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Hi all,

I've just passed the RES and I'm sti considering my options for now. I've received a flyer after my exams and it was comparing the "company tax" between the big 5 agencies which ranges between 10k - 19k+ for new agents.
What is this tax for? Does this tax need to be paid to the company annually? Is it applicable even if my earnings are less than the stated amount?

I've recently graduated from a master's in marketing analytics and I'm currently working as a data analyst focusing on marketing and trends. I enjoy my work and I'm not looking to pursue becoming a real estate full time. I'm just wondering if I have to pay 10k+ to be registered under an agency when I'm uncertain how much I can earn from this part time/ as hoc.
I'm also interested in analytics for real estate and if my analytics/ machine learning skillset can be applicable to any agencies/ team I would love to explore that option.
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3 Answers

Hi JL,

Congrats on passing your RES. You do not need to pay any taxes to the agency you are registered with. Some agencies though expect you to pay for your own CEA registration fees and practising license on top of the Professional Indemnity, while some agencies like the major ones will absorb the registration fees. The only tax applicable will be on your income. I have a team of part timers or freelancers with me and perhaps it could be something we can explore together on the opportunities working together.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Salesperson Registration No. R014783H
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
[main] +65 6471 8888  [mob] +65 81577565  [LDA] +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
1
Hi, I am William Goh, 16+ years in this industry and a Team Leader in PropNex, hp 9477-3900  , and I am using Andrew’s account to reply you. Andrew is also my business partner.
Not sure how the flyer mentioned about tax payments upon joining. Anyway to join any agency, there is no such thing as tax payments, you only pay the required joining fees. As for my agency, PropNex currently have joining package where all the registration fees are paid on your behalf, so you pay nothing when you sign up. I sincerely welcome you to be part of my team in PropNex.
Before deciding which agency & mentor to join, I strongly urge you to arrange 1-1 meet up with your potential mentor to understand the mentor supports and the platform supports from the agency, eg training road map and sharing culture, etc, etc.
I joined PropNex as a brand new agent after my ‘golden handshake’ from my previous company. Had been in PropNex for 16+ years and leading a team. Some of my members are recruiting too.
I sincerely welcome you for 1-1 meetup before you decide.
Please feel free to email, call/sms me (William Goh) @9477-3900, if you need any clarifications. Look forward to hear from you.
Lastly, I sincerely welcome you to visit my (William Goh) website, fb & IG, to know more about me and RES journey:
My website: www.williamgohproperty.com
My facebook
https://m.facebook.com/williamgohpropnex?fref=nf
My IG: Williamgoh88_realtor
Best Regards, William Goh, mobile 9477-3900 
Senior Group District Director
Team Leader/Recruitment/Training
CEA Reg No: 010617A
Powerful Negotiator, The No 1 Team in PropNex
Email: williamgoh88@gmail.com Read More
0
Exclusive invitation for you to join us in our upcoming career seminars happening on 22nd August 2023 for experienced agents and 24th August 2023 for new and aspiring RES. Get connected with me to find out more about these seminars where we will be unveiling our suite of tools providing our agents with unfair technological advantages over others.

I have been in the real estate business since 2009, with more than 13 years of experience serving the Singapore real estate market.

I am very active in the residential segment of Singapore real estate market, having transacted hundreds of deals from HDBs to private condominiums and landed properties in Singapore, and have handled many unique cases in sales and purchases as well as rental deals.

Over the years, I have also established a network reaching out to more than 9,400 expatriates, bringing my market presence to both in and outside of Singapore. This has created an additional exposure when I manage my client's portfolios, on top of the conventional on and offline platforms, where other estate agents are relying on. This has allowed me to consistently convert leads into results.

With an evolving market, where change is the only constant, I have also been investing in upgrading of my knowledge and skills sets to improve myself and meet the demands of current and future market.

We are offering our clients a complimentary first consultation without obligations (Absolutely FREE!). Schedule for your FREE session today!

Warmest regards,
Geryl Lim
Associate Group Director
Email: geryl.lim@orangetee.com / geryl7772@gmail.com
OrangeTee & Tie Pte Ltd 430 Lorong 6 Toa Payoh #01-01 OrangeTee Building Singapore 319402
Estate Agent Licence No. L3009250K
 +65 92787772 
www.geryllim.com

My self introductory video on https://www.youtube.com/watch?v=S_2NydENfx0

-----

Note: We value your home as much as you do! Find out the indicative value of your home at http://bit.ly/UrHomeMatters and get monthly update on your home value. Restructure your portfolio with us, speak to us!

Tenants can visit http://bit.ly/SGExpatRental (Official Rental Requirements - Singapore Expatriates) to indicate your rental requirements.

Visit and Like my facebook page at https://www.facebook.com/GerylLimSince2009/ - Aspiring To Be The Best Real Estate Agent In Singapore

Pick up knowledge, skills and Real Estate concepts at https://www.facebook.com/RealEstateXcellence/

New Singapore Expatriates on facebook is up and running. Come join us at https://www.facebook.com/groups/newsgexpats/

-----
Landed Dynamic Alliance
Home of *7772 Hotline
Check out our latest Landed Dynamic Alliance 7772 mobile application on iOS or Android @ http://l.ead.me/7772 Read More
1

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