 = $1800
• ·         For the next $180,000 the BSD is 2% of 180,000 = $3600
• ·         For the remaining $1,640,000 BSD is 3% of 1,640,000 = $49,200

Thus total BSD payable is $1800 + $3600 + $49,200 = $ 54, 600

As a purchaser, other than the property cost you are required to pay BSD and bear other expenditures viz. legal cost and one-time fee of the solicitor. If you are interested to take a bank loan, you should know that banks usually allow loans up to the 70% of the property price; thus, you should be ready with at least 30% equity along with other expenditures to purchase a property in Singapore.

Expats interested to buy properties in Singapore should know that foreigners can now purchase non-condominium developments of less than six levels. Additional BSD is applicable for foreigners buying property in Singapore. For buying land, landed properties, semi detached and terrace houses, foreign nationals should seek a prior approval from Singapore Land Authority.

As per prevalent norms, all new real estate salesperson in Singapore are required to pursue RES course and pass the RES exam before getting their license. This has increased the proficiency and reliability in the real estate business in Singapore in recent years.

How to enjoy a good career in Singapore real estate industry

In order to enjoy a good career after completing your studies in Singapore, you need to stay focused and understand the market status. The real estate industry is one of the most sought after career markets in the country. Since people in the country require different kind of properties to serve their various personal and business needs, the real estate industry is on the profitable side. This would remain to stay the same for years to come because people would require places to stay and office buildings to run their businesses. Now, how to enjoy a good career in Singapore real estate industry? Here are some of the important points that would answer the query.

Understanding the market

You have to be fully aware of the real estate market in order to start your career in the industry. You need to understand the key factors related to the real estate industry in Singapore and understand the most sought after property types during the time. The trends keep changing and you need to keep analyzing the changes that occur in the market. Before you take up the license course real estate, it would be ideal to understand the functions of a real estate agency. Try to get details related to the functions carried out by the real estate salespersons in the market. This will help you with the course as well as your career.

Completing the course

After understanding the job requirements and market needs, you should undergo real estate sales training from a reputed institute. If you want to enjoy a career as a salesperson in the industry, you will have to complete the CEA approved real estate licence course. This has to be completed from an approved institute after which you have to appear for an exam. The exam consists of two papers and you need to obtain pass mark for both the papers in order to earn the real estate salesperson license. The course will help you to understand details about the industry and will also help you with your daily tasks when you start your career. You will also be able to understand all the details related to the laws and regulations involved in property sales in Singapore. You will also be able to understand completely about the documentation processes involved in closing a real estate deal. All these will help in shaping your career in the real estate market.

Keeping eyes and ears open

Once you successfully complete the RES course, you need to be vigilant every day. You need to keep your eyes and ears open all the time in order to identify the real estate deals in the country. If you come across a property that is out up for sale, you should immediately jot down all possible details related to the property. This will help you to provide an extra option to your next clients who visit you for a similar property to the one that you had made a note of. When you keep updating your property catalogs, you will be able to enjoy a fruitful career in the real estate industry of Singapore.

Original Post:-  http://rescourseprovider.wordpress.com/2014/05/07/how-to-enjoy-a-good-career-in-singapore-real-estate-industry/

What are the steps involved in real estate investing for the first time

The real estate market in Singapore is one of the most potential job domains in the country. This is because there is a huge demand for properties in the country. People who complete the license course real estate can easily get a job with the reputed real estate companies in the country because quite a lot of people require their services on a daily basis. Hence, you can invest your money in this domain and earn profits for sure, if you make the right moves. Here are few steps involved while investing in the real estate domain for the first time.

You need to understand the market first. You need to do a lot of research before investing money in any business and the same applies in real estate industry as well. There are plenty of places in the country that are considered as ideal residential locations. Some of the other areas are good for business establishments but not for residential purposes. You need to identify your requirements first before placing the investments. If you are planning to invest money on residential properties, you should choose an area that is away from the industrial area. You will be able to identify the best places that serve the purpose with the help of real estate agents who have completed the course in real estate from a reputed institute in the country. They will be well versed with the popular areas that are good for residential needs as well as business requirements.

You need to understand the laws and regulations related to each type of property in the country. You can seek the aid of professional who have competed the real estate course in the country to learn about the required rules and regulations. You should take into consideration the tax amounts involved when you buy different types of properties. If you are planning to invest on apartments, the tax rates would be different from that charged for commercial spaces. The difference will matter a lot when you sell off the properties later on to enjoy profits.

