Estate Agent job description

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When people need to buy, rent, or sell homes or office buildings, the first people they turn to are estate agents. Before selling or renting properties, these professionals must first carefully assess the value of each property compared to others in the region. The position requires strong knowledge of the local area where properties are situated to properly market to people who may be interested in renting or buying. Agents will negotiate with buyers or renters on behalf of owners wishing to sell or rent properties
Solicitors, surveyors, building societies, banks, and mortgage brokers are others with whom estate agents frequently interact while conducting transactions on their clients' behalf. A number of estate agencies sub-specialise in managing rental on behalf of their clients. An essential requirement for the position is honesty in dealing with clients.
No formal educational qualifications are necessary for the job, although studies in engineering, business, surveying, or estate management can be helpful. Previous experience in sales or administration is an asset, but most estate agents enter the field as trainees who learn on the job. Trainee salaries begin between £10,000 - £20,000, with experienced agents taking home between £25,000 and £55,000 per annum.

Description

Estate Agents are responsible for searching buyers and selling properties of their clients. Duties of this job have to do with marketing, sales, and negotiation areas. Most of jobs of this sector are related to residential sales, but some agencies deal with commercial, agricultural, and industrial property cases, lettings, and auctions.

An Estate Agent usually performs some of the following tasks:
• Handling property’s auctioning.
• Arranging maintenance of properties.
• Creating reports about sales.
• Showing properties available to buyers.
• Advising suitable selling methods.

Skills

• Having competent negotiation skills.
• Being able to clearly explain difficult market topics to clients.
• Having good IT skills.
• Being able to meet targets.
• Having competent math skills.
• Having excellent knowledge about property market and property law.
• Being able to work under pressure.
• Being trustworthy.
• Being persuasive and patient.
• Having good business sense.

Education

One of the most suitable options for young people to be Estate Agents is to join a company as a trainee negotiator. Some starting points inside these firms are clerical assistant or receptionist, and then becoming a trainee. There are no specific qualifications required for trainee agents, but it is recommended to have GCSE’s grades (A-C/1-3) as a minimum.

There are some institutions like TTC Training offering apprenticeships that led to NVQ Level 2 or 3 in Sale of Residential Property. This program includes a Technical Award and a membership of NAEA Propertymark. There are government funding options for people between 16 and 24 years old in this training scheme.

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