Apply for Estate Agent Licence

A) For New Estate Agents

New estate agents can submit an application for a licence to CEA from 1 Nov 2010 onwards.

Any entity that conducts estate agency work, be it through a salesperson or a digital platform, is required to apply for an estate agent licence. The application for a licence shall be submitted by the Key Executive Officer (KEO) of the estate agent. The KEO is the person who will be responsible for the proper administration and overall management of the business of the estate agent and the supervision of its salespersons, eg. CEO, COO or MD.

Forms                                                         
Action
Licence Application Form (PDF,104KB)
Download the forms, fill in the requisite information and mail the completed forms with the supporting documents to:

Council for Estate Agencies
480 Lorong 6 Toa Payoh
#13-01 HDB Hub East Wing
Singapore 310480
Giro Application Form (PDF,336KB)

B) Licensing Criteria for New Estate Agents

The licensing criteria for a new estate agent are as follows:

  1. The estate agent must be a registered entity with ACRA
  2. The estate agent must have a Key Executive Officer (KEO) who satisfies the requirements of the Act and Regulations
  3. The estate agent must not hold a moneylender's licence
  4. None of the estate agent's directors or partners or sole-proprietor or KEO hold a moneylender's licence, or are an employee, director, or partner of a licensed moneylender
  5. The estate agent is fit and proper, such as is not in liquidation or wound-up or in receivership, has not entered into a composition or scheme of arrangement with its creditors, does not have any convictions, does not have any judgment that involved a finding of fraud, dishonesty or breach of fiduciary duties entered against it in civil proceedings
  6. The estate agent's KEO and all directors or partners or persons responsible for the management must fulfil the fit and proper criteria under the Estate Agents Act. 

    CEA shall determine if the person is fit and proper for registration after considering all relevant facts and matters. In the circumstances listed below, a person shall not be fit and proper for registration, unless CEA determines otherwise:

    1. Where the person has been convicted of an offence involving dishonesty or fraud, or any offence under the Estate Agents Act
    2. Where the person has had a judgment entered against him / her in civil proceedings that involve a finding of fraud, dishonesty or breach of fiduciary duties on his / her part
    3. Where the person is an undischarged bankrupt or has made a composition or arrangement with his / her creditors
    4. Where CEA takes the view that a person is not fit and proper after considering any other relevant facts or matters

    Note : The person is required to declare all prior convictions in a court of law (including a military court), in Singapore or in any other country.

    Example:  A person who was previously detained under the Misuse of Drugs Act or served with a detention / police supervision order under the Criminal Law (Temporary Provisions) Act would generally be deemed to be not fit and proper for registration, unless CEA determines otherwise after considering all facts and matters (including circumstances of the prior detention / supervision)

  7. The estate agent must have a valid Professional Indemnity Insurance policy that covers the estate agent and all its salespersons. All the partners, where applicable, must also be covered by the Professional Indemnity Insurance.
  8. The estate agent must have Standard Operating Procedures and guidelines such as for training & supervision of salespersons, complaints-handling & dispute resolution, advertising & printing of publicity materials, protection of confidentiality of clients' information and service standards for its operations

The appointed KEO of the estate agent must:

  1. Have a minimum of 4 GCE 'O' Levels passes or equivalent
  2. Possess a pass in the Real Estate Agency (REA) exam, or equivalent
  3. Be a sole-proprietor, director or partner of the estate agent
  4. Have at least 3 years experience working under a licensed estate agent
  5. Have concluded at least 30 transactions in the last 3 years as or on behalf of a licensed estate agent or have at least 3 years of experience in managing the business of a licensed estate agent as an executive director, a chief executive, key executive, key executive officer, partner or sole proprietor.
  6. Not currently be a sole-proprietor, practising director or partner, KEO, or salesperson of another licensed estate agent
  7. Not been previously a sole-proprietor, KEO, director or partner of an estate agent whose licence was revoked
  8. Not hold a moneylender's licence and is not an employee, director, or partner of a licensed moneylender
  9. Not be in arrears with the Central Provident Fund (CPF) Board for Medisave contribution. This also applies to directors and partners of the estate agent. Please click here to check if you have Medisave liabilities.

The information above also applies to the practising partners in General and Limited Partnerships, and practicing directors in Companies.

For applications involving foreigners, estate agents should first check with CEA on the type of employment pass they should possess.

C) Licence & Registration Fees

The annual registration fee per salesperson is $230. The application fee to register salespersons and to renew the registration of salespersons is $53.50 (inclusive of GST) per registration.

