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Must be at least 21 years old |
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Have at least 3 years of working experience as a salesperson |
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Have completed at least 30 property transactions within last 3 years or who have
sufficient experience in managing the business of an estate agent as an executive
director or partner, chief executive or sole-proprietor
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Must not be registered as a salesperson or be an existing KEO of another estate agent
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Passed REA examination or possessed equivalent qualifications
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Have minimum 4 GCE 'O' Level passes or WDA's Workplace Literacy & Numeracy (WPLN)
Level 5 or equivalent
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Undertake mandatory continuing professional development
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Fulfill fit and proper criteria such as
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| (i) |
Must not be an un-discharged bankrupt;
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| (ii) |
Must not possess criminal records involving fraud or dishonesty;
|
| (iii) |
Must not have previous track record of complaints or convictions
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Must not be a licensed moneylender or an employee, a director or a partner of
a licensed moneylender
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| Business Entity |
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Registered its business with ACRA
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Not to register a name which is similar to existing estate agents
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Put in place systems and processes to ensure proper management of business
and salespersons
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Covered under a valid Professional Indemnity Insurance for both business entity
and salespersons
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Must not be a licensed moneylender
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