You need to set your limits first. You should decide on a budget first and play your cards accordingly. You should have a rough figure regarding the selling price in mind if you are planning to buy properties in the country as an investment. You should also decide on a period. With the help of professional real estate agents, you will be able to identify the best properties in the country that will fetch you profits in a short while.

Going through the journals and online portals that explain about the growth prospects of the country would be ideal if you are planning to invest a lot of money in the real estate industry. The authorities might come up with new rules and regulations often with regards to the real estate industry. This might cause a fluctuation in prices of different types of properties. You need to understand about the recent changes brought to the property laws in the country to avoid any trouble.

You should go through all these steps before investing your money in Singapore real estate industry. If you make your moves after careful analysis, you will be able to enjoy good returns.

What makes condos a hot property for the salespersons in Singapore?

There are plenty of reasons that make condos a hot properly for the salespersons in Singapore. People who are done with the RES course in the country start their careers with one of the top real estate agencies in the country. In order to survive in the market, you need to be highly competent. The condos market is really huge in the country but most of the salespersons would be trying to strike a positive deal every day. You need to hence make your moves intelligently. Here are some of the reasons that make condos popular in Singapore.

Family

A lot of travelers visit Singapore from different parts of the world to enjoy a vacation with family.  When compared to staying in hotels, condos offer better facilities and privacy without costing a lot of money. This has made condos a very popular property in the tourism segment. When you work as a salesperson in the real estate market, you will be able to attract a lot of tourists and win some good returns when you can find condo rental deals. You need to identify the major areas in the country first and look for condos in the area in order to enjoy better returns.

Business

Plenty of business organizations send their executives to Singapore to serve their requirements. To make the accommodation of these executives topnotch most of the companies choose condos in the country. This will help them to provide impeccable facilities without spending too much money. Since the major amenities in condos are shared by different people, companies sending multiple numbers of executives would prefer condos. When you strike a positive deal with one of the business organizations, you will be able to enjoy better margins compared to the rates provided by your other customers. When you work as an RES in Singapore, you should try your best to strike positive deals with business enterprises because they will keep sending executives to the country and hence you will be able to enjoy long term deals.

Single

There are many people who travel to Singapore all alone. They would require a cozy place away from the busy city to sleep during the nights. Condos offer a lot of comfort to such travelers. When you work for a real estate agency in the country, you might have to meet monthly targets. When you find potential travelers who visit the country all alone, you will be able to easily guide them to a condo apartment because it would be wallet-friendly and comfortable for them. When you explain the benefits offered by this type of apartments, you will be able to easily win their favor.

Luxury

Singapore also has plenty of luxury condos. You will be able to attract premium travelers who would look for luxurious travel facilities during their visit to the country when you have a database containing the details of luxury condos. When you work as a RES Singapore, you should always identify the most profitable real estate deals in order to enjoy the best returns. Luxury condos would be a great way of making money compared to selling different other type of properties.

Singapore Properties versus Malaysia Properties

Real estate market is booming both in Singapore and in Malaysia. There is a growing trend to compare the advantages and disadvantages of owing or renting property in these two neighboring nations before investing money to buy property in these two nations.  Both countries are industrialized, have great infra structure and safe environment.  Singapore property market just now booming and many investors from overseas have invested in real estate in the city nation.  On the other hand Malaysian properties, in comparison are cheaper, which makes them more attractive to the middle class buyers.  Anyone who has done a real estate license course or has undergone real estate sales training can easily discern the rising trend which compares real estate market in these two countries.

One does not need license course in real estate to understand why Malaysian properties score over Singapore real estate  particularly when the customers and buyers are middle class with limited spare cash. Real estate environment in both nations is same, the quality of the building material, the safety and security element and the infra structure, all these elements are equally good.  However, the price of property is much higher in Singapore than in Malaysia.  It is reported that per square foot cost in Singapore is $ 503 in some areas as compared to the same type of housing in Malaysia which comes with $270 per square foot cost.

Buying property just over the border and commuting to Singapore for work has given rise to a real estate boom in Malaysia, mostly in the areas adjacent to the border, in Iskandar and even in Kuala Lumpur.  The demand for housing in Singapore has spilled over to Malaysia and this has created a mini boom in housing in that place as well. Malaysia has an open door policy which makes buying property as easy as buying property in Singapore.

