ERA Realty launches S$1m grant to attract new talent
With this initiative, new ERA agents pay S$100 for administrative, materials fees - instead of the usual sum of S$1,127
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Nisha Ramchandani
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Singapore
THE competition for agent acquisition is heating up, with ERA Realty Network launching a programme that will offset a significant portion of a real estate agent's initial fees to kickstart a career in real estate sales.
On Friday, ERA announced a S$1 million startup grant for new real estate salespersons joining the industry. With the grant, new agents joining ERA pay a sum of S$100 for administrative and materials fees, instead of the usual sum of S$1,127. This covers the joining fees of S$563.50 per agent in the first year, comprising an administrative fee (S$53.50), registration fee (S$230), compulsory work kit (S$180) and an additional S$100 subsidy for ERA's compulsory skills-based training that costs S$200. The grant also covers renewal fees for the following year, which will cost ERA S$463.50 per agent.
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