The Merits of Car Ownership In Real Estate, AND, Getting Started!

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Hi,I just passed MAY RES exam and thinking to start as part-time agent first.I am 30 years old.Currently holding a full time job.Just want to know is that compulsory for agent to own a car? What should I do next to get start?

Posted by Mr. Pan YJ - 2014-06-21 23:03:36 - Viewed 85 times

Hello Mr Pan,

Thank you for your query as above.

Part 1 - ON HAVING A CAR:
Yes it does help, owning a personal car in the business allows you to access real estate marketing segments like serving tenants and serving buyers who are looking at multiple locations.  Having said that, there are ways to work around not owning a car.  Namely to focus and specialize on marketing segments that simply do not require you to own a car.  These segments would include:
A) Serving landlords
B) Serving sellers
C) GTA Homebase approach

These 3 market segments within the Real Estate world would not require you to own a car nor to drive.  Just good time management.

Part 2:  WHAT TO DO AFTER GETTING PASSING YOUR CEA EXAM

There are again 2 things here:-

Firstly, CEA course and exams deal with the legal aspects of real estate and NOT the money making, sales and marketing aspects.  Thus during this time when you were attending CEA Class, you should have been actively pursuing practitioner and apprenticeships in Real Estate.

Secondly, the CRITICAL part here is to select a mentor who is able and committed to train you.  The business is very much like the martial arts world.  Find a good teacher, and you will fight well.  Randomly pick one, and you leave your fate to sheer luck.  The joining up parts are very standard and all in, it would take you about 4 weeks to get your CEA license approval.

Hope the above sheds some light into your coming journey!

Best Regards,


Mervin Tang
Group Director
Division Lead Trainer, Project Sales
CEA Reg No. : R030951Z
Huttons Asia Pte Ltd

Mobile: (65) 9184 0208
Website: http://www.SGrealestate.sg
Sales Enquiry: mervintang@SGrealestate.sg
Career Discussions: http://sg-realestate-sg.blogspot.com/

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