I'm considering a career change and am gathering some info on the career pathway to becoming a real estate agent.
How long is the course?
What are the ongoing licensing requirements?
What are the biggest challenges with starting out?
Is there much of a future on this career?
halfway? That is being kind…. more like 95%!
he's failed already
the topic should have been
I'm fully sick, going to be real estate agent, gonna make millions come watch me, where do i buy high yield AMG
The biggest challenge is not selling properties.
That's dead easy.
realestate.com.au does that for you.
Its getting the listings in the first place!
No course covers this in great detail
It is one of the biggest challenges when starting out and where most fail
Your future depends on how well you develop an ongoing flow of listing leads and hence how well you become connected
So think about how you are going to get your listings first
The rest is easy
How difficult is it to become a real estate?
I too would like to know how to become a real estate
But seriously if you can live with yourself being looked upon as pretty much the bin chickens of the world then go for it.
For everyone looking in it's a job that requires zero knowledge and 100% BS.
He's edited it now, lol
Dammit
I guess when you go to the grave.
Or become an earth bender.
clap clap
Slow?
Better to try to be agent during downturn. If you try during the upturn, just as your finding your feet, the market tanks and you've wasted all your time.
The important thing in Real Estate is finding houses to sell, not selling them so much.
If you have a wide network of colleagues, friends, family, and if you can run the line between not being too pushy, but convincing them you will be a good person to sell their house, you can be successful.
To get into the job you need to complete a short course and get a job with an established agent. I don’t know how it works today, but in the past this usually meant you worked on commission only for quite a while, till you could prove yourself. On the bright side, most work is weekends or after hours, so you can keep another job.
Is there a future? Sure, but in my opinion, probably for only about half the current number of real estate agents. At the moment, many people are in the industry for boom time profits. In a flat market these don’t exist, and lots more work is needed. People will leave to go elsewhere.
If you are young, the other possible entry is via rental admin, but that is probably not what you are after as a career change.
100% this. You will spend 90% of your time trying to get new listings. Houses sell themselves in the current market so there's incredible competition for new clients.
As a new starter you will be the gopher and everyone will get a cut of anything you source.
These days it is illegal to be hired commission only unless you can show proof over a recent 12 month period that you can earn more than minimum wage. Not to say it doesn't happen though can't be easy to find an employer willing to take a chance on an unproven agent.
Certificate IV in Real Estate Practice
https://training.gov.au/training/details/CPP41419
https://www.myskills.gov.au/courses/details?Code=CPP41419
Average Course Fee: $2425
$2425 is the average course fee entered on My Skills by 22 training provider(s).
Average Course Duration: 1 Year
1 Year is the average course duration entered on My Skills by 22 training provider(s).
https://www.reiq.com/articles/how-to-become-a-real-estate-ag…
https://www.reiq.com/training/registration/
https://www.qld.gov.au/law/laws-regulated-industries-and-acc…
https://www.qld.gov.au/law/laws-regulated-industries-and-acc…
You will need to pay certain fees when you lodge your license application. These include:
the licence fee of $1,508.60 for 1 year or $2828.60 for 3 years
a criminal history check fee of $39.55.
You will also need to attach your proof of qualifications.
That's a rip-off if I've ever seen one. Then again, this is the business of ripping people off so…
If fake it until you make it, is your thing, go for it.
Can you lie while holding a straight face?
If yes welcome to the club
Step 1) get veneers
Step 2) throw away your morals and ethics
Step 3) tell everyone that "Now is a great time"
Step 4) laugh and agree with anything anyone says
Step 5) learn the phrase "there are some very interested buyers"
How difficult is it to become a real estate?
LOL at this title!
Already been said, but you need to abandon all morals that you previously held and be prepared to lie on an hourly basis, cheat, bulls**t and con everyone all in the name of….i actually don't know what.
WHY WOULD YOU WANT THIS BS JOB ???
What is your current job? Seal killer? Arms dealer? Meth maker?
WHY WOULD YOU WANT THIS BS JOB ???
…because you need minimum skills and training, but it can lead you to become a millionaire.
My history is the opposite, studying and working a STEM for minimum pay, I'm doing life wrong, and the tough times makes me question if I should abandon my morals.
studying and working a STEM for minimum pay
You are probably in S for science then.
Tech (Devs are on $150k+)
Engineering (depends on if you are willing to locate to where the jobs are $100k+)
Maths (plenty of math wiz working as qants or traders $150k+)
Can make good money.
But then in every field there is people with same degrees and people struggling and people who are just lucky.
Can confirm, in S for science. Rubbish industry.
@Velt: Yeah, Science.
I've discovered it's more about who you know rather than what. Met plenty of idiots in higher roles or companies who don't deserve to be there.
With that said, I suck at promoting myself, so that doesn't help. And if you get stuck working for a pathological workplace, it's really difficult to get yourself out. It helps if you have a safety-net, or don't have dependents, or just a courageous individual. I had all three, hence why, was doing life wrong.
