Property agent advice

[Mllcg]

Im thinking of becoming a property agent part time while studying.

 

whats the processes involved to apply?

 

and hows the commission practices like now? still 2% seller and 1% buyer?

[Chucky2007]

Why don't you write to those advertisement posted in propertyguru? Should have tons of answers there.

[Dafansu]

Need to take the CEA salesperson exam first. The details are available in their website.

[Jman888]

Property Agent ain't a part time job unless you have a long list of personal clients upcoming.

You have to work 24/7 to generate clients. They don't fall off trees.

 

 

agree, dun provide a disservice to your client.

[Soya]

Im thinking of becoming a property agent part time while studying.

 

whats the processes involved to apply?

 

and hows the commission practices like now? still 2% seller and 1% buyer?

 

 

part time property agent? sorry but that's a confirm path to failure.

[Mllcg]

Property Agent ain't a part time job unless you have a long list of personal clients upcoming.

You have to work 24/7 to generate clients. They don't fall off trees.

 

just have to advertise yourself and they call u..

 

then set time and date arrange to view.

 

after that post ad online wait for calls.

[Jman888]

just have to advertise yourself and they call u..

 

then set time and date arrange to view.

 

after that post ad online wait for calls.

 

 

so easy all the ah beng become property agent liao, no need to sell con-puter at sim lim square liao

[WoShiNewbie]

just have to advertise yourself and they call u..

 

then set time and date arrange to view.

 

after that post ad online wait for calls.

 

How I wish its as simple as you mentioned. Haha.

 

First you have to take the RES course and exams. After passing, you can choose which agency to register with and pay the admin fees and registration fees etc. Its tough to be an part-time agent. In order to see results, you need to really focus and sourcing leads is the most difficult part of the job.

 

 

 

[Vtim]

You need to attend the RES (Real Estate Salesperson) course conducted by various company (CEA website for info) and achieve at least 75% attendance (IIRC) before you can registered to sit for the RES exam. Course fees will range from high of $700 to $900. Generally, around 3mths after you start your course before you sit for the RES exam.

 

There is no strict and fast rule on the comms, you can even do it for free if you want to , however, market practice is 2% (or less) for seller and buyer 1%, commonly for HDB transaction.

 

For private property, only seller pays 2% comms, buyer don't pay.

 

Agent can only represent a single party (either seller or buyer, tenant or landlord) no dual representation is allowed.

 

A lot of law and regulations will be taught in the RES course

 

not easy doing part-time, you need to have lots of ready clientele or else you may not even close a single deal during the first year.

 

 

[Vtim]

just have to advertise yourself and they call u..

 

then set time and date arrange to view.

 

after that post ad online wait for calls.

 

There are around 30 thousand plus of Real Estate Agents in Singapore, not as simple as what you think

 

ERA and Propnex are very strong in HDB.

 

[Vtim]

part time property agent? sorry but that's a confirm path to failure.

 

 

not all will failed lah, there are "exceptions"

[Soya]

so easy all the ah beng become property agent liao, no need to sell con-puter at sim lim square liao

 

 

wa sei.....i oso wan lei. sell tau huay tough job hor. property agent sooooooooooooooo easy job. esp when no need to know anything abt real estate and property. juz advertise can liao. btw, who pay for the advertisements, petrol, time, h/p bills, cpf, medical, etc, etc, har?

[Soya]

not all will failed lah, there are "exceptions"

 

 

same as buying toto lah. not confirmed everyone will lose but would anyone depend on that as their rice bowl?

[Vtim]

same as buying toto lah. not confirmed everyone will lose but would anyone depend on that as their rice bowl?

 

you are right

 

I did make a "little" bit doing it part time

[Jman888]

just have to advertise yourself and they call u..

 

then set time and date arrange to view.

 

after that post ad online wait for calls.

 

 

imagine if you meet one buyer who take 9 months to look for his home, and he doesn't own a car, you become his driver on evey viewing ......

 

picture this and see you can close the deal or not

 

 

[Mllcg]

imagine if you meet one buyer who take 9 months to look for his home, and he doesn't own a car, you become his driver on evey viewing ......

 

picture this and see you can close the deal or not

 

my degree is 3 years.

 

i just need some flexible hours job..

 

just wanna earn extra. since im still getting allowance.(earn extra=good. dont earn also nth lost)

Edited January 29, 2013 by Mllcg

[Berncsp76]

my degree is 3 years.

 

i just need some flexible hours job..

 

just wanna earn extra. since im still getting allowance.(earn extra=good. dont earn also nth lost)

 

 

Not easy as it seems bro.

 

You have to manage your time on your studies as well as clients expectations.

 

Any wrong move, they complaint to CEA and is bye bye to your agent license, worse case is fine and jail term.

 

After all the courses ($1k+) and exam fees ($300+) still got many many fees to pay first before you can embark on your new career.

 

Most important thing is, are you eloquent and can sell ice to eskimos/sunlight to africans?

 

[Mllcg]

Not easy as it seems bro.

 

You have to manage your time on your studies as well as clients expectations.

 

Any wrong move, they complaint to CEA and is bye bye to your agent license, worse case is fine and jail term.

 

After all the courses ($1k+) and exam fees ($300+) still got many many fees to pay first before you can embark on your new career.

 

Most important thing is, are you eloquent and can sell ice to eskimos/sunlight to africans?

 

what other jobs have flexi hours then?

 

like why i choose property agent is coz i may be free on some days and busy on other. i choose when i want to work.