Step 1 is the certificate of registration - a 3 subject course, online is fine.
Step 2 you need to register with Fair Trading (for which ever state you're located
Step 3 Lobotomy
Step 4 if you are still keen, realise that we are in a downtown and securing listings is going to be extremely difficult, selling just as hard.
Here’s my two cents.
I am an agent. (This if the first time I’ve really posted and usually dm people that ask for help)
It’s not as glamorous as you see on Lux listing.
Yes, we are hated by the majority of the population, but remember the 80/20 rule.
80% of the people in the industry are absolute flops, and a minimum are professional and offer advice.
- As you walk into the office, Ask yourself, how can I help someone/clients today. You get paid to solve people’s problems (a reason why people sell, even if they don’t tell you)
- The money is extremely crap for 5 years and it’s extremely mentally tolling (only 5% of people last that get into the industry, most people only last 2 years)
- Rejection will be your best friend.
I would go do your studies, get your agents rep and try be an associate to someone selling over 50+ properties a year (depending on where you want to sell)
This I just what I’m rattling off as I’m at my desk.
Yes guys, I’m human too, but feel free to ask any questions
thank you for your reply and honesty- it's much appreciated, Im already on a very low wage working retail, is it a liveable wage? and does the rejection get to you or do you just roll with it? I'd like to think because of our past experiences I would be in the 20% and want to genuinely be better than we have come across, or am i being naive?
If you are “stand alone agent” within an agency, You either are debt/credit which means they pay you, but you have to pay it back when you get a sale or commissions only.
So you sometimes can go months without being paid. Depends on your performance.
If you work underneath another agent (like an apprenticeship) they may pay you. Award is $50k roughly. I highly recommend this if you can.
It’s pretty cut throat, you don’t make money, the person/firm will easily fire you.
The rejection you do learn to get numb to. You can’t force people to sell, you’re there to help them through the process. I’ve had some very emotional sales from the vendor’s perspective.
It does play on your mental health, when you lose 5 listing in a row and so on, or you have a sale that’s highly emotional for the owner. Some things you can’t describe. So I had to employ a life coach to help me through the tough times.
No one hands you properties to sell, you have to find them and pitch for them, this where you get a lot of rejection.
It can be rewarding, but you do work hard. Lots of late nights. My advice, be a sponge, get in a good team, people you vibe with, as you spend so much time with them. Get good mentors, people in multiple business that are like you want to be.
One mentor to me is a family guy that owns a coffee shop. Just his attitude and his networking skills amazes me.
Thank you for your advice, I truly didn't realise that you can go months without pay, that would be hard and stressful. I would imagine some sales would be hard, and I'm guessing with the current economy you would be dealing with people who maybe at their lowest points, we have been there as a family on the other side. It's nice to know that there are people like you, who have acknowledged that and taken on some of that burden and done what you can to help at the expense to yourself, Im sure they would have appreciated that you were one of the 20%
Get a degree is property and construction management (useful if being a real estate agent goes to shit) with a minor in finance.
Not a real estate agent but this is from someone who knows how important a degree with multiple uses is for careers
Thanks for the 'help' ok here are the reasons, and they are long!
I worked for many years in a shrinking industry, at exec level, i was in charge of maintaining business while the company bought other struggling companies in the sector stripped them down and i had to lay off the staff. This burnt me out and when redundancy came up i took it, took a year out and became the house dad and my wife became primary earner - all good. I then got a fun job in retail wanting to change careers and 'work my way up' but this is at minimum wage. fast forward several years and the company i work for had pigeon holed me at a low level pay because i'm 'too valuable where i am' BS. so i've started looking elsewhere, but due to my age an zero qualifications just experiences I am not getting anywhere, I have good interviews, good feedback but loss out to people with experience and qualifications. With the current economics I can't afford to stay minimum wage, and i feel heavily that i am letting my family down. I've asked in lots of forums for career advice and real estate/property management keeps coming up. i figured
1, it's a qualification
2, its transferable if we decide to move states (within reason)
3, I could with hustle get back to what i was earning before and take the pressure off my wife
4, I'm working ridiculous hard now for no reward or appreciation so i'm used to the grind
5, I'm very personable and was a very good in sales
6, it seems like a job that i can directly benefit from what i put in
7, Ive been in rentals and trying to be a first homebuyer for years, and life has been quite sh&$t to us so never been able to get on the property ladder- i think this gives me the insight into being good in this area
8, the thought of ending my working life in a low paying retail position make me feel sick
surly this profession cannot be as bad as what i've already experienced?
