Asked by wayneee
What is the difference between RES and REA?
14552 views
2 Answers
In Singapore's property market, RES and REA stand for:
* **RES: Real Estate Salesperson**
* **REA: Registered Estate Agent**
Both RES and REA are licensed professionals who can help you with buying, selling, or renting properties. However, there are some key differences in their qualifications and the scope of their practice:
**RES (Real Estate Salesperson):**
* **Qualifications:** Lower entry barrier. Requires passing a basic course and obtaining a certificate from a certified course provider (CCP).
* **Supervision:** Must be supervised by a more experienced Registered Estate Agent (REA). They cannot operate independently.
* **Scope of Practice:** Can assist with basic property transactions, often under the guidance of an REA. Their tasks might include:
* Conducting property viewings.
* Assisting with property marketing and advertising.
* Facilitating communication between buyers and sellers.
* **Limited Responsibilities:** Cannot handle complex transactions or provide independent advice.
**REA (Registered Estate Agent):**
* **Qualifications:** Higher entry barrier. Requires a diploma in real estate or a relevant degree, followed by passing the Qualifying Examination for Registered Estate Agents (QEREA). They must also have at least two years of experience as an RES under an REA's supervision.
* **Supervision:** Can operate independently and without supervision.
* **Scope of Practice:** Have a wider scope of practice and can handle more complex property transactions. Their tasks might include:
* Valuing properties.
* Negotiating sale or purchase prices.
* Drafting and finalizing sale and purchase agreements.
* Providing property market advice.
* **Greater Responsibilities:** Have a higher level of responsibility and must adhere to a stricter code of ethics.
**Choosing Between RES and REA:**
* **For simpler transactions:** If you're dealing with a straightforward property transaction (e.g., selling a vacant condo), an RES under the supervision of a qualified REA might be sufficient.
* **For complex transactions:** For more complex transactions (e.g., selling an investment property with tenants, buying a commercial property), an experienced REA is recommended due to their broader knowledge and expertise.
**Here are some resources for more information:**
* **Singapore Estate Agents' Association (SEAA):** [https://www.seaa.org.sg/](https://www.seaa.org.sg/)
* **Council for Estate Agencies (CEA):** [https://www.cea.gov.sg/](https://www.cea.gov.sg/)
**Remember:** It's always best to **research and compare** different RES and REA professionals before choosing one to represent you. Consider their experience, specialization, and fees when making your decision.
- If you need further assistance, feel free to reach out to me! Unfortunately, this platform doesn't allow direct contact, but you can contact me via WhatsApp at 9856 9255 or visit https://wa.me/6598569255.
- I'm here to help with no obligations and happy to answer any questions you have.
- You can check out my reviews at https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
- For buyers:
- I can help you find resale and new private homes such as condominiums or landed properties.
- There are currently no fees charged for my services.
- I can connect you with a reputable banker for private housing loan (In-Principle Approval) at no charge and no obligation.
- For mortgage home insurance matters, I have a partnering liaison to assist with your needs. Read More
* **RES: Real Estate Salesperson**
* **REA: Registered Estate Agent**
Both RES and REA are licensed professionals who can help you with buying, selling, or renting properties. However, there are some key differences in their qualifications and the scope of their practice:
**RES (Real Estate Salesperson):**
* **Qualifications:** Lower entry barrier. Requires passing a basic course and obtaining a certificate from a certified course provider (CCP).
* **Supervision:** Must be supervised by a more experienced Registered Estate Agent (REA). They cannot operate independently.
* **Scope of Practice:** Can assist with basic property transactions, often under the guidance of an REA. Their tasks might include:
* Conducting property viewings.
* Assisting with property marketing and advertising.
* Facilitating communication between buyers and sellers.
* **Limited Responsibilities:** Cannot handle complex transactions or provide independent advice.
**REA (Registered Estate Agent):**
* **Qualifications:** Higher entry barrier. Requires a diploma in real estate or a relevant degree, followed by passing the Qualifying Examination for Registered Estate Agents (QEREA). They must also have at least two years of experience as an RES under an REA's supervision.
* **Supervision:** Can operate independently and without supervision.
* **Scope of Practice:** Have a wider scope of practice and can handle more complex property transactions. Their tasks might include:
* Valuing properties.
* Negotiating sale or purchase prices.
* Drafting and finalizing sale and purchase agreements.
* Providing property market advice.
* **Greater Responsibilities:** Have a higher level of responsibility and must adhere to a stricter code of ethics.
**Choosing Between RES and REA:**
* **For simpler transactions:** If you're dealing with a straightforward property transaction (e.g., selling a vacant condo), an RES under the supervision of a qualified REA might be sufficient.
* **For complex transactions:** For more complex transactions (e.g., selling an investment property with tenants, buying a commercial property), an experienced REA is recommended due to their broader knowledge and expertise.
**Here are some resources for more information:**
* **Singapore Estate Agents' Association (SEAA):** [https://www.seaa.org.sg/](https://www.seaa.org.sg/)
* **Council for Estate Agencies (CEA):** [https://www.cea.gov.sg/](https://www.cea.gov.sg/)
**Remember:** It's always best to **research and compare** different RES and REA professionals before choosing one to represent you. Consider their experience, specialization, and fees when making your decision.
- If you need further assistance, feel free to reach out to me! Unfortunately, this platform doesn't allow direct contact, but you can contact me via WhatsApp at 9856 9255 or visit https://wa.me/6598569255.
- I'm here to help with no obligations and happy to answer any questions you have.
- You can check out my reviews at https://www.propertyguru.com.sg/agent/able-s-k-toh-61591.
- For buyers:
- I can help you find resale and new private homes such as condominiums or landed properties.
- There are currently no fees charged for my services.
- I can connect you with a reputable banker for private housing loan (In-Principle Approval) at no charge and no obligation.
- For mortgage home insurance matters, I have a partnering liaison to assist with your needs. Read More
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