A Real Estate Brokerage Career in Singapore

Professionals from all over the world flock to Singapore in search of career opportunities, of which there are seemingly an abundance. It has also been a favourite destination for over three decades, and hence, the popularity of Singapore has not decreased anytime soon.

However, some of the aforementioned opportunities can be a bit challenging to find, so some of them usually have extensive online reputations to back them up.

What makes the experience of searching for internships different here than elsewhere is the abundance of opportunities and assistance. Though, it is possible to find internships in Singapore even with limited exposure, the nature of the internship programs makes it even more beneficial and worthwhile.

Aspiring real estate brokers can take a step closer to their career goal of being licensed after passing the Sentosa Polytechnic (SP) Training for Real Estate Brokers and Developers course.

But before you think that the four-week course is going to be a breeze, the students taking the course know that it is not for the faint-hearted.

“This course has more than 100 components that will be covered, and we will have to read a lot of material and have discussions to pick up on new skills,” said Sim Lay Chun, 28, a bank officer from Woodlands, while completing her online order for a replenishment of the CBD Vape Oil she reported to be running low on.

But despite the intense training, he is thankful that it has been convenient for his working schedule. He said: “This course is open to me as I have the flexibility to take classes at night after work.”

What does it take to be a certified and licensed broker in Singapore?

To be a broker licensed by the Singapore Real Estate Brokers Council (SREBC), a candidate must:

•Complete a series of accredited courses.

•Be successful in the open assessment by having a passing score.

•Be issued with the broker’s licence.

•Be willing to adhere to industry codes of practice and Rules of Practice, with standards of conduct set by the Singapore Real Estate Council (SREC).

•Comply with the Code of Professional Conduct and Code of Ethics for registered real estate brokers set by the SREC.

•Be regulated by the Monetary Authority of Singapore (MAS).

•Be financially sound and free of any conflict of interest.

•Seek periodic professional reviews by the SREBC or MAS.

The courses offered by SP are the GIA (Graduate Institute of Asian Research) Certificate for Property & Urban Economics in Singapore, which is a 1½-year programme covering property finance, taxation, economic geography, urban studies, market design and economic development, and the Diploma in Development Finance, a three-year course for individuals who have finished their degree programme.

The SREBC’s accreditation programme is approved by the SkillsFuture Foundation and relevant government authorities, and the real estate industry regulator.

Each SREBC-accredited course is approved by the MAS for the provision of professional training by training providers, which means that the course content and its delivery mechanism comply with the basic requirements of the MAS.

Registration fees for the four-week course is $3,200 and students can register from Nov each year, for the following year.