Tuesday, 25 November 2014

Does each real estate course differ depending on city?

Res CourseThe RES course enables you to understand about all the factors related to the real estate industry in Singapore. The course is conducted according to a syllabus stipulated by the Council for Estate Agencies in the country. Hence all the important guidelines related to the industry are followed to the core. You might have various concerns regarding the course and might have major doubts regarding the difference depending on the city. The course follows a uniform syllabus which is applicable throughout the country. You do not have to enroll for special courses to learn about the real estate laws and regulations related to each and every area in the country.

The rules and regulations prevailing in the real estate industry are common throughout the country. The laws are different for various types of properties and deals but it does not depend on the city. You will have to learn about the laws pertaining to the commercial and residential properties in detail in order to work as a real estate salesperson in the country. When you choose a reputed RES course provider approved by the CEA, you will be able to learn all the topics in an easy manner. The good institutes in the country that offer the RES curriculum follows a systematic approach by employing highly qualified faculty members to conduct the training sessions.

The real estate rules are different when you consider the major business districts in the country. This is because of the huge number of commercial buildings and the properties used to serve business needs. You will be able to learn about the laws pertaining to these properties when you undergo the real estate sales training. You do not have to enroll for a separate course to learn about the laws pertaining to this because it is all covered by the regular real estate course. The choice of the course provider is to be done with care to enjoy maximum benefits. You will be able to enjoy your career as a salesperson in the industry and earn good monthly revenues with ease when you choose a good provider for the course. The training sessions conducted by highly experienced lawyers and retired real estate professionals will help a lot in building a strong career, irrespective of the area you concentrate on in the country for the real estate deals.

Friday, 21 November 2014

How important is it for real estate agents to be good at marketing

Res Course
In order to perform well as a real estate agent in Singapore, you need to have great communication skills. You will have to meet plenty of customers on a daily basic and talk to them regarding various factors. You will have to understand their exact requirements and should have great interpersonal skills to earn their praise. However, exemplary communication skills alone will not help you to do your job well. You should possess sound marketing skills too.

You will be able to enhance your marketing skills when you enroll at a reputed institute for the RES course. The real estate course conducted by the CEA will help you with marketing skills. You will be able to understand the tips and tricks required to perform your daily duties when you undertake this course. In order to be good at marketing, you need to have sound knowledge in the field. You will have to understand about each and every detail related to the real estate market in the country if you have to convince your clients. You will be able to sell properties only if you are able to answer the queries put forward by the clients. You will have to clear all the concerns that the clients would have in mind regarding different types of properties. This is an important part of marketing and will be taken care of when you take up the course in real estate.

When you work as a RES in Singapore, you will have to deal with different types of clients. You will have to show properties of various price tags depending on the type of client you are handling. You will have to make use of the right opportunities and push the high priced properties when you see a potential client. This can be done only if you sharpen your marketing skills. If you follow a regular routine and do nothing out of the box, you will not be able to take your career to greater heights. If you want to enjoy hefty returns and a stable career in the real estate industry, you need to keep your marketing skills polished all the time!

Tuesday, 18 November 2014

What should everyone know about real estate career

real estate licence courseThe real estate industry in Singapore is one of the most promising job domains that offer great remuneration. If you have adequate savings, you can invest money in the industry and earn profits in a short while. You can also earn a good amount as monthly income if you work as a real estate salesperson in the country. Being an investor in the industry is quite different from working as a real estate salesperson. Your daily duties and the working style would be entirely different. Your responsibilities and required skills will also be different.

In order to be a realtor, you need to have a good amount of money easily accessible in your bank accounts. When you come across listing in the classifieds related to the sale of a property at an attractive, you will have to buy it without much time delays. Properties will sell off easily in the country because of huge demand and hence your timely actions matter a lot in this business. When you find a buyer for the property after a while, you will be able to sell it off at a profitable rate.