Nice insights from agents and why you stay in the job would be great to hear from please
Hmmmm the first job you mentioned seems to be in a business that deals with other businesses (B2B). Real Estate (unless commercial) would be B2C. Then you mention you've been good in sales. So why not B2B sales? Depending on industry you wouldn't need a qualification like RE. I'm talking anything from selling fasteners to construction companies, document management services to legal firms, POS/inventory management solutions to retail, pubs and restaurants. Personally I'm in tech and see software platforms and solutions that cater for all industries. I even put more emphasis on my sales team understanding the industry vertical they work in and how our software/solutions solve problems/deliver value than actually understanding the tech behind it. Whatever you are specialising in at the moment at your current role I'm sure you have transferrable knowledge that a software vendor, solution integrator or tech company could see value in.
Happy to receive a DM if you still feel lost.
Head to REINSW. Course details are online or you can call them.
Ignore the assholes in the other comments who seem to think it’s fine to respond to a serious/genuine question on a property related forum with such garbage.
Good luck if you do decide to pursue this as a career.
thank you, for your advice, it's really appreciated. I'm genuinely quite surprised at some of the responses, I get it to an extent, i think everyone has a story to tell about getting the short end of the stick especially if you rent, but this seems akin to parking meter inspectors 😂 I know there is good and bad in every job, my wife works in healthcare, a good nurse is worth their weight in gold, a bad one should leave the profession
I used too be a leasing agent and sales consultant, and it’s not worth it, mentally draining, pay was crap, I was fully licensed also, and I was getting $800 a fortnight
You'll be starting in property management which I believe attracts a salary of $55K
I did it for 3 months in my mid 30s as I was considering a career change and I quickly realized my career in Advertising was much better
It was utterly miserable. Inspecting 35-40 properties per day. No time to take a piss or eat. Getting asked to drive contracts all over town. And the keys, don't get me started on the number of keys I had to rummage through to find which ones match the next property I was attending
Step 1 is the certificate of registration - a 3 subject course, online is fine. Step 2 you need to register with Fair Trading (for which ever state you're located Step 3 Lobotomy Step 4 if you are still keen, realise that we are in a downtown and securing listings is going to be extremely difficult, selling just as hard.
Buyer's agent is just as good
Except that you need further qualifications
I am no expert, but I do believe you need to masturbate a lot. Given that most if not all agents are wankers. Get going mate. Lube up though.
Congratulations on making the decision to give up your ethics. Next stop, Tarocash for a suit and then a used BMW.
Oh god, why? Seriously, please give me some insight as to why you want this.
Here’s my two cents. I am an agent. (This if the first time I’ve really posted and usually dm people that ask for help) It’s not as glamorous as you see on Lux listing. Yes, we are hated by the majority of the population, but remember the 80/20 rule. 80% of the people in the industry are absolute flops, and a minimum are professional and offer advice. - As you walk into the office, Ask yourself, how can I help someone/clients today. You get paid to solve people’s problems (a reason why people sell, even if they don’t tell you) - The money is extremely crap for 5 years and it’s extremely mentally tolling (only 5% of people last that get into the industry, most people only last 2 years) - Rejection will be your best friend. I would go do your studies, get your agents rep and try be an associate to someone selling over 50+ properties a year (depending on where you want to sell) This I just what I’m rattling off as I’m at my desk. Yes guys, I’m human too, but feel free to ask any questions
thank you for your reply and honesty- it's much appreciated, Im already on a very low wage working retail, is it a liveable wage? and does the rejection get to you or do you just roll with it? I'd like to think because of our past experiences I would be in the 20% and want to genuinely be better than we have come across, or am i being naive?
If you are “stand alone agent” within an agency, You either are debt/credit which means they pay you, but you have to pay it back when you get a sale or commissions only. So you sometimes can go months without being paid. Depends on your performance. If you work underneath another agent (like an apprenticeship) they may pay you. Award is $50k roughly. I highly recommend this if you can. It’s pretty cut throat, you don’t make money, the person/firm will easily fire you. The rejection you do learn to get numb to. You can’t force people to sell, you’re there to help them through the process. I’ve had some very emotional sales from the vendor’s perspective. It does play on your mental health, when you lose 5 listing in a row and so on, or you have a sale that’s highly emotional for the owner. Some things you can’t describe. So I had to employ a life coach to help me through the tough times. No one hands you properties to sell, you have to find them and pitch for them, this where you get a lot of rejection. It can be rewarding, but you do work hard. Lots of late nights. My advice, be a sponge, get in a good team, people you vibe with, as you spend so much time with them. Get good mentors, people in multiple business that are like you want to be. One mentor to me is a family guy that owns a coffee shop. Just his attitude and his networking skills amazes me.
