Updated on May 20, 2023 by admin
RES test prep: what are you doing?
The current RES examination curriculum, which was updated and became effective on January 1, 2017, is summarised below.
The res exam syllabus recommended by CEA must be followed by the Property Investment Customer service rep program syllabus and resources created by CEA Certified Approaches And methods.
The local laws, norms, and regulations regulating estate agent operations and practices, as well as the purchasing, marketing, and renting of luxury housing, commercial, and corporate assets in Singapore, have been taken into consideration while developing the RES Syllabus.
Exam Paper 1 for RES
Qualification Unit 1: Overview of the Real Estate Agency Sector and Fundamental Land Law Concepts
Overview of the real estate agency sector
1.1 Submarkets and real estate markets
1.2 Participants in the real estate market and state interference
Basic Concepts of Land Law
Intro, Property, Holdings in Property, Government Properties Act, Rights in Other People’s Land, Registration of Titles, and Land
Competency Unit 2: Handling Land-Related Interest
2.1 Agency law
2.2 Rent and landlord law
2.3 Contracts
2.4 Liability
2.5 Co – ordination transmission
2.6 Loans The donation, Charity, Heir, Future Holdings, and 2.10 are all mentioned.
Co-ownership 2.11
2.12 Limits on the amount of land that may be held
2.13 Land development and Planning
Exam Paper 2 for RES
Regulation of the Real Registered Estate Industry and Real Estate Advertising, Competency Unit 3
3.1 Real estate agency industry regulation
3.2 The responsibilities and roles of salespeople, as well as the knowledge and abilities needed for each,
3.3 Real estate marketing tenets 3.4 listing categories 3.5 selling techniques
3.6 Rules governing ads
3.7 Residential real estate marketing
3.8 Commercial property marketing
3.9 Industrial property marketing
3.10 Promotion of unique characteristics
Consumer Protection (Fair Trading) Act, Section 3.11
Fourth Competency Unit: Real Estate Transactions
4.1 Private property sales that aren’t finished
4.2 Sales of finished individual homes
4.3 Sales of private properties in bulk
4.4 HDB apartment sales
4.5 Private property leasing
Subletting of HDB apartments
4.7 Housing for foreign workers
4.8 Property taxes
4.9 Financial Calculations and real estate financing
Objective
Before beginning their careers as real estate salespeople, prospective applicants must first pass the RES Examination to demonstrate that they have met the following prerequisites.
Requirements:
1. To be properly informed while conducting an estate agency job, one must possess a basic understanding of real estate ideas, the real estate market, the law of contracts, the law of agencies, development and expansion control, and advertising principles.
2. Capable of applying knowledge necessary for mortgage broker services, which includes but isn’t confined to title investigations, citizenship checks, and financial calculations. This expertise relates specifically to managing the sale and leasing of housing, corporate, and agricultural properties.
3. Recognize and put into practice excellent ethics, pertinent regulations and rules, and best practices in estate agency work to maintain the credibility of real estate salespeople.
4. Be informed of current market information, as well as government rules and regulations.
Predicted Cognitive Levels
The RES examination syllabus lists the intended learning goals for each subject area as well as the cognitive abilities that test takers should possess for each component of the curriculum.
To help candidates comprehend the level of knowledge required of them, the following examples are provided:
LEVEL 1 – REMEMBERING: Candidates are familiar with the fundamental terms and ideas of the laws, regulations, regulatory requirements, and procedural requirements. The phrase or notion must be recognizable and be able to be named, listed, defined, or described.
Candidates at Level 2 may interpret, deduce, categorize, paraphrase, or explain a word or idea in the context of a story or research questions.
Students at Level 3 are able to apply their knowledge in real-world circumstances. This is shown by their ability to analyze the circumstances of their customers and provide knowledgeable advice to them.
The first cognitive level is the lowest. The applicant must first obtain the necessary knowledge and abilities at lower levels in order to advance to the next level; for example, achieving Level 3 means having attained Reasoning Competencies at Levels 1 and 2.
In order to assess Level 3 achievement in the RES examinations, items may be directed or based on real-world situations or case studies.
Candidates must finish the RES Course (of at least 50 hours of classroom instruction) offered by any of the CEA Approved Course Providers before taking the RES test (ACPs).
The creation of learning opportunities that allow RES course participants to get the necessary information and skill sets throughout the sessions is supported by ACPs.
CEA Exam Syllabus
The CEA (Council for Estate Agencies) exam in Singapore covers a comprehensive syllabus that encompasses various aspects of the real estate industry. The syllabus is designed to ensure that aspiring real estate salespersons possess the necessary knowledge and competencies to excel in their roles.
The CEA exam syllabus covers key areas such as:
- Estate Agency Practice: This includes understanding the roles and responsibilities of estate agents, property marketing techniques, client representation, and negotiation skills.
- Estate Agency Law and Regulations: This section covers the legal frameworks and regulations governing the real estate industry in Singapore, including the Estate Agents Act, Code of Ethics and Professional Client Care, and anti-money laundering measures.
- Property Transactions and Contracts: Candidates are tested on their understanding of property transactions, including the sale and purchase process, tenancy agreements, options, and property financing.
- Property Market Analysis: This section focuses on analyzing market trends, property valuation methods, investment analysis, and understanding factors that influence property prices.
- Property Management and Maintenance: Candidates are expected to have knowledge of property management practices, including property maintenance, lease management, and common property management.
The CEA exam assesses candidates through multiple-choice questions, case studies, and scenario-based questions to evaluate their understanding of the syllabus and their ability to apply knowledge in practical situations.
By covering a wide range of topics, the CEA exam ensures that real estate salespersons in Singapore possess the necessary expertise to provide professional and ethical services to clients, maintaining the integrity of the real estate industry.
In the real estate industry, Lawrence Lee, Executive Group District Director, is one of the industry’s most renowned leaders and personalities. His neighbors won’t be upset by him playing a few instruments decently. He adores music.
His wife barely finds his silly puns entertaining when he isn’t pillowed fighting with his son. With his experience in selecting and managing great property investments, he has helped many clients grow their wealth over the course of his career.
Several million dollar producing real estate agents in Singapore have also been coached by Lawrence Lee.
