SlideShare a Scribd company logo
1 of 20
Download to read offline
TOP 6 TIPS
FOR SURVIVING
YOUR FIRST YEAR
IN REAL ESTATE
+ MANY BONUSES
YOUR ULTIMATE GUIDE TO
ENSURE SMOOTH START OF
YOUR REAL ESTATE CAREER
6 TIPS FOR SURVIVING YOUR
FIRST YEAR IN REAL ESTATE
Learn how to make a smooth transition
to real estate and make your first year a
success.
A CAREER IN REAL ESTATE
Discover the many different types of roles
you can do as a real estate professional.
BECOME AN AGENT IN
QUEENSLAND
Your ultimate step-by-step guide
on becoming an agent in Queensland.
HIGHLIGHTS
VA L I D U M
INSTITUTE
RTO No. 41224
Starting your new career in real estate might seem like a daunting challenge, but it doesn’t have
to be. With such a rewarding career ahead of you, all it takes is a few extra steps to ensure you
not just survive but thrive as a real estate professional. Here are six tips for how you can get the
most out of your first year in real estate.
1. Prepare an Ideal Week
When it comes to working in real estate, effective time management is the most important element
contributing to your success. Whether you are a sales agent, property manager or administrator,
you will be required to plan, prioritise and complete many daily tasks, on top of answering never-
ending phone calls and emails. The best way to manage your time is by preparing what’s called
an ‘Ideal Week’. An Ideal Week is a document which identifies tasks and prioritises them in an
efficient daily order. This is how you can maximise your productivity and minimise your stress,
which both go a long way in helping you succeed.
2. Build a support network
Having a support network is essential if you want to survive your first year in real estate.
Whether it’s through real estate conferences, seminars, and workshops, or connecting with
colleagues on LinkedIn or Validum student alumni, these networking opportunities all help build
your team of advisors. Forming valuable industry connections with colleagues from all roles and
levels is a great way to fill the knowledge and experience gaps you will undoubtedly have when
starting your career.
6 TIPS FOR SURVIVING
YOUR FIRST YEAR IN
REAL ESTATE
2
3. Find a mentor
Whilst it’s important to build a support network, finding a mentor is how you can take your career
to the next level. Attending networking events and connecting with colleagues online are the
best ways to find a mentor that’s right for you. A mentor boosts your career, helps you set goals,
and holds you accountable. You should look for someone who asks challenging questions, provides
constructive criticism, offers useful resources, and willingly shares their expertise. As the most
valuable part of your support network, finding a mentor is how you can take your career from
good to great in your first year.
4. Know your marketplace
Once you get started in real estate, you’ll soon discover that knowing your marketplace is the
key to succeeding. Since real estate is about living and breathing your market area, you should
allocate time in your Ideal Week to stepping outside your office and into your community. Getting
to know the best places to wine, dine, shop and play, is just as critical as knowing your area’s
latest property data. Conducting this weekly research not only helps you become a market area
specialist but ensures you feel more at home in the community you now represent.
3
5. Learn about property investment
Whilst understanding real estate is essential, agents often overlook the hidden value of learning about
property investment. From the moment you start, you will be making important decisions about your
clients’ investments and financial security, so it’s critical you understand their needs and how best to
fulfil them. As a result, taking a property investment course can not only help you better understand
your clients but help you perform better in your new role and stand out from other candidates.
6. Continue to upskill
Once you gain your real estate sale certificate and start your new career, your training should not
stop there. As you apply what you’ve studied, you’ll naturally find areas where you excel, where
you lack, and where you’re interested in learning more. Surviving your first year, therefore, requires
commitment to ongoing training. Upskilling and fine-tuning your existing skills can be done online
through institutions like Validum – why not upgrade from your Sales Certificate to your full Real Estate
Agent Licence? This is how ongoing training can be part of your Ideal Week to ensure you remain at
the top of your game in your first year.
Your first year in real estate might seem challenging, but these six tips will help you not just survive
but thrive. A career in this industry can be truly rewarding if you simply take a few extra steps to help
you get started.
4
HOW TO MOVE INTO AN
AMAZING CAREER IN
REAL ESTATE
So you’ve made the decision to start a career in Real Estate, good on
you. Whether you have been out of the workforce for some time or
simply looking for a career change, Real Estate is an exciting industry
and one that you have unlimited opportunities for great job prospects
and earning capacity.
But what’s next?
We share 4 simple tips to consider on your path into a successful Real
Estate career.
5
WHAT ROLE
DO I WANT IN
REAL ESTATE?
This is an important question. There
are many careers within the real estate
industry, including:
Consider your current skills and capabilities
which align with the various roles available
and do some research on what jobs are out
there.
Remember, starting at an entry level allows
you to learn more about the industry and
gives you all-round experience, and allows you
to choose which area you’d like to focus on
once you’re in the job.
Do I need to undertake a
Real Estate Course?
The simple answer is yes.
If you are wanting to become a Real Estate
Agent, the Office of Fair Trading requires you
(as a minimum) to have completed an approved
real estate course.
Most agencies will require you to undertake
the minimal qualification - this is a Real Estate
Registration Certificate Course. In your Real
Estate Registration Certificate Course you will
learn about:
•	 Your rights and responsibilities as a 	
	 real estate agent
•	 How to sell a property correctly
•	 Understanding zoning laws and 		
	 regulations
•	 The importance of continuing education
•	 Consumer advocacy so you can 		