If you want to work as a salesperson in this industry, you need to complete the real estate licence course conducted by the Council for Estate Agencies in the country. You will have to appear for the RES exam which consists of two papers and obtain pass marks in both in order to earn the license required for the job. You need to be careful with the selection of institute to take up the real estate course in order to clear the exam in the first shot itself.  The institute should have a good track record and a good team of faculty members. The course deals with plenty of terms and laws related to the industry and expert guidance is required in order to learn the portions. You need to be systematic with the studies in order to complete the exam successfully.

You will have to deal with different types of clients in your daily life at work when you take up the job of a salesperson with a reputed real estate agency. You will have to complete the documentation works involved in closing a property deal. You will have to show properties to your clients according to their requirements. You will have to explain about the details related to the properties in a convincing manner. You will also have to use your negotiation skills effectively in order to close deals. Completing the license course real estate will help you to do all these without much difficulty.

You need to keep your skills updated and keep your eyes and ears open in order to enjoy your career as a salesperson in the real estate industry. You should keep an updated database always in order to fair well in the job. You should be aware of the attractive areas in the country that are good for residential and commercial properties. You should also have a good knowledge about the serviced apartments and properties available on lease to meet the needs of your customers.

A career in the real estate industry is very interesting because you will be able to meet a lot of people every day and travel around the country a lot.



Wednesday, 12 November 2014

How to be a property agent in Singapore

RES
When you work as a property agent in Singapore, you will be able to enjoy your daily job in a great way and also enjoy great revenues. You need to possess certain skills to fair well in this trade. You need to have sound interpersonal skills and should be able to communicate with different types of clients efficiently. You will have to deal with high profile clients as well as ordinary people who are in search of their dream homes. You need to provide great assistance to your clients and help them in finding the property that serves their needs. Most importantly, you need to complete the RES course conducted by the Council for Estate Agencies in the country.

The first thing to do in order to be a property agent in the country is to choose a good RES course provider. You will have to make this selection after verifying the reputation of the institute and the placement records. If you choose an institute that provides placement assistance upon successful completion of the course, you will not have to try too hard to get a job. The course syllabus deals with enhancement of your communication skills, different laws and regulations associated with various kinds of properties in the country and also the etiquettes that need to be followed by property agents. If you are an enthusiastic individual with the flair to learn new things, you will be able to complete the course easily. You need to learn the daily portions taught at the institute and make notes during the course of study. When you jot down important points, you will be able to understand the property laws and regulations easily. You should not miss any training sessions because each and every module is important from the exam perspective. Once you complete all the lessons, you should start taking mock exams. You can download mock exams through various online portals and get it with the help of your trainers too. Once you complete the course and pass the RES exam, you should keep your eyes and ears open to property related news in the country. You should keep an updated database of available properties in the country that falls in all possible categories.


When you follow these tips, you will be able to enjoy a strong career in the real estate market as a property agent. 

Wednesday, 5 November 2014

What you must know to clear RES Exam? Covering proper syllabus for real estate course

Res Course
If you have decided to establish your career in real estate industry and become RES in Singapore, then you would be knowing that it is important to meet the preliminary requirement, i.e. to clear the RES exam. 

You have to study the RES course syllabus, prepared in the context of Singapore governing real estate agency work. The syllabus is specially designed which gives proper knowledge to candidates about:

Concepts of real estate and agency practice;

Legal requirements and laws governing property transactions and real estate agency work;
Terminology and concepts of real estate sale and leasing and the need to comply with the requirements of the law;

Requirements of the Estate Agents Act 2010 and subsidiary legislation including Code of Ethics and Professional Conduct, and of the Council for Estate Agencies (CEA); and

Handling typical property transactions effectively and in compliance with the law, government policies, rules and CEA’s prescribed regulations and practice guidelines.

