Date/Time: 2 December 2026, 9.30am to 1.30pm via Zoom
4 Training Hours (Professional Competency) awarded.
Not Eligible for UTAP funding
Registration will close at 1:00 PM, one day prior to the course date. The confirmation email and Zoom link will be sent to registered participants by 6:00 PM on the same day that registration closes.
Course Fee
SIEA Member: $90.00
Non-Member: $120.00
Note: For SIEA members, please login to your account to enjoy member rate. UserID is your CEA registration number
[CRS-260224] Know Your OTP For Completed Properties To Close More Deals (KOCP)
CPD Category: Professional Competencies under Structured Learning (4 training hours awarded)
Course Duration: 4.0 hours
Funding: Not Eligible for UTAP funding
Course Synopsis:
This course provides real estate salespersons with a practical understanding of the Option to Purchase (OTP) and Sale & Purchase Agreements for completed/resale properties in Singapore. Participants will learn the key terms, differences, and common legal pitfalls associated with these contracts, enabling them to better support property transactions and avoid potential compliance issues. Drawing on the extensive experience of real estate lawyer and CPD trainer Mr Patrick Tan, the course offers valuable insights into real-world transaction scenarios.
Course Objective(s):
At the end of the course, participants / learners will be able to:
- Understand how the OTP works for completed/resale private and HDB properties.
- Identify the key terms and conditions of the OTP and distinguish it from the Sale & Purchase Agreement.
- Recognize common legal pitfalls arising from these contracts and how to avoid them.
Learning Outcome(s):
- Understand how OTP works for completed or resale private and HDB properties.
- Basic understanding of the OTP works.
- 2-stage process in OTP.
- Key differences between OTP for resale private properties and resale HDB flats.
- Understand the salient terms and conditions of OTP and how it differs from Sale and Purchase Agreements.
- Key terms and conditions of OTP
- Differences between OTP and SPA for resale private properties.
- When to use OTP and SPA?
- Understand the common legal pitfalls that may arise from these contracts.
- Failure to appreciate how OTP work and the 2-stage process
- Misinterpret the terms and conditions of OTP
About the Trainer
Patrick Tan, Chief Executive Officer of Fortis Law Corporation.
Mr Patrick Tan is the Founder and Chief Executive Officer of the law firm M/s Fortis Law Corporation. He specializes in commercial litigation and dispute resolution, wealth and legacy management, and real estate. He is an Advocate & Solicitor of the Supreme Court of Singapore, Commissioner for Oaths, a Fellow with the Singapore Institute of Arbitrators, and an accredited Mediator, appointed by the Singapore Mediation Centre and the Primary Dispute Resolution Centre of the Subordinate Courts of Singapore.
Patrick holds a LL.B (Hons) at the University of Nottingham. He received top honours, clinching several academic prizes in land law, company law and partnership law. Whilst at Nottingham, he served as an editor on the editorial boards of the University’s law society and Malaysian and Singaporean Society.