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Under the new regulatory regime administered by the Council for Property Agencies (CEA), one of many registration criteria for property brokers (or individual salespersons) is that they have to move the CEA's Actual Estate Salesperson (RES) examination or have equivalent qualification. This is to ensure that agents desiring to do estate agency work are properly certified, professionally competent and be capable of work effectively in the real estate trade. Equally important is that they have to uphold good ethical requirements

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If the residential properties are furnished, you need to charge GST on the availability of movable furnishings and fittings Nevertheless, fixtures reminiscent of built-in cabinets and wardrobes, kitchen and sanitary wares, wall-mounted air conditioners which are connected permanently to the residential property could be exempted from GST along with the property. Please refer to FAQs for information on methods to account GST on the sale and lease of furnishings and fittings.

And there was no logical reason why I would want to be part of the actual property line. I'll normally lie when folks ask. As a result of I'm afraid of them realizing that I became a property agent just because my first boyfriend, who had dumped me, was at that time, a property agent. CEA registration is required for anybody to practise actual estate in Singapore. Registration can only be executed after the candidate passes RES exams. Candidate with RES passes can be required to do the CEA registration through a real estate agency. I'll present private steerage throughout the process. Actual estate providers. Property companies embody sales, leasing, property and asset management, valuation, analysis and consultancy. sixty four offices in Asia Pacific and over 290 workplaces worldwide.

Many homeowners select a real estate agent who tells them the highest value, or one who charged the lowest fee. Steer clear of an agent who promise you that your home can fetch greater than the market price. That agent simply desires your small business. You will end up not having the ability to promote your house for a number of months, then the agent will convince you to lower your asking value. His suggestion? Cash out and use a part of the income as downpayment for a new dwelling. Invest the remaining in another property to gather lease. Buyers can borrow as much as 80 per cent of the value of their first personal residential property, and 60 per cent for the second. Kelvin points out that there isn't a such cap for business properties as long as you meet the financial institution's mortgage standards.