A Look at the topics & contents of the syllabus:

Competency Unit 1 ‐ Real Estate Agency Industry Overview Real estate market and submarkets:

Real estate market players and government intervention 

Law of agency 

Role and functions of salespersons and their requisite knowledge and skills

Regulation of real estate agency industry

Competency Unit 2 ‐ Basic Land Law Concepts and Dealings with Interests in Land 

Basic Land Law Concepts 

Land 

Estates in land 

State Lands Act 

Rights in another’s land:  (a) Licence , (b) Easement, (c) covenant 

Registration of titles

Dealings with Interests in Land (Conveyance inter vivos)

Mortgage 

Gift

Trust

Succession

Future interests 

Co‐ownership

Restrictions on capacity to hold land

Planning and development of land

Competency Unit 3 – Real Estate Marketing

Principles of real estate marketing 

Types of listing 

Methods of sale 

Regulations on advertisements 

Marketing of residential property/HDB flats

Marketing of commercial property

Marketing of industrial property 

Marketing of special properties

Negligence

Consumer Protection (Fair Trading) Act 

Competency Unit 4 – Property Transactions – Laws and Practices 

Law of contract 

Sale of uncompleted private properties

Landlord and tenant law

Leasing of private properties

Subletting of HDB flats

Foreign worker housing

Taxes on property finance and financial calculations

These are the important topics and contents that you have to work upon to become the RES in Singapore. 

Original Post:- http://rescourseprovider.wordpress.com/2014/04/22/what-you-must-know-to-clear-res-exam-covering-proper-syllabus-for-real-estate-course/ 



Saturday, 1 November 2014

Real Estate Agency Industry Overview for RES candidates

RES courseAs a part of the real estate course, the candidate is expected to have a thorough overview about the real estate agency industry. Thus, the course crucially covers this aspect and gives a detailed overview about the industry.

A good knowledge about the characteristics of real estate market is important along with having a thorough knowledge about the constituent elements/parts and the players. Also, proper knowledge about the economic factors that affect the supply, demand and property prices, will help you take smarter decisions as and when required. This would also give a fair idea on the market functioning on whole or as sub market in Singapore.

To know what you would be expected to know, have a look at the brief on the same:

Real estate market and submarkets

Identify the characteristics of real estate vs. real estate investment trusts (REITS) and property stocks

Understand the characteristics of real estate market as a whole

Categorise properties into residential, commercial, and industrial according to title (land, lease or strata) form and planning parameters

Identify title/tenure of property, zoning, use and classification of property

Identify types of commercial properties, industrial and residential properties

Understand the micro‐ and macro‐factors affecting supply, demand and prices of properties

Understand the functioning of each submarket (by property types, locations, and socioeconomic characteristics, etc.).

Understand the relationship between property cycle and business cycle

Source and interpret property supply, transaction statistics/data, and other market information

Convert a 6‐digit postal code to its old district number

Real estate market players and government intervention 

Identify market players in the various property sectors, e.g. developers, investors and users.

Interpret the effect of government control and intervention in the real estate market, e.g. introduction of cooling measures

Understand the role and functions of various relevant government agencies, e.g. BCA, JTC, HDB, IRAS, LTA, MAS, SLA, URA, etc. relating to property transactions

Law of agency 

Apply the fundamental knowledge of the following in the context of real estate agency:

Meaning and creation of agency relationships

Differences between exclusive and non‐exclusive agency

Agency as a contract of the utmost good faith

Agent’s authorities as viewed by principal and third party

Rights and duties between principal and agent and to third party

Termination of agency relationships

Remedies for breach of duties by principal, agent, or third party

Along with these, you would also be expected to have a fair knowledge about ‘role and functions of salespersons and their requisite knowledge and skills’ and ‘regulation of real estate agency industry’.

Original Post:- http://pioneertraining.blogspot.in/2014/05/what-property-buyers-look-up-in-res.html 

Friday, 31 October 2014

How tough/easier is buying a property in Singapore

RESNo 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 22nd 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.