The annual licence fee* for estate agents is shown in the tables below. The application fee for a new licence and renewal of licence is $107 per licence (inclusive of GST). Payment is to be made via crossed cheques/cashier orders made payable to 'Council for Estate Agencies' only.

Estate agents shall be responsible for the payment of the estate agent's licence fee and the registration fee of their salespersons, as well as the application fees for licence and registration. The application and registration fees for salespersons and renewal of licence shall be paid by GIRO.

*Note:

  • The licence and registration fees for each year of licence or registration are payable annually irrespective of the validity of the licence or registration being for a period of more than 1 year.
  • The application and registration fee of salesperson is also payable when there is an application by an estate agent of a salesperson switching estate agents (such as leaving/ intending to leave 1 estate agent to join another estate agent).

Annual Licence Fee for All Businesses and Companies (Except General Partnerships and Limited Partnerships)

Size of Estate Agent
(No of salesperson)
Annual Licence Fee (excluding GST)
1 to 10
$330
11 to 30
$660
31 to 50
$1,100
51 to 500
$2,200
501 to 1000
$3,300
 1,001 to 2,000
$4,400
 2,001 to 3,000
$5,500
 3,001 to 4,000
 $6,600
 4,001 to 5,000
 $7,700
 5,001 to 6,000
 $8,800
 6,001 to 7,000
 $9,900
 7,001 to 8,000
 $11,000
Every additional 1,000 salespersons
(or part of 1,000 salespersons)
Increase of $1,100

 

Annual Licence Fee for General Partnership and Limited Partnerships

Size of Estate Agent
(No of salesperson)

 Annual Licence Fee (excludes GST)
 1 to 10
 $330 + ($230 for each practising partner)
 11 to 30
 $660 + ($230 for each practising partner)
 31 to 50
$1,100 + ($230 for each practising partner)
 51 to 500
$2,200 + ($230 for each practising partner)
 501 to 1,000
$3,300 + ($230 for each practising partner)
 1,001 to 2,000
$4,400 + ($230 for each practising partner)
 2,001 to 3,000
 $5,500 + ($230 for each practising partner)
 3,001 to 4,000
 $6,600 + ($230 for each practising partner)
 4,001 to 5,000
 $7,700 + ($230 for each practising partner)
 5,001 to 6,000
 $8,800 + ($230 for each practising partner)
 6,001 to 7,000
 $9,900 + ($230 for each practising partner)
 7,001 to 8,000
 $11,000 + ($230 for each practising partner)
 Every additional 1,000 salespersons
(or part of 1,000 salespersons)
 Increase of $1,100 + ($230 for each practising partner)

 

Example 1 
An estate agent (Private Limited Company) has 40 salespersons. 
Annual licence fee                    = $1,100 
Annual registration fee              = $9,200 ($230 x 40) 
Total fee deducted from GIRO   = $10,300 (excluding GST)

Example 2 
An estate agent (General Partnership) has 4 partners of which 3 will be practising partners, and 5 salespersons. 
Annual licence fee                   = $1,020 [$330 + ($230 x 3)] 
Annual registration fee             = $1,150 ($230 x 5) 
Total fee deducted from GIRO  = $2,170 (excluding GST) 

D) Processing Your Application

CEA will need to process each application and shall revert as soon as practicable.

If the application is approved, CEA will send a notice of approval to your email address stated in the application form. No hardcopy licence will be issued. Estate agents may download and print their licence by logging into the E-services using their CorpPass.

E) Duty to Notify CEA of Changes to Information Submitted in any Application or Form

Once an estate agent is licenced, the estate agent or KEO shall notify CEA of any change to the information contained in any application or form submitted to CEA within 7 days after the date of the change. Any notice of the changes can be made through the E-services. Click here to log into the E-services.

Some of the changes that the estate agent shall notify CEA are:

  1. Changes in the Estate Agent Information.
  2. Changes in the Key Executive Officer (KEO) Information. If a vacancy occurs in the post of KEO by  reason of the death, resignation or revocation of appointment of the KEO, the estate agent shall within one month of the KEO ceasing to carry out his duties, appoint another KEO.
  3. Changes in the Directors/Partners Information. For new practising director/partner criteria, click here.
  4. Changes in the Majority Shareholder (for Company). The estate agent shall inform CEA and send the new ACRA Business Profile to licensing@cea.gov.sg.
  5. Cessation of salesperson’s authority to act for the estate agent, i.e. termination or resignation of a salesperson.