Melbourne, Victoria is an exciting city to have a career in real estate as it comes with dynamic job opportunities. It offers a great chance for one to make a positive difference in the lives of people as well as an opportunity to earn huge amounts of money. With the property market continuing its growth trajectory, there is always high demand for learned and skilled real estate agents. If you are thinking of this occupation five years from now, here is a complete guide on how to become a real estate agent in Melbourne.
Understanding What Does a Real Estate Agent Do?
Before embarking on the process of becoming a real estate agent, it is important to understand what this job entails. A real estate agent helps clients buy, sell and rent properties. They also oversee marketing properties, organizing open houses, negotiating deals and ensuring all legalities are followed. To be successful in this area excellent communication skills must be combined with thorough understanding of local property market and ability to create connections with customers.
Step by Step Guide to Becoming a Real Estate Agent
1. Meet the Basic Requirements
To start your journey as a real estate agent in Melbourne, you must meet the following basic requirements: To start your journey as a real estate agent in Melbourne, you must meet the following basic requirements:
- Age: The participant must be 18 years of age and above.
- Residency: Be a citizen-by-birth or granted permanent residency in Australia, or hold a valid work visa in Australia at the time of transmission.
- Language Proficiency: Fluency in the English language is key since English is mostly used in communicating and in drafting any legal procedures relating to real estate business.
2. Complete the Required Education
CPP41419-Certificate IV in Real Estate Practice
In Victoria, prerequisite educational qualification that has to be met before one is licensed as a real estate agent is to do the Certificate IV in Real Estate Practice (CPP41419). It gives you basic information and skills required in real estate profession that you need to build on as you practice. The course covers various topics, including:
- A primary responsibility for property law practitioners is the ethical practice of law.
- This involves major roles such as managing property sales, property marketing, providing property management and offering construction services to clients and shareholders.
- Communication and interpersonal skills are among the most important elements that define organizational success because people working in organizations are expected to interact and collaborate even more than they solve the organizational problems on their own.
– Some of the major areas that are informed by property management and leasing include the following.
- This course is delivered by Registered Training Organisations (RTOs) and can be done through classroom style courses or through online courses depending on what the RTOs offer. This outlines 18 units that are covered in the course and therefore after finishing the course, you can act as an agent’s representative for any agency in Victoria. You will be ready for employment opportunities in sales, property management, and or/ownership, being a buyer’s agent.
It might be advantageous also to obtain practical experience while you are undertaking your Certificate IV in real estate. Training providers can often help secure internships or work placements, which will not only add to your practical experience, but can also create important contacts in the field. You will also acquire a clearer vision of what it takes to work and manage an office in the real estate field, and this will be of great benefit when you seek employment after your degree.
CPP51119-Diploma of Property Services (Agency Management)
For those wanting to progress their careers in property management, the Diploma of Property Services provides a more in-depth understanding of the subject and agency operation. Such people can aim at being industry leaders by taking up this course. The diploma covers subjects such as:
- Advanced property and business law.
- Strategic management and business planning.
- Financial management and trust accounting.
- Marketing strategies and client relationship management.
Graduates are therefore fully equipped for positions like real estate agency manager, principal agent or property portfolio manager which are high ranking after doing this course for example.
Roles and Obligations of a Real Estate Agent
The daily schedule of a real estate agent is quite dynamic and demanding often requiring weekend work. His job description consists of the following duties:
- Advertising properties, lands, and business premises for sale or lease
- Giving advice to sellers and potential buyers on industry issues
- Doing rental inspections
- Organizing rent collections from tenants
- Safeguarding that landlords and tenants observe legal requirements
- Matching maintenance or services with tradesmen for rental properties
- Drafting contracts and necessary documents for residential as well as commercial transactions
- Overseeing property showings as well as open houses
- Updating property listings on websites
- Setting up homes to be seen by prospective buyers
- Bargaining on behalf of purchasers
- Holding real estate auctions
Conclusion
Victoria’s real estate career is a dynamic one, providing opportunities for investment in education and training. Indeed by collecting professional skills that are wrapped up in the Certificate IV in Real Estate Practice or by completing property services diploma individuals can always be ready for various roles within the industry. Skills First and similar government programs make these courses more affordable, opening doors to a new generation of realtors. In Victoria’s vividly alive market of properties, you will need proper educational background and whether you want to be a salesperson, manager or even run an agency such will be your key to success here.
Are you looking for a dynamic and rewarding career with excellent growth opportunities? Skilled Up is a good real estate institute in Melbourne, Victoria if you need to kickstart your career in real estate. We also provide opportunity for recognition of prior learning (RPL) for qualified candidates to complete course at their own experience. In addition, government funded real estate courses are also offered here. So, what are you waiting for? Contact Skilled Up today and get started with your real estate journey!