Though Singapore is one of the best places to invest, it is a nice place to work as well. If properties interest you and you have strong basics, then there are high chances that you will be successful in the real estate business. Before we look at the steps that you have to follow to become a property agent in Singapore, let us have a look at the eligibility criteria.
- The person has to be minimum 21 years of age.
- The person should have cleared the General Certificate of Examination at the O-level, where O represents the ordinary level.
- The aspiring candidate should have passed the REPS exam that is the Real Estate Person’s Examination or any other examination that is considered equivalent.
- It is not possible to register with multiple licensed agents. The registration must take place only with one agent.
- The person should have necessarily taken up courses that are relevant and mandatory to clear the training session. It is also important that the person is aware of the legal provisions that are relevant to the law of the land in which he wishes to become a real estate agent.
- The person should not have been a convict in the past under any law that is relevant to the estate acts.
- The criteria that are listed above also enumerate the way in which a person has to become a real estate agent in Singapore.
Now that you know the criteria for becoming a real estate agent in Singapore, it is also important that you understand that all is not well in real estate business irrespective of the place. Here are some of the bitter things that you have to digest before getting into the field.
Why is Singapore not the right place to become a property agent?
Though there are a lot of benefits as far as becoming a property agent in Singapore is concerned there are both pros and cons too. So here are some of the disadvantages too:
- You will have to lose a lot before you earn: Real Estate is one place where almost all incidents are contingent and they aren’t permanent. Since your experience, in the beginning, is amateurish, you will find it hard to make the right predictions and act accordingly. So before you earn, you will have to lose a lot of money to understand the market.
- Bossing around is not always cool: If you are a sole proprietor managing the affairs of the service spot, then it is not as cool as you think it is. You will have to shoulder a lot of responsibilities and take care if the affairs of the business.
- The employee base that you have need not have to be true all the time. They are mere employees and might not understand the importance of working dedicatedly irrespective of the results.
- You may not earn as high as you think. At least during the initial stages, you will not make whopping profits. Once after passing through a series of hard hits will you be able to understand how the field works.