represent your clients professionally 	
and ethically.
We often see people undertake a Real Estate
Agent Licence Course instead of a Registration
Certificate Course to gain a competitive edge
over their peers.
»» Real Estate Salesperson
»» Property Manager
»» Resident Letting Agent
»» Corporate Support Administration
»» Buyers or Sellers Agent
»» Sales Manager
»» Auctioneer
»» Property Valuer
»» Research Analyst
»» Property Developer
»» Business Development Manager
»» Real Estate Writer/Photographer
»» Real Estate Marketing Executive
6
Ensure you get training from a licensed Registered Training Organisation (RTO) like Validum
Institute who is a provider of quality-assured and nationally recognised training and qualifications.
Consider if you prefer to study in a face to face classroom style or online. At Validum Institute, we
offer a blended approach to suit all your learning needs so you can study via an interactive online
learner portal combined with personal one-on-one trainer and assessor support.
At Validum Institute we offer up to 6 months to complete your Registration Certificate Course.
This means you have the flexibility to complete your course at your own pace in your own time.
Validum Institute also offers multiple attempts at assessments ensuring your course success.
Validum Institute offers a blended approach to suit
all your learning needs.
HOW TO SELECT A
TRAINING PROVIDER
7
“I highly recommend the Validum Institute real
estate training to anyone that wants to begin a
career in Real Estate.
Validum allowed the flexibility of being able to
manage work, family life and study at my own
pace.
The knowledge I received was always informative
and of a high standard. Their staff are extremely
enthusiastic and are always willing to help you in
any way to ensure you achieve your goals.”
STUDENT TESTIMONIAL
WHAT ARE
MY JOB
PROSPECTS
LIKE?
The truthful answer is if you’ve gone to the
trouble to get Certified and study in an area
you are obviously passionate about, they’re
really good.
A lot depends on where you want to work,
what the market is like in that area, and your
own personal attributes. Strong salespeople
can expect to make six figures and up per year.
Research companies you’d like to work for and
join professional groups. Get onto LinkedIn and
create your professional profile and join Real
Estate Groups – it’s free. It will also help you
keep up to date with industry trends and you
can follow industry movers and shakers.
You never know, you just may end up working
for them one day!
8
HOW TO BECOME A REAL
ESTATE AGENT IN QUEENSLAND:
EVERYTHING YOU NEED TO
KNOW
9
Step 1: Check that You’re Eligible to Become an Agent with the OFT
To become a real estate agent, property manager or agency administrator in Queensland the first thing
you need to do is obtain your Real Estate Salesperson Registration Certificate.
Most people will have no problems getting their Registration Certificate. However, there are a few personal
circumstances that can stand between you and a successful application (age at time of application, criminal
history, and insolvency history).
It doesn’t make sense to train without ensuring you’re eligible for the licence, so it’s a good idea to check
the Office of Fair Trading (OFT) Queensland requirements first.
Step 2: Study for Your Statement of Attainment
Your Registration Certificate application with the OFT will require that you have studied for and achieved
a Statement of Attainment for Units of Competency with a Registered Training Provider (RTO), such as
Validum Institute, for a Real Estate Registration Certificate Course.
To obtain your Statement of Attainment you must pass the core 7 units of competency required by
the Office of Fair Trading. These units include:
»» CPPDSM4008A – Identify legal and ethical requirements of property sales to complete agency work
»» CPPDSM4009 – Interpret legislation to complete work in the property industry
»» CPPDSM4010A – Lease property
»» CPPDSM4012A – List property for sale
»» CPPDSM4015B – Minimise agency and consumer risk
»» CPPDSM4022A – Sell and finalise the sale of property by private treaty
»» CPPDSM4080A – Work in the real estate industry
Upon completion of your course you will be issued with a Statement of Attainment for the above Units
of Competency. When you study with Validum, we help ensure you’ll get through these units by:
»» Clustering them into 4 items of assessment
»» Allow you 6 months to complete the course
»» Blended approach to training with free on-one-one trainer assessor support
»» Making all assessments open book, and including both theory and practical questions
»» Allowing up to 3 attempts to complete your assessments with NO exams
»» Employing experienced real estate professionals to train you
»» Offer an interactive state of the art online learning platform
»» A dedicated student lounge to study with free Wi-Fi and parking
10
11
Step 3: Apply for You Registration Certificate
Once you pass all your units, you’ll be issued with a Statement of Attainment.
The next step in the process is to use this Statement of Attainment in your application
for your Registration Certificate through the Office of Fair Trading Queensland.
Fortunately, the application paper work is only a few pages. There are Registration
Certificate application costs involved, however, and as at 9 December 2016 these
include:
•	 An application fee and registration issue fee of $312.10 for 1 year or $530.30 	
	 for 3 years
•	 A criminal history check ($38.80)
A Registration Certificate will allow you to work for a real estate agency under a
licensee or real estate principal. Obtaining your Registration Certificate is the first big
achievement on your path to a successful real estate career!
Step 4: Find Your Agency
Now you’re certified, you need to find a job!
The good news for those seeking a career within real estate is that, according
to the Australian Government’s Job Outlook data, real estate is an industry
full of opportunity for both beginners and experienced agents:
•	 Job openings for real estate sales agents are expected to be above 	
	 average until at least November 2019.
•	 Employment for real estate agents rose moderately in the last 	
	 five years and strongly in the last ten years. Strong industry 		
	 growth is expected until at least 2020.
•	 There is an above average number of full-time jobs in the real 	