5 Qualities RES course providers must possess

When you choose a RES course provider in Singapore, you need to take care of various factors. The course has to be completed from an authorized training centre in order to be eligible to appear for the exam conducted by the CEA. You need to pass the exam in order to start working as salesperson in the real estate industry in Singapore. Your choice of course provider would be one of the vital factors that would decide the fate of your career. Hence, here are few things that you need to consider when you choose a course provider.

Skilled trainers

You need the able support of qualified trainers in order to complete the course successfully. Make sure that the institute you choose has a good team of faculty to help the candidates. There should be professionals who have great experience in the real estate industry and also retired lawyers. This will help you in learning the tips and tricks of the industry with ease.

Excellent classrooms

The course provider should have excellent classrooms for conducting the training sessions. The portions mentioned in the syllabus are vast and hence you will have to attend plenty of long sessions in order to complete the course. If the classrooms are not of impeccable quality you would have a hard time learning the topics taught. Hence make sure that the institute provides state-of-the-art classrooms.

Modern facilities

The RES course deals with plenty of laws related to the real estate industry and also about various types of properties available in Singapore. Make sure that the course provider has audio visual facilities to conduct the training sessions in an interesting manner. This will help you to learn the topics easily. You will be able to capture the important points in your minds with ease when video training sessions and interactive sessions are conducted.

Flexible training sessions

When you choose a CEA approved RES course provider, make sure that they provide flexible training sessions. If you happen to miss out a day’s sessions, you should still be able to learn the topics covered on that day. Extra classes for the portions missed should be provided by the institute. Some of you might not be able to attend regular classes due to prior commitments. The institute should provide you with flexible training sessions like evening batches and online sessions to serve such needs. Make sure that you check out these facilities when you choose a course provider in the country.

Placement assistance

There is heavy competition in the job markets around the world and this is the same in Singapore too. If the institute you choose for the real estate course provides you with placement assistance it would help you a lot in enjoying a fruitful career. When you compare various institutes that offer the course in the country, take a look at the placement records too. Some of the institutes have tie-ups with the major real estate agencies in the country which will help the candidates to get placed easily once the exam is cleared. If you do your course with one such provider, you can secure your future easily.

Benefits of Real Estate Course in Singapore

So you’ve decided to get into the real estate business; congratulations. A profession in real estate market is a great career choice, especially for those who already have some selling experience or training in this field. The opportunity to earn money in this sector is much greater than most of the other professions out there.

Before venturing into the real estate business, you need to undertake a real estate course that would simplify your learning process and help you towards obtaining a valid license. Becoming a realtor requires more skills than just having desire to sell out homes. A RES  agent should have strong determination and guts to deal situations, a polished presence both physical as well as verbal and an encyclopedic knowledge about the local real estate market.

Real estate prices go higher with every passing year in Singapore, and a career in this field will help you to reap the huge monetary potential inherent in the local real estate market. Decision making is the key, and to succeed in this arena you should be able to perceive in the right direction and know how and where to invest. A handy course in real estate would give you the necessary skill and vision that are a must to venture into this field.

With the coming of internet into our lives, a number of options have emerged in each and every scenario and real estate sector is no different. Nowadays, along with traditional classroom courses, you have the ease and convenience of enrolling in an online real estate school. Online real estate course imparts you the freedom to select your learning hours and schedule your education according to your commitments and time frame. It is the most suitable option for the working adults, who can earn and learn simultaneously.

Doing a real estate course in Singapore will help you in understanding the city in a better way from a realtor’s prospective. The course will give you a deep insight of various locations of the island country that are ideally suited for a booming real estate market in near future. The course will enrich your knowledge about the diverse cultural backgrounds of the populace of Singapore and polish your skills to tackle situations based on a particular state of affairs.

How good is it to opt for the profession of a sales agent?

The job of a professional sales agent is very interesting because of various factors. A sales agent identifies the requirements of the people and come up with sellable ideas that would be beneficial for themselves as well as for the buyers. It is a job that reaches out directly to the people around you and hence it is a very interesting thing to do. The job of a real estate sales agent is simply great because of plenty of reasons. Here are few of them.

