REAL ESTATE SALESPERSON (RES) COURSE
About This Course
The Real Estate Salesperson (RES) Course is one of the mandatory criteria that all aspiring Salespersons must fulfill before taking the RES Exam. Only when the participant passes the RES Exam, he/she will then be allowed to be registered as a fully-pledged Salesperson with an Estate Agent (Real Estate Company).
Under the new regulatory regime administered by the Council for Estate Agencies (CEA), one of the salesperson registration criteria for entry into the real estate industry is to pass the mandatory examination required by CEA or possess equivalent qualification. Prior to taking the examination, applicants will be required to complete the preparatory RES course conducted by a CEA Approved Course Provider (ACP). This is to ensure that Salesperson intending to do estate agency work are well qualified, professionally competent and be able to work effectively in the real estate industry. Equally important is that they must uphold good ethical standards.
The syllabus is prepared in the context of laws in Singapore governing real estate agency work and shall focus on sale and lease transactions involving residential, commercial, and industrial properties. The syllabus does not include laws or regulations of other countries governing transactions of foreign properties and Real Estate Salespersons are advised to be familiar with such laws or regulations when advising their clients in foreign properties transactions.
The RES Examination syllabus is designed to ensure Real Estate Salespersons meet the expectations required as follows:
� Have a good knowledge of the concepts of real estate and agency practice.
� Have a basic knowledge of the legal requirements and laws governing property transactions and real estate agency work.
� Have a basic knowledge of the terminology and concepts of real estate sale and leasing and the need to comply with the requirements of the law.
� Understand the requirements of the Estate Agents Act 2010 and subsidiary legislation
What You'll Learn
Competency Unit 1: Real Estate Agency Industry Overview
Competency Unit 2: Basic Land Law Concepts and Dealings with Interests in Land
Lesson Topic � 3 hrs per class
1 Real Estate Market and Submarkets
2 Law of Agency
3 Regulation of Real Estate Agency Industry (1)
4 Regulation of Real Estate Agency Industry (2)
5 Basic Land Law Concepts (1)
6 Basic Land law Concepts (2) / Dealings with Interest in Land (1)
7 Dealings with Interest in Land (2)
8 Dealings with Interest in Land (3)
Paper 2
Competency Unit 3: Real Estate Marketing
Competency Unit 4: Property Transactions � Laws and Practices
Lesson Topic � 3 hrs per class
9 Principles of Real Estate Marketing / Type of Listing / Methods of Sale
10 Regulations on Advertisements
11 Marketing of Residential / Commercial / Industrial / Special Properties
12 Negligence / Consumer Protection (Fair Trading) Act / Law of Contract
13 Sale of Completed Private Properties
14 Sale of Uncompleted Private Properties
15 Sale of HDB Flats (1)
16 Sale of HDB Flats (2)
17 Landlord and Tenant Law / Leasing of Private Properties / Subletting HDB Flats / Foreign
Worker Housing
18 Taxes on Property / Property Finance and Financial Calculations