Becoming a real estate agent is an excellent career choice for those who are interested in the real estate industry. Before starting your job search, it's important to understand the education and training that real estate agents necessitate. Real estate agents need industry experience, education, and licensing. In this article, we debate what real estate agents do and how you can become one.
Steps To Become a Real Estate Agent
1. Meet the minimum age and character requirements
Character requirements vary between states and territories. Most authorities want people who have not committed serious criminal offenses in the last five to 10 years. Some states and territories also require real estate agents to be financially steady. In other words, you should have a record free of ruin or debt agreements and a good credit history.
2. Earn a real estate qualification
Completing work experience helps you enroll in a real estate course. These courses teach you what you need to know about working as a real estate agent and earning your real estate license. If you want to work in the real estate industry, you’ll need to complete Certificate IV in Real Estate Practice (CPP41419). There are 18 units in the course and Recognition of Prior Learning (RPL) options are available for those currently working in the industry.
3. Complete work experience in the real estate industry
In the Australian Capital Territory, Western Australia, Tasmania, Victoria, and New South Wales, aspiring real estate agents must work full-time within the real estate industry for one or two years before applying for their real estate licence.
4. Obtain your real estate licence or registration
You must obtain a real estate licence or registration to become a real estate agent. Licensing and registration requirements vary between states and territories, but real estate qualifications from a registered training school are always essential.
5. Apply for real estate agent roles
Once you have your licence or registration, you can start working as a real estate agent. If you have already been working as an agent's representative, your real estate agency may promote you. Alternatively, you may seek work at a different real estate agency.
The average salary of a real estate agent
The average salary in Australia for a real estate agent is $120,847 per year, according to Indeed's salary guide. Yearly income can vary depending on a real estate agent's practice and location. Real estate agents in the following states and territories all earn more than the average:
· Australian Capital Territory: $250,000 per year
· Northern Territory: $250,000 per year
· Tasmania: $250,000 per year
· Western Australia: $214,693 per year
· South Australia: $213,717 per year
· Queensland: $210,209 per year
· Victoria: $144,301 per year
What is the demand for real estate agents?
There should be reasonable growth in opportunities for real estate agents. Job Outlook forecasts there will be 98,800 real estate agents working in the country in 2024, up from 92,400 in 2019.
Get your qualifications from a skilled up RTO, a nationally-recognized training provider, so their qualifications will help you work as a real estate agent anywhere. Many training institutions have online study options as well as traditional classroom instruction.
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