	 estate industry.
•	 The unemployment for real estate agents is below average when 	
	 compared to other jobs.
12
Step 5: Upskill
With a taste for the industry and a little experience behind you, it won’t be long before you’re
discovering which parts of the job you excel at, and where you might like to go next.
At Validum Institute, we offer training not just to newcomers, but also to experienced agents
who are looking to level up their industry skills, or perhaps even start their own business.
We can provide you with the training necessary to apply to be certified to:
• Manage residential and holiday resort complexes, apartment complexes, 		
developments of townhouses or villas and tourist facilities with our Resident Letting 	
Agent Licence Course.
• Own & manage a real state agency, act as a principle licensee, and work as an 	
independent contractor with our Real Estate Agent Licence Course.
We can also help you achieve an educational advantage over other candidates with our
CPP40307 Certificate IV in Property Services (Real Estate) Course – one of the highest VET
qualifications in real estate available in Queensland.
Whether you’re a real estate beginner and are enthusiastic about kick-starting your new career,
or you’re an experienced agent who wants to take their skillset to the next level, Validum
Institute can train you!
One of the most exciting aspects of the real estate industry is the huge opportunity for career
progression – you never stop learning, and we’re here to help you make your education count
towards a brighter professional future!
13
What does a Property Manager do?
Property Managers are responsible for leasing and managing
the residential, commercial, industrial and retail property on
behalf of property owners. They also do the following:
•	 Listen well
•	 Provide excellent customer service
•	 Interview prospective tenants, does reference 		
	 checks and selects the best tenant for the owner
•	 Collect rent
•	 Arrange repairs
•	 Market the property
•	 Negotiate leases and rent reviews
•	 Advise owners on market rents
•	 Represent the property owner at tribunal hearings
What skills and training do I need to become a Property
Manager?
The professional Property Manager needs excellent
communication and people skills, knowledge of all relevant
legislation, including building maintenance and town
planning, and an understanding of how economic conditions
affect the property market.
You will receive on the job training in your role, however
given the above requirements, in Queensland, you will need
to complete a Real Estate Registration Certificate.
There are additional Property Management Courses available
that will keep you up-to-date after you’ve received your
Registration Certificate.
Once referred
to as the job
you have before
you step up
into a Real
Estate sales
role, Property
Management is
now seen as a
fantastic career
option in its
own right.
SALES NOT FOR YOU?
EVERYTHING YOU NEED TO
KNOW ABOUT A CAREER IN
PROPERTY MANAGEMENT
14
Consider this…
What job options are there for a Property Manager?
It takes a special type of person to be a professional Property Manager. Your role will be demanding,
and you could be expected to work long hours when it’s needed. You will work Saturday’s and be on
call to your tenants after hours. Your job is to represent owners and their property investments,
and you also want a great working relationship with your tenants. It’s often a juggling act, so an
enthusiastic, honest approach to your work will ensure you manage the daily stresses.
Increasingly, agencies are valuing the importance of having someone who is well versed and
educated – not just in Property Management tasks, but in the management of a profitable and
well-run Property Management business. Someone who can demonstrate high-level leadership
skills and good people management.
Large companies often employ Property Managers to look after the housing needs of their
employees. Businesses that have multiple sites employ property managers to look after their
retail outlets. You can even work in shopping centres, where you manage retail tenants and the
property.
You’ve chosen Property Management as your career, so now it’s important to find a job where
you can demonstrate your abilities and really succeed. Do your homework online, check out your
prospective employer’s business on social media and see what people have to say about them.
When researching or interviewing for potential roles, make sure you ask the following questions:
•	 How large their rental portfolio is, how many people work in the PM division?
•	 Why are they recruiting?
•	 Ask the average amount of time a PM stays in the role
•	 Is there a dedicated mentor to help you on the job?
•	 What systems do they use?
•	 Do they plan to offer you any ongoing training or professional development for you?
•	 What type of office culture do they have? You want a place that is supportive and 		
	 inclusive and genuinely wants you to succeed.
If you are prepared to put in the hard work, you will enjoy a rewarding career in Property
Management. It will provide you with excellent long term job opportunities and if you are good,
no – great at your job, the jobs (and rewards) will find you!
Your job checklist?
15
“I was extremely impressed with the level
of service I received while completing the
Full Real Estate Licence course with Validum
Institute. From the outset, I had access
to great support and fantastic customer
service. Doing the course online also made it
convenient and easier to complete, as I was
able to fit the course into my own schedule.
Thanks Validum!”
STUDENT TESTIMONIAL
INDEPENDENT VS
FRANCHISE AGENCIES –
WHO SHOULD YOU CHOOSE
TO WORK FOR?
16
When entering the real estate industry, it can
be difficult deciding which agency is the best
fit for you. Many questions come up during this
time, the most common being- should I choose
an independent or franchise agency to work
for? To help with your decision, we weigh up
their pros and cons and what you should know
about both types of agencies.
What You Should Know
About The Independent
Real Estate Agency
An independent agency is a single office owned
and managed by a licensee who, alongside their
team, offers all real estate services or specialises
in either sales or property management.
There are many reasons why real estate
professionals choose an independent agency
