What is Real Estate?
Real estate is simply just property or land belonging to someone. It’s said that real estate is the only guaranteed way to become wealthy, it provides the highest returns, the greatest values and the least risks. With so many people in today’s society investing their money into the estate industry, estate agents play a crucial role in the success of their investment.
Why do we need estate agents?
Estate agents will handle your properties and prospective buyers or rentals. You’re probably wondering why the seller or landlord doesn’t just do this themselves to save money? Estate agents are trained to do this, they are a professional at finding the right person to buy or rent the property, they can negotiate and this saves time. Additionally, contracts can be difficult to understand. Estate agent deals with the same contracts and conditions on a regular basis, and is familiar with which conditions should be used, when they can safely be removed and how to use the contract to protect you, whether you’re buying or selling your home.
To give real service to your client, you must add something which cannot be bought or measured with money, and that is sincerity and integrity; you must always and consistently put your clients’ best interests first. You’ll be helping someone find a house that they can call home.
What skills will you learn through this Apprenticeship?
You’ll learn skills during an estate agent Apprenticeship that can be transferred to many other working industries. You’ll learn to prioritise and meet deadlines given to you through your organisational skills, with so many clients, properties, leads, transactions, community involvement, and marketing efforts. It’s important to remember that there is a limit to the number of things you can accomplish in a day. Once you accept that, you’ll be better at prioritizing what’s most important and setting attainable daily goals. There are many aspects of the estate industry it’ll teach you more about people, more about community issues, you’ll learn more about life, and about the impact of the government.
Marketing will be an important factor as an estate agent Apprenticeship. There’s plenty of competition in the real estate business. As the economy fluctuates, the number of active agents follows suit to a degree, but there is never a time when there will only be one estate agent option in town. If you find yourself modelling your business and marketing strategies after everyone else you see, it’s time to step outside the box. You’ll need to find what makes you unique and help potential clients see that.
Your daily responsibilities will involve:
1. collect information about a property and arrange for photographs to be taken
2. visit and talk to the sellers about their property
3. estimate the value of the property
4. market and promote properties for sale
5. represent the sellers in negotiation with prospective buyers
6. advise clients and help buyers decide what they want to buy
7. make sure that the price agreed is acceptable to both buyer and seller
8. vet prospective tenants by collecting references and carrying out credit checks
9. ensure properties meet legal and health and safety requirements, e.g. gas safety certificates
10. Answer telephone calls
11. draw up tenancy agreement contracts
12. collect or organise rent payments
An estate agent can be a very rewarding career if done correctly and has the potential to be very lucrative. Those who do best in the industry are those most committed to it, which requires a great deal of focus.