1/4/2024 0 Comments Rea com study centerbe conversant with good business development and office management practices.be conversant with prescribed regulations and practices governing private residential, HDB, commercial and industrial property sales and tenancy transactions.have sufficient knowledge of laws governing estate agency work and how they relate to practice.have a good knowledge of real estate agency business and the real estate agent industry.Through training at the Real Estate Agency course, candidates are expected to be equipped to: 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 with such laws or regulations when advising their clients in foreign property 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. All practising company directors and partners are also required to pass the CEA’s Real Estate Agency (REA) examination. These are stipulated in the Code of Practice under the Estate Agents (Estate Agency Work) Regulations 2010. The KEO must also demonstrate to the Council for Estate Agencies (CEA) that he has put in place the appropriate policies and procedures for the management of the business. 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.Īs 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 having equivalent qualifications.
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