Introduction to RES or the Real Estate Salesperson Exam
Under the new regulatory regime administered by the Council for Estate Agencies, the estate agency must appoint a key executive officer (KEO) who is responsible for the overall management of the business and supervision of all its salespersons. As stipulated under the Estate Agents Act 2010, the KEO has to satisfy enhanced licensing conditions including passing the CEA’s Real Estate Agency (REA) examination or have equivalent qualification. The KEO must also demonstrate to the Council for Estate Agencies (CEA) that he has put in place the proper policies and procedures for the management of the business. These are stipulated in the Code of Practice under the Estate Agents (Estate Agency Work) Regulations 2010. All practising company directors and partners are also required to pass the CEA’s Real Estate Agency (REA) examination.
The REA syllabus is prepared in the context of laws in Singapore governing real estate agency and related work and shall focus on sale and lease transactions involving private residential, HDB, commercial and industrial properties located in Singapore.
The syllabus does not include laws or regulations of other countries governing transactions of foreign properties and real estate agents are advised to be familiar of such laws or regulations when advising their clients in foreign properties transactions.
The REA syllabus is prepared in the context of laws in Singapore governing real estate agency and related work and shall focus on sale and lease transactions involving private residential, HDB, commercial and industrial properties located in Singapore.
The syllabus does not include laws or regulations of other countries governing transactions of foreign properties and real estate agents are advised to be familiar of such laws or regulations when advising their clients in foreign properties transactions.
RES Exam Format (Updated)
As part of the policy review on the RES examination to ensure candidates possess the competency to practise in the estate agency industry, the RES examination format has been revised wef May 2013 to include a Case Study Section in both Paper 1 and Paper 2 in the form of multiple choice questions. The objective is to ensure candidates are able to analyse and interpret the issues in a practice-oriented case study context.
REA
1. 3 papers (2 ½ hours per paper) with 8 essay questions each
2. Candidates to answer any 5 out of the 8 questions for each paper
3. Candidates must pass all 3 papers in a single sitting
RES
1. 2 papers each (2 ½ hours per paper)
2. Paper 1: 70 MCQs and 15 short answer questions (100 marks)
3. Paper 2: Part I: 60 MCQs (carries 60 marks)
Part II: 60 MCQs (max 40 marks)
As part of the policy review on the RES Exam to ensure candidates possess the competency to practice in the estate agency industry, the RES exam format will be revised wef May 2013. The objective is to ensure candidates are able to analyse and interpret the issues in a practice-oriented case study context.
Starting from May 2013, the RES Exam Format will include a new Case Study Section in both Paper 1 and 2 in the form of multiple choice questions. Both Paper 1 and 2 will adopt the same format as follows:
I
. 2 papers each (2 ½ hours per paper)
II. Paper 1 comprising of the following:
III. Paper 2: Same format as Paper 1
With effect from the July 2011 RES examination, modular passing will be allowed. The results for July 2011 RES examination onwards will be in one of the following formats:
• Pass (P)
• Fail (F)
• Pass Paper 1; Fail Paper 2 (P1 F2)
• Fail Paper 1; Pass Paper 2 (F1 P2)
Candidates will be allowed to retake only their failed Paper from the August 2011 RES examination onwards. There shall be no retrospective consideration of results from earlier examinations taken from Jan to Jun 2011.
Important Note: There is no change to the examination requirement for RES course participants to pass the RES examination within 2 years from the date of issuance of the Certificate of Completion of RES Course. If they are unable to pass the remaining Paper within the 2-year timeframe, they will have to re-take the RES course and take the full RES examination i.e. both Papers 1 and 2.
1. 3 papers (2 ½ hours per paper) with 8 essay questions each
2. Candidates to answer any 5 out of the 8 questions for each paper
3. Candidates must pass all 3 papers in a single sitting
RES
1. 2 papers each (2 ½ hours per paper)
2. Paper 1: 70 MCQs and 15 short answer questions (100 marks)
3. Paper 2: Part I: 60 MCQs (carries 60 marks)
Part II: 60 MCQs (max 40 marks)
As part of the policy review on the RES Exam to ensure candidates possess the competency to practice in the estate agency industry, the RES exam format will be revised wef May 2013. The objective is to ensure candidates are able to analyse and interpret the issues in a practice-oriented case study context.
Starting from May 2013, the RES Exam Format will include a new Case Study Section in both Paper 1 and 2 in the form of multiple choice questions. Both Paper 1 and 2 will adopt the same format as follows:
I
. 2 papers each (2 ½ hours per paper)
II. Paper 1 comprising of the following:
- Section A : 50 MCQs (50 marks)
- Section B : 15 MCQs with reference to 1 or 2
- Case Studies (30 marks)
- Section C : 10 Fill-in-the-blank
- Short Answer Questions (20 marks)
III. Paper 2: Same format as Paper 1
With effect from the July 2011 RES examination, modular passing will be allowed. The results for July 2011 RES examination onwards will be in one of the following formats:
• Pass (P)
• Fail (F)
• Pass Paper 1; Fail Paper 2 (P1 F2)
• Fail Paper 1; Pass Paper 2 (F1 P2)
Candidates will be allowed to retake only their failed Paper from the August 2011 RES examination onwards. There shall be no retrospective consideration of results from earlier examinations taken from Jan to Jun 2011.
Important Note: There is no change to the examination requirement for RES course participants to pass the RES examination within 2 years from the date of issuance of the Certificate of Completion of RES Course. If they are unable to pass the remaining Paper within the 2-year timeframe, they will have to re-take the RES course and take the full RES examination i.e. both Papers 1 and 2.
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