ERA launches $1m grant to attract new property agents.
SINGAPORE - ERA Realty Network has announced a $1 million grant to help offset joining fees for new real estate salespersons joining the industry.
With the grant, new agents joining ERA pay a sum of $100 for administrative and materials fees, instead of the usual amount of $1,127. This covers the joining fees of $563.50 per agent - comprising admin fee ($53.50), registration fee ($230), compulsory work kit ($180) and an additional $100 subsidy for its compulsory skills-based training that costs $200. The grant also covers renewal fees for the following year, which will cost ERA $463.50 per agent.
ERA said in a press release: "Given global economic uncertainty, this startup grant comes in handy for the weak labour market that has been affected by the fast-paced technological change and companies undergoing reorganisations, mergers and acquisitions this year."
Adapted from The Straits Times 24 March 2019