As the old adage goes:
When I was young I was poor. But after decades of hard work, I'm no longer young.
@Kangal: At least when you die you will have contributed positively to the human race, unlike the bloodsucking leechers who are just in it for the money. Be happy that your efforts are valued, well at least I value your contribution to society.
I didn't think it looked that bad for the average research scientist. $78k average, hitting that $100k+ mark later in life.
Also, morals aren't career-specific. There's immoral researchers who are out there fudging the figures/numbers to get grants and promotions. https://www.smh.com.au/national/university-investigates-clai…
https://www.abc.net.au/news/2019-10-17/unsw-skin-cancer-levo…
Is there another path within science that might give you a better feeling of accomplishment at least if not also better pay? It could be a matter of just lopping on a 1 year grad dip to move into a preferred niche, or joining a start-up in a field that your skills are valued.
Might need to call yourself Beemajack now
That depends, what industry are you coming from? You'd want to know sales, and customer service. You'd also want 6+ months income saved (depending on whether you sell new homes or pre-existing, as you won't get paid till settlement). You'd also need to be prepared to work 7 days a week.
https://www.ozbargain.com.au/node/493242
Based on that no, I don't suggest you go and try being in real estate sales
https://www.ozbargain.com.au/node/493242
Based on that no, I don't suggest you go and try being in real estate sales
Definitely not going to make it.
He could be the Jerry Maguire of real estate!
How Difficult Is It to Become a Real Estate Agent
based on many i dealt with when we last sold/bought… clearly not very.
many blunt tools in that tool bag
Like with any career path, whether you are successful will depend on a whole range of factors including how well you manage relationships, how good you are at the core skills of your job, how likeable you are, how smart you are…etc.
If you're going into real estate to be the guy at the bottom rung, just going around trying to find clients, you're not going to have a good time. It's a low-skill profession with very little capacity to differentiate yourself unless you have existing networks that you can wrangle. On top of that, you're the one doing the ground work, with everyone wanting a slice of the commission.
You really want to be managing your own agency to really be able to get a foothold in real estate.
FWIW, real estate is no longer a sales job, it's a client / lead generation job. If you want to know, try calling up a real estate agent and see how they treat you as a potential buyer. The worst ones are (profanity), the best ones are polite / pleasant, but hardly trying to close a deal. Property broadly sells itself in this market. It's finding property to sell that's the real challenge.
Hopefully it doesn't involve initiative or research skills ….
Does the world need another salesperson?
I'm considering a career change and am gathering some info on the career pathway to becoming a real estate agent.
The Dark Side of the Force is a pathway to many abilities some consider to be unnatural.
Your Google-fu is weak, young padawan.
But seriously, yeah I am very concerned for your future clients if you can't even be bothered to do the least bit of research on a job that you are purportedly interested in.
WOULD LOVE TO BE A REAL ESTATE AGENT BUYING AND SWELLING TO THE RICH ONLY TOORAK/MALVERN AND THE LEAFY EASTERN SUBURBS.I WOULD MAKE A MINT DIIVE A MERC LIVE IN A 2 MIL HOUSE WITH ALL THE TRAPPINGS WHERE DO I SIGN ON PLEASE.
I think the ability to operate the caps lock key is a prerequisite for employment, so you're out.
When I was a grad, I was a REA for about 6 months. Being a fresh grad and not knowing the world for what it is was a pretty big downfall.
There's a lot of hate and general discontent here against REAs but reality is the people that are buying and renting are just as dodgy is what I've learnt in my 6 months. Given this, it gives me a lot of perspective as to why REAs are the way they are. To be honest, it's not so much different to any other high commission "Sales" type job.
That being said, it's pretty easy to get a job as a Property manager and usually they'd be happy to let you spend some time learning the "Sales" side of things as well
Yeah, people who are all trying to get a leg-up in real estate aren't the easiest people to deal with.
They're all desperate for the best price for them, and an REA is the moderator between two parties with only their own self-interest at heart. REAs get shat on for wanting to get paid for dealing with these people.
In saying that, I've met great agents and shitty agents. The great agents who are most transparent and do what they say they're going to do always come out on top in the long run.
There's a lot of hate and general discontent here against REAs
At the end of the day, the REA just acts on behalf of the vendor. In terms of the sales process, the REA will collect offers and present them to the vendor, the vendor will ultimately decide whether to accept or reject.
I've never had any issues as a buyer with an REA - I tell them my offer, they present it to the client, they tell me the result. I choose to change my offer or move on. The REA wants to get the highest price possible, you want to get the lowest. You will never like each other.
As a seller though, I've had some pretty horrid experiences with REAs. I've had REAs continue to call me weeks after telling them that I was no longer interested in selling my property. Again, goes to show that it's a lead generation business, not a sales business at the end of the day.
If you're good at talking shit then you're half way there.