It doesn’t matter if you are a recent school-leaver or have been engaged in another career for several decades; Real Estate is perhaps the one industry you can bring any level of experience to and do extremely well. Before you begin the exciting and life-changing journey of getting started in Real Estate, you should find out a bit about what is involved in being an Agent.
The best way to start is by looking into the different roles available and working out which would suit you best. The three main roles within the residential property sector are Sales, Property Management and Administration. Get yourself excited for one – or all – of these positions, but keep in mind that there are many other roles within the industry that you can work in; these are simply the most common when getting started in Real Estate.
Another good idea is to get talking to some current industry professionals. Agents love to talk about what they do and how well they do it. Find out how they got started. Find out what they do every day. Ask them what excites them and even what knocks them down. Real Estate is a network-based industry – you might even get a job offer out of it! Other things you can do include: checking out Real Estate Agency websites and reading their FAQ section; doing some research on the industry as a whole in Australia by following the news and even attending some Auctions or Open for Inspections to experience the action first-hand.
As with any industry, getting started in Real Estate will be very demanding. Most industry professionals equate it to a ‘lifestyle’ rather than just a job. This is because, depending on your role, you might receive contact from a client any day of the week – at any time. Being able to work with clients and handle these situations effectively will be a critical point-of- difference between you and your competitors. The upside is that the industry has estimated total revenue of about $14bn with steady predicted annual growth. This is fantastic considering there are just over 100,000 employees in the industry, with an average salary of about $88,000 – depending on the role, however, you can earn well over the $100k mark; Australia’s Top Agents can even earn in excess of $1m per year.
Once you have an idea of what to look forward to and what to be prepared for in the Real Estate game, it’s time to get qualified to work in your State of Australia so that you can secure a position and start learning the ropes.