over a franchise agency.
To begin with, since an independent is not
governed by a franchise policy, you have
more flexibility when it comes to branding,
marketing, pricing and service standards. This
also means an independent may be quicker to
adopt new ideas, technology, and tools, giving
you more autonomy and room for creativity.
As well, unlike the regulated franchise agency,
an independent can easily appeal to a niche
market by delivering unique pricing or customer
service strategies, which gives you the ability
to differentiate and win more business. Other
reasons many opt to work at an independent
are because they’re usually smaller in size,
more in tune with the local market, deliver a
personalised service, and provide a greater
sense of belonging.
However, there are many reasons why real
estate professionals choose not to go with
an independent real estate agency. To start
with, an independent usually has less brand
recognition than their franchise competitors.
This means you do not have the luxury of
winning business simply through using the
brand’s reputation, presence or buying power.
As well, some independents can be slow to
grow as they may have limited resources
which could, as a result, hinder your career
progression. Due to their smaller size, an
independent usually does not have specialist
divisions, such as administration, marketing
or training departments. Such departments
can help you with upskilling and having more
available time to dedicate to sourcing clients
which can increase your ability to achieve your
desired results.
When it comes to deciding if an independent
agency is right for you, keep in mind that
all independents are different. Some have
established reputations and some are start-ups,
some focus on community and others focus on
marketing, some are forward-thinking whilst
others are inflexible and lack resources. As
such, it’s important that you do your research
on each independent agency to determine
which one best suits you.
17
What You Should Know About The Franchise Real
Estate Agency
In contrast, a franchise real estate agency is
when one party (the franchisor) grants another
party (the franchisee) the right to use its
trademark, trade name, systems and processes
to market and deliver real estate sales and
property management services.
There are many reasons why real estate
professionals choose a franchise agency over an
independent agency. For starters, a franchise
agency has a larger referral network to help
source homes, buyers, sellers and renters, which
gives you greater potential to win business due
to this extra support. Another reason many opt
for a franchise agency is because they have
a brand behind them. This high level of brand
recognition can help you form instant trust
with prospects and win more business.
What’s more, a franchise agency usually
has greater buying power for marketing and
advertising. This means that their website,
collateral, signage and other forms of
promotion are more visible in the market area.
Most franchise groups also put more focus on
internal recognition and awards to help keep
the group on track and motivated. As a result,
many franchise groups offer ongoing training
programs and access to mentors to give you the
best chance at achieving results and winning
awards.
However, there are many reasons why real estate
professionals choose not to go with a franchise
real estate agency. To begin with, a franchise
agency has less flexibility when it comes
to branding, marketing, pricing and service
standards, which can limit your autonomy and
creativity. As well, if the franchise agency
belongs to a brand that is considered weak in
the market area, it can hinder your chances of
winning business. Joining a franchise agency
also means abiding by strict policies, procedures
and territory restrictions, which may impact on
your ability to perform and grow your career.
When it comes to deciding if a franchise agency
is right for you, keep in mind that all franchise
groups, and standalone franchise agencies
for that matter, are different. Some groups
have larger budgets, some have greater brand
recognition, some focus on training and others
focus on technology, some are fast-moving
whilst others are slow to change. As such, it’s
important that you do your research on each
franchise group to determine which one best
suits you.
I laughed when someone told me their toddler
was devastated because they woke up without
their glasses and when the mother tried to
tell the toddler that he didn’t wear glasses a
hysterical breakdown occurred. So negotiation
skills – yep mummies I think you have that
covered! Your ability to reason, look at things
from other people’s view, to stay calm during
chaos will make you the best real estate
negotiator around.
18
As you can see, there are many pros and cons
to consider when it comes to choosing between
an independent and franchise agency.
It should be noted that online real estate tools
and apps, such as Buzz Sumo, Beacon, Canva,
and Coschedule, are now giving independents
greater access to resources and levelling the
playing field. But, when it comes to choosing
the best fit for you, it still pays to do your
research.
Independent vs
Franchise – Which wins?
A good place to start is by reviewing agencies’
websites and chatting with industry colleagues
about their experiences so you get a greater
understanding of individual agencies.
When doing your research consider the cultural-
fit for yourself and whether the agency’s values
and ethics are aligned to yours.
If, perhaps, you feel you want to be creative
in your role or would like mentoring first and
foremost, then select an agency that matches
that, whether independent or franchise. Don’t be
lulled into a false sense of brand recognition or
long-time local agency.
Whether independent or franchise, you should
opt for the agency that is progressive, aligned
with local markets, has a great reputation as a
standalone office, and suits you and your career
goals.
19
Wanting to know more about
starting a career in Real Estate?
Call Validum Institute TODAY on
(07) 3193 5270 for a
FREE Consultation to answer all your needs with
an industry experienced Course Trainer and Assessor.
LOCATION
Level One / Unit 9
The Fresh Centre
Brisbane Markets Precinct
385 Sherwood Road
Rocklea QLD 4106
E: admin@validumgroup.com.au
RTO No. 41224
20