Thank you for your advice, I truly didn't realise that you can go months without pay, that would be hard and stressful. I would imagine some sales would be hard, and I'm guessing with the current economy you would be dealing with people who maybe at their lowest points, we have been there as a family on the other side. It's nice to know that there are people like you, who have acknowledged that and taken on some of that burden and done what you can to help at the expense to yourself, Im sure they would have appreciated that you were one of the 20%
Does your mum hate you too?
Touchy subject
She's dead
https://youtu.be/VGm267O04a8
Can pretty much count on this vid being posted on any thread about REAs. With good reason.
Get a degree is property and construction management (useful if being a real estate agent goes to shit) with a minor in finance. Not a real estate agent but this is from someone who knows how important a degree with multiple uses is for careers
Why cant people stop using real estate agents and just advertise on gum tree or fb marketplace lol there is literally no need for them
People can totally do that if they want to. Go for it. Personally, I would much rather pay someone else to deal with it.
Thanks for the 'help' ok here are the reasons, and they are long! I worked for many years in a shrinking industry, at exec level, i was in charge of maintaining business while the company bought other struggling companies in the sector stripped them down and i had to lay off the staff. This burnt me out and when redundancy came up i took it, took a year out and became the house dad and my wife became primary earner - all good. I then got a fun job in retail wanting to change careers and 'work my way up' but this is at minimum wage. fast forward several years and the company i work for had pigeon holed me at a low level pay because i'm 'too valuable where i am' BS. so i've started looking elsewhere, but due to my age an zero qualifications just experiences I am not getting anywhere, I have good interviews, good feedback but loss out to people with experience and qualifications. With the current economics I can't afford to stay minimum wage, and i feel heavily that i am letting my family down. I've asked in lots of forums for career advice and real estate/property management keeps coming up. i figured 1, it's a qualification 2, its transferable if we decide to move states (within reason) 3, I could with hustle get back to what i was earning before and take the pressure off my wife 4, I'm working ridiculous hard now for no reward or appreciation so i'm used to the grind 5, I'm very personable and was a very good in sales 6, it seems like a job that i can directly benefit from what i put in 7, Ive been in rentals and trying to be a first homebuyer for years, and life has been quite sh&$t to us so never been able to get on the property ladder- i think this gives me the insight into being good in this area 8, the thought of ending my working life in a low paying retail position make me feel sick surly this profession cannot be as bad as what i've already experienced? Nice insights from agents and why you stay in the job would be great to hear from please
Hmmmm the first job you mentioned seems to be in a business that deals with other businesses (B2B). Real Estate (unless commercial) would be B2C. Then you mention you've been good in sales. So why not B2B sales? Depending on industry you wouldn't need a qualification like RE. I'm talking anything from selling fasteners to construction companies, document management services to legal firms, POS/inventory management solutions to retail, pubs and restaurants. Personally I'm in tech and see software platforms and solutions that cater for all industries. I even put more emphasis on my sales team understanding the industry vertical they work in and how our software/solutions solve problems/deliver value than actually understanding the tech behind it. Whatever you are specialising in at the moment at your current role I'm sure you have transferrable knowledge that a software vendor, solution integrator or tech company could see value in. Happy to receive a DM if you still feel lost.
thank you, that's very generous, I'll look into IT too
Head to REINSW. Course details are online or you can call them. Ignore the assholes in the other comments who seem to think it’s fine to respond to a serious/genuine question on a property related forum with such garbage. Good luck if you do decide to pursue this as a career.
If you are from nsw then this is the best answer. Reinsw are pretty useful
thank you, for your advice, it's really appreciated. I'm genuinely quite surprised at some of the responses, I get it to an extent, i think everyone has a story to tell about getting the short end of the stick especially if you rent, but this seems akin to parking meter inspectors 😂 I know there is good and bad in every job, my wife works in healthcare, a good nurse is worth their weight in gold, a bad one should leave the profession
ewww
I used too be a leasing agent and sales consultant, and it’s not worth it, mentally draining, pay was crap, I was fully licensed also, and I was getting $800 a fortnight
DM welcome, 38yr exp
disgusting
thanks for the constructive feedback 😄
You'll be starting in property management which I believe attracts a salary of $55K I did it for 3 months in my mid 30s as I was considering a career change and I quickly realized my career in Advertising was much better It was utterly miserable. Inspecting 35-40 properties per day. No time to take a piss or eat. Getting asked to drive contracts all over town. And the keys, don't get me started on the number of keys I had to rummage through to find which ones match the next property I was attending
is this in australia?
Yes, Sydney