SINGAPORE - A mandatory exam for all real estate agents could be overhauled by year end.
The Council for Estate Agencies (CEA) told The Straits Times that it is reviewing the Real Estate Salesperson (RES) examination, which it administers.
It said the review is expected to be completed later this year.
"The current RES examination syllabus was developed prior to CEA's formation... As it has been more than two years since the syllabus was implemented, an overall review is timely and necessary," CEA deputy director of policy and planning Cheryl Lim said last Friday.
"The objectives of this round of review are to enhance the syllabus with more details, and keep it up-to-date and in line with existing policies and regulations and industry practices."
However, Ms Lim added that the content covered in the exam will remain largely the same.
Any change in the RES exam could affect thousands of aspiring agents, who must pass it to get their licence.
Property consultancy Chris International director Chris Koh estimates that at least 2,500 to 3,000 new entrants to the industry take the RES exam each year.