Requirements

In order to be a CENTURY 21 Franchisee, one must be an Appointed Key Executive Officer (KEO).

To be an Appointed KEO:

- Must be at least 21 years old

- Have at least 3 years of working experience as a salesperson

- Have completed at least 30 property transactions within last 3 years or who have sufficient experience in managing the business of an estate agent as an executive director or partner, chief executive or sole-proprietor

- Must not be registered as a salesperson or be an existing KEO of another estate agent

- Passed REA examination or possessed equivalent qualifications

- Have minimum 4 GCE 'O' Level passes or WDA's Workplace Literacy & Numeracy (WPLN) Level 5 or equivalent

- Undertake mandatory continuing professional development

- Fulfill fit and proper criteria such as

i) Must not be an un-discharged bankrupt;

ii) Must not possess criminal records involving fraud or dishonesty;

iii) Must not have previous track record of complaints or convictions

- Must not be a licensed moneylender or an employee, a director or a partner of a licensed moneylender

 

Business Entity

- Registered its business with ACRA

- Not to register a name which is similar to existing estate agents

- Put in place systems and processes to ensure proper management of business and salespersons

- Covered under a valid Professional Indemnity Insurance for both business entity and salespersons

- Must not be a licensed moneylender