Sound incomes

You will be able to enjoy sound incomes without any hassle. Most of the real estate agents pay good salaries to the sales agents. There is huge demand for properties in the country and hence sales agents are required in huge numbers in order to meet the daily needs. A professional sales agent who has completed the real estate licence course will be able to deal with the daily requirements of real estate agencies with ease. Along with the salaries, the sales agents might also win extra perks if the work hard is excellent. As long as there is a demand for different kinds of properties in the country, the sales agents would be able to enjoy sound incomes.

New challenges often

The job of a sales agent is very interesting because of the new challenges that come up from time to time. The trends in the industry keep changing and hence, you get to be a part of different kind of deals. You will have to deal with clients of different classes. Some of them would be rich businessmen who look for a penthouse in the country. There would also be people who look for wallet-friendly facilities that provide the basic facilities. Some of the properties might be located away from the mainland and your client would want to sell it off at an attractive rates. Hence, different challenges do come up often which will keep your job interesting.

Interact with new people

You will be able to interact with lot of new people during your day-to-day works. You will have to meet people who are willing to sell properties and many others who are searching for one. Some of them would want to buy properties at low rates in order to sell it later when the rates go high. There would also be a great demand for duplex apartments and studio flats. The needs of people would different from one another and hence you get a chance to interact with a lot of people. You will be taught how to interact with your customers in a professional manner and win their deals when you complete the license course real estate. It will help you to become a highly successful real estate agent.

Not monotonous

Right from the time you enroll for the real estate sales training, you will understand the immense possibilities of the job of a salesperson in the real estate industry. You will not get bored due to your daily work because each day would be new at work. You will have to meet new people, visit new buildings and properties and talk to the authorities about different kind of properties. All this will help you to enjoy your work as it is never monotonous.

How good is it to opt for the profession of a sales agent?

The job of a professional sales agent is very interesting because of various factors. A sales agent identifies the requirements of the people and come up with sellable ideas that would be beneficial for themselves as well as for the buyers. It is a job that reaches out directly to the people around you and hence it is a very interesting thing to do. The job of a real estate sales agent is simply great because of plenty of reasons. Here are few of them.

Sound incomes

You will be able to enjoy sound incomes without any hassle. Most of the real estate agents pay good salaries to the sales agents. There is huge demand for properties in the country and hence sales agents are required in huge numbers in order to meet the daily needs. A professional sales agent who has completed the real estate licence course will be able to deal with the daily requirements of real estate agencies with ease. Along with the salaries, the sales agents might also win extra perks if the work hard is excellent. As long as there is a demand for different kinds of properties in the country, the sales agents would be able to enjoy sound incomes.

New challenges often

The job of a sales agent is very interesting because of the new challenges that come up from time to time. The trends in the industry keep changing and hence, you get to be a part of different kind of deals. You will have to deal with clients of different classes. Some of them would be rich businessmen who look for a penthouse in the country. There would also be people who look for wallet-friendly facilities that provide the basic facilities. Some of the properties might be located away from the mainland and your client would want to sell it off at an attractive rates. Hence, different challenges do come up often which will keep your job interesting.

Interact with new people

You will be able to interact with lot of new people during your day-to-day works. You will have to meet people who are willing to sell properties and many others who are searching for one. Some of them would want to buy properties at low rates in order to sell it later when the rates go high. There would also be a great demand for duplex apartments and studio flats. The needs of people would different from one another and hence you get a chance to interact with a lot of people. You will be taught how to interact with your customers in a professional manner and win their deals when you complete the license course real estate. It will help you to become a highly successful real estate agent.

Not monotonous

Right from the time you enroll for the real estate sales training, you will understand the immense possibilities of the job of a salesperson in the real estate industry. You will not get bored due to your daily work because each day would be new at work. You will have to meet new people, visit new buildings and properties and talk to the authorities about different kind of properties. All this will help you to enjoy your work as it is never monotonous.

RES Course Singapore for a Dream Career Ahead

Do you know about the prerequisites for becoming a real estate salesperson in Singapore? You should be at least 21 years of age and a citizen of Singapore to get into this role. If you are not a citizen of this country, you should at least possess a permanent resident status. Other qualifications that are required are – you should have successfully passed 4 GCE O-level exams. If you successfully meet all these prerequisites, you can be on your way to become a real estate sales agent in Singapore. The next stepping stone towards your dream career is RES Singapore, i.e. enrolling and passing the RES exam in order to attain the license of a salesperson of properties.

