Do you take an interest in lands and properties? Are you looking for a successful career as a real estate agent? To be more specific, are you wondering what does it take to be a real estate agent?
A real estate agent helps people find and sell lands and buildings to their clients. Moreover, becoming a real estate agent can be pretty easier than many other careers. Plus, the reputation and earning potential is very high in this career. So in this blog, we are all in to explain what does it take to be a real estate agent.
Table of Contents
Who is a Real Estate Agent?
Before we jump into what does it take to be a real estate agent, let us understand who is a real estate agent first.
A Real Estate Agent is a person whose business is to find and help in advertising, selling, and renting real estate properties like houses, lands, offices, or buildings of an owner. They are professionals who form a bridge between buying clients and selling clients of a property. The real estate agent also represents on behalf of the buyer or seller during a real estate transaction.
Buying and selling of land or a house is an important aspect of people’s life. People want to rely on a person who will bring them trustworthy people, from whom they can buy a good property or sell their property to someone reliable. Estate agents negotiate sales and lettings of residential and commercial properties with clients, solicitors, and other property professionals.
Developers may contact you to ask you to help them sell their new house. Private clients may also come to you to find a residential property. As an estate agent, you will also need to be in frequent contact with banks, building societies, mortgage brokers and surveyors, solicitors and other estate agencies during transactions. Moreover, you may also need to take part in handling sales that take place through auctions:
As an estate agent, you will specialise in one of the following areas
- Residential sales
- Residential lettings
- Commercial sales
- Commercial lettings
- Rural estate
The average salary of a real estate agent at the beginning is £15,000 per year. As you become experienced, the earning may rise up to £40,000-£60,000 per year. For managerial positions, it can go up to £100,000.
Responsibilities of Real Estate Agent
The second thing that you must know before getting into is what does it take to be a real estate agent is responsibilities. There are numerous roles you have to play as a real estate agent.
Here are some day-to-day duties of a real estate agent.
1. Checking properties, collecting accurate information and take pictures of the property.
2. Advising and instructing during the buying and selling process
3. Estimating the value of a property
4. Advertising and marketing the property for selling it at the best price
5. Assisting potential buyers to look around the property
6. Price negotiation that is acceptable by both buyers and sellers.
7. Doing legal paperwork for buying or selling a property
8. Booking or arranging surveys and energy assessments.
9. Managing rental properties and collecting rents.
10. Making sure properties meet legal and health and safety requirements, e.g. gas safety certificates
What Does it Take to Be A Real Estate Agent?
Now it is time to learn what does it take to become a real estate agent. In the UK, you do not need to fulfil a high requirement to become an estate agent. You don’t need to have any specific higher degree or licence to start a career in real estate. However, you still need to look at some aspects and steps of becoming a professional real estate agent. Gain a good understanding of the UK real estate industry to become a real estate agent. Let us see what does it take to become a real estate agent in the UK.
1. Age and Legality
One of the important things that employer takes into consideration while hiring real estate agents is age and nationality. In order to become a real estate agent, you need to be 18 years old or above.
You also need to have a national identity with a driving licence. It will ensure that you have an understanding of the industry you are walking into. Moreover, real estate agents need to have a high understanding of the geography of the city and country. The driving licence gives proof of your nationality. Furthermore, you need to commute to different places every day for property checking. For this reason, you might be given transport or have your own. A driving licence is essential in this case.
2. High School Education
The most basic form of education you need to become a real estate agent is High School Education. You need to have a high school degree or equivalent. In addition, you need to have standard grades on relevant subjects of the real estate agent. If you do not want to take a university degree in any subject, a high school degree is significant in this case.
Here are the key high school requirements to get take higher education to take a degree:
- 1 or 2 grades in A level subjects or equivalent to get into the foundation degree or higher national diploma.
- At least up to 3 grades on A level subject or equivalent to enrol in a Degree program.
However, you can get into this career without attending any kind of degree program.
3. Get the Upper Hand With University Degree
The third requirement to be a real estate agent is a university degree. Though it is not a legally compulsory step, but it definitely gives you an upper hand in the employment market race. In addition, a relevant degree in your CV will show your hiring company that you are trained for the real estate industry and can handle its responsibilities.
You can enrol into Bachelor’s and Master’s Degrees in a Real Estate Program. Many universities are offering it to students who have existing backgrounds from high school. Moreover, you can also get into a real estate career with Bachelor’s and Master’s degrees on:
- Business studies
- Civil and structural engineering
- Estate management
- Property development or management
- Urban and land studies
4. Take Training and Certificate Programs
If you do not want to go for a university degree, don’t worry, you can still enter the real estate agent job. This brings us to the 4th aspect of what does it take to be a real estate agent. You can take training and certificate programs that cover everything to become a real estate. There are plenty of courses that you can take to get yourself trained and certified. Moreover, the courses can be specialised in residential, letting, or commercial real estate.
You can complete a real estate training course within few months. The things you will learn in certificate courses are working with clients, when and how an agent becomes involved in the process of selling or buying a property, property market values, sales, financing, and negotiation. You will also be taught the legal requirement and expectations of the real estate agent.
John Academy is offering an exceptional course, Estate Agent Diploma CPD Accredited, which is suitable for everyone who wants to get into the real estate industry. The course helps you to learn all the necessary real estate skills, gives you industry insight. Moreover, you can also test your knowledge with mock exams and quizzes. Additionally, you will get an instant certificate for successfully completing the Final exam. Most importantly, you can learn from the course at your own pace.
Likewise, there are different membership agencies like the Independent Network of Estate Agents or the National Association of Estate Agents. They are offering courses to train real estate agents. You can also continue education and classes in these agencies after you have become an agent.
5. Level up Your Skills
The most important part of what does it take to be a real estate agent is the skills. There are a number of skills you need to have in order to be a successful real estate agent. But the three most important skills that you cannot do without are communication, interpersonal and negotiation skills.
In order to be successful in real estate, you need to be a people person to crack a deal. As a result, you need to have clear communication skills to communicate with your clients. Therefore, a real estate agent job is for someone who likes to interact with other people. In addition, you need to have good listening skills to understand your client’s needs.
Interpersonal skills help you to understand your clients and make them feel valued. Show your clients that you’re paying attention by using non-verbal clues such as nodding and smiling when discussing what they want.
Additionally, you need to have great negotiating skills so that you can bring the best deals to your clients. You need to estimate a maximum and minimum price after discussing it with your client so that you know which price to stick with when negotiating with the buyer or seller.
Overall, you need the following skills and knowledge to be a Real Estate Agent:
1. Customer service skills
2. Efficient product and service selling ability
3. The capacity to work independently
4. Attention to detail
5. Persistence and determination
6. Patience and stress management skills
7. Being able to take criticism and work well under pressure
8. Excellent communication skills
9. Technical skills
There you have it—a list of what does it take to be a real estate agent. A career in real estate can be very rewarding, and you will have many options to choose from. You just need to be determined to get your training and skills up and make a great resume of it. So get started today with our Estate Agent Diploma CPD Accredited course.