Sunday, March 10, 2013

Property professionals' chapter launched

The Business Times - March 5, 2013
Employees' union starts body, offers training to those in real estate industry

THE Real Estate Professionals' Chapter, launched by the Singapore Industrial and Services Employees' Union (SISEU), has been established to address the needs and professionalism of the real estate industry.

The chapter will receive $20,000 in pilot funding support from the National Trades Union Congress's Employment and Employability Institute (e2i), which will be used for training costs.

There are four training bundles consisting of three core continuing professional development (CPD) courses that will address the different training needs of real estate professionals and broaden their talents.

Up to 200 professionals are expected to benefit from the training bundles, offered by independent real estate body SAEA.

Council for Estate Agencies director of regulatory control Chan Mun Kit believes the training plays a vital role.

"CEA launched the CPD scheme in April 2011 to ensure that salespersons keep up-to-date on the latest guidelines and regulations governing estate agency work and also learn how to conduct their work in a professional and ethical manner," said Mr Chan.

The training touches on topics, such as professional duties, advertisement guidelines, residential leasing and knowledge of new policies.

Under the regulatory regime of the CEA, professionals will have to undertake mandatory CPD courses in order to renew their salesperson's registration annually.

Currently, there are more than 30,000 registered professionals.

Real estate agents will have to pay $117 a year if they join the chapter.

They will receive a 50 per cent subsidy on course fees from e2i.

According to SISEU president Tan Peng Heng, union members will receive an additional 50 per cent subsidy on unfunded course fees from the Union Training Assistance Programme (UTAP).

"This additional subsidy is to encourage more union members to go for skills upgrading by helping to defray their training expenses."

NTUC secretary-general and labour chief Lim Swee Say was the guest-of-honour at the launch yesterday.

Martin Koh | 86666 944 | R020968Z
Sherry Tang | 9844 4400 | R020241C

Senior Sales Director
DTZ Property Network Pte Ltd (L3007960A)

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