If you really want to succeed in real estate sector, other than qualifications you have to shape up your personality to adapt to the unique nature of this job. Here are some details that would help you towards pursuing this career –

Polish up your communication skills

Real estate is all about dealing with different kinds of people. You should be good at talking with people and know how to convince them with your deals and offers. Other than your clients, you would also be required to deal with a number of other people involved in accomplishing a deal viz. advocates, Govt. officials, draftsmen etc. Thus, you should have the best of verbal skills and know when to speak and when to keep your mouth shut.

Complete RES course from a CEA approved institute

You should complete a course in real estate from an institute that is accredited by CEA (Council for Estate Agencies). Without completing this course you won’t be able to enroll for the RES exam and pass it. Passing the RES exam in essential in Singapore; only then you will receive your license as a RES. Without this license, no realtor would be in a position to hire you as a salesperson. Thus, it is vital to choose a good provider and complete RES course effectively.

Keep on updating your knowledge base

A good real estate salesperson keeps on updating his knowledge about prevalent properties and changing trends. You should make it a point to frequently browse internet to know what type of properties are currently preferred by buyers. RES in Singapore is a challenging career. Persistent efforts, never say die spirit, right and tactful approach are the paving stones that leads to a successful career in this sector.

Basic Curriculum of RES Course

Whether your country puts RES course as mandatory or not, the course is quite useful in providing the basic knowledge about the procedures involved in real estate transactions. Here is an outline of the basic curriculum that any real estate license course would contain –

Buying and selling procedures

This discusses the complete process of a property transaction, from listing of points in the agreement paper to preparing the final sale document. This portion will teach the RES pursuant how to synchronize activities with different specialists, viz. appraisers, lawyers and financial lenders. It also discusses the obligations and duties of real estate agents towards representing their clients for marketing of properties on their behalf. Students also learn about price negotiation factors and terms and conditions that should be laid down during document preparation.

Property Financing

As majority of property transactions involve lending from banks and financial institutions, it is mandatory for trainees to learn the basics of mortgage and funding sources. They should also be familiar with prevalent rates, approval processes and the variety of mortgage products available in the market.

Home and building construction

Students should be aware of the key structural designs and have knowledge about factors that are necessary for a sturdy and long lasting building. They should be able to find discrepancies if any in the building design, a major concern for any client.

Property Valuation

The RES course provider also hold special sessions to discuss different methodologies adopted for determining the value of a property in order to move ahead on a listing or putting forward a selling price of a property. This knowledge will equip the agents to discuss with their clients various factors that affect the price of their properties.

Negotiation and Documentation

Agents should know how to complete various documentations involved in listing, buying and contracting a property. This portion discusses how to implement various bargaining strategies on behalf of their clients.

Legal and Government

In this portion the student understands various legal implications as a real estate agent. Students also get a chance to analyze different kinds of laws encompassing a property.

Why is it important to complete the real estate course in Singapore

In order to enjoy a good career in any industry relevant educational backup is required. There are plenty of job domains in Singapore that you can choose according to your skills. If you want to enjoy a sound monthly income and an interesting career, the real estate market would be a fantastic option. The market trends keep changing and you get to work with plenty of new people every day. You will not have to sit with your eyes glued to a computer screen all the time and keep tapping the keys on the keyboard when you take up the job of a real estate salesperson. In order to work as a salesperson in the real estate industry in Singapore, you need to complete the license course real estate.

The real estate course will mould you as great professionals by providing you with the right set of guidance in pursuing a great career. The course has been made mandatory by the Council for Estate Agencies in Singapore and you will be able to learn a lot of interesting things when you attend the classes at a recognized institute. The reputed training centers conducting the course would employ highly experienced real estate professionals and lawyers to teach the course contents. This will help you to understand about the various aspects related to the real estate industry. You will be able to view different situations in all possible angles and understand the methods that you should imply in order to tackle all of them. You will be able to perform your daily duties better when you take up the real estate licence course.

The job of a real estate salesperson includes communicating with various types of clients. There would be people trying to use up all the savings they have earned in their entire lifespan to buy their dream homes and also people who invest money in different types of properties in the country to enjoy hefty returns in a while. You need to deal with both extremes of clients in a pleasing manner. With the effective guidance of the faculty members at the training institutes you will be able to meet these needs with ease. You will also be able to improve your communication and interpersonal skills by the time you complete the course from a reputed institute.

The laws related to the real estate market have to be learned without flaws in order to work as a salesperson with one of the reputed real estate agencies in the country. The course syllabus includes all the laws that you need to know related to this industry and hence it will help you a lot with your work life. You will not have to go back and seek the aid of lawyers in order to explain the laws related to a property to your client when you start doing your job. You will also be able to understand about all sorts of properties that are available in the country to meet the needs of your clients.

The course in real estate is hence a very helpful resource that you should utilize in order to take up the role of a successful real estate salesperson in Singapore.

What makes real estate domain in Singapore a stable job market

In order to work in a field after your studies, you need to choose a domain that is stable. You should also make sure that you are provided with a sound monthly income. These are the basic factors that need to be considered while choosing a job market in Singapore. All sorts of industries are available in the country. You will find plenty of IT companies in the country. However not everyone are software professionals. Even many of the software professionals work in different other fields.  One of the best job markets in the country which does not usually get affected by any of the natural calamities or financial disturbances is the real estate industry. Once you complete the real estate course from a reputed institute, you will not have to look back ever.

You will be able to enjoy a sound income when you work as a real estate salesperson in the country. There is abundant need for properties of all types in the country. The people who start their professional careers would need to settle down in the country and they would approach the real estate companies to get a good property deal. You will be able to assist all sorts of people in finding their dream homes. If you do your job in an impressive manner you will be provided with extra perks by the clients. Sometimes even your employer might provide you with extra perks if you close a very attractive deal.

Stability of a job market depends on a lot of factors. Since there is huge demand for properties, this is one market that will not topple down easily. The prices for properties are on the rise and it will only help in enhancing the stability of the market for real estate salespersons. Due to the busy work schedules people do not have the patience to search around the country to find attractive land deals. This process is hence outsourced to the real estate companies by the people. Professionals who have completed the course in real estate will have a great opportunity to work for different kind of clients.

Another great benefit provided by the real estate market is the wide range of options. You will not feel monotonous when you work as a salesperson in the industry. The RES course will help you to understand in detail about different types of properties in the country. Once you are well versed with the different kind of properties in the country, your employer will keep you in charge of various deals. This will help you to travel a lot across the country. If a need arises, you will have to stay in various places in order to help a client with a property deal.

When you work as a RES in the country you will not have to worry about the cost fluctuations due to the changes in government norms, as long as you do your work efficiently. Since there are plenty of amazing institutes to train you as salespersons in the country, you will not have to worry about your daily job requirements. From all different dimensions, the real estate market in Singapore is an amazing job market that stays stable all through the year.

Journey towards Becoming a Real Estate Agent in Singapore

With recent boom in the property prices in Singapore, the career of a real estate agent has become quite rewarding. This sector has its own advantages, and you can look forward towards making unlimited income and setting your own working hours. But in order to become successful in this arena, you need to overcome certain challenges and work hard during the initial years of establishing yourself as a real estate agent. Your journey to become a real estate agent starts with the preparation of RES exam. As per new Singapore laws, all new estate agents are required to pursue a real estate course and pass the RES (Real Estate Salesperson) exam in order to get their working license for undertaking property deals. As per present norms –

•    A real estate education is obligatory

If you aspire to become a realtor in this island nation, it is mandatory to appear in the RES exam and pass it. Now in order to enroll for the RES exam, you need to take coaching from a real estate license course provider. This course will teach you all the basics of property dealing and the rules encompassing the property dealing in Singapore. You should know that certificates from only CEA approved RES course providers are valid for enrolling in the RES exam. Thus, you should choose your course provider wisely.

•    Selection of a brokerage firm

A brokerage firm is an office, where real estate agents and brokers work. By working with a brokerage firm, you get hands-on and practical experience to carry out property dealings and learn the intricacies of the property business. It is better to get tagged with a reputed brokerage firm while pursuing your license course real estate. Having a mentor is quite important in this sector.

•    Getting the license

 In order to get the real estate salesperson license, you should fulfill all the pre-requisites viz. passing the RES exam and clearing all the legal formalities including a check with respect to criminal background.

•    Preparing your budget

If you are serious enough to have an outright career in real estate, you should do proper planning and all the homework before venturing into the business. You should be prepared to meet all the monetary obligations for license course fees, office set up charges, association fees and also keep aside some money for making some initial investment for starting a deal.