More Related Content

Recently uploaded

9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
delhimodel235
 
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In DelhiLow Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
asmaqueen5
 
Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...
Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...
Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...
asmaqueen5
 
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRCall Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
asmaqueen5
 
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
delhimodel235
 
Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝
Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝
Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝
soniya singh
 
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
delhimodel235
 
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
delhimodel235
 
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
delhimodel235
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
delhimodel235
 

Recently uploaded (20)

2k Shot Call girls Karol Bagh Delhi 9205541914
2k Shot Call girls Karol Bagh Delhi 92055419142k Shot Call girls Karol Bagh Delhi 9205541914
2k Shot Call girls Karol Bagh Delhi 9205541914
 
Properties for Sale in Istanbul with Schools and Parks | Antalya Development
Properties for Sale in Istanbul with Schools and Parks | Antalya DevelopmentProperties for Sale in Istanbul with Schools and Parks | Antalya Development
Properties for Sale in Istanbul with Schools and Parks | Antalya Development
 
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 6 Delhi (Call Girls) Delhi
 
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In DelhiLow Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
Low Rate ↬Call Girls in Trilokpuri Delhi ↫8447779280}Escorts Service In Delhi
 
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports WorkTENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
TENANT SCREENING REPORT SERVICES​ How Tenant Screening Reports Work
 
Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...
Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...
Call girls in new Ashok NagarDelhi꧁ 8447779280꧂ Escort Service Women Seeking ...
 
2k Shot Call girls Aiims Delhi 9205541914
2k Shot Call girls Aiims Delhi 92055419142k Shot Call girls Aiims Delhi 9205541914
2k Shot Call girls Aiims Delhi 9205541914
 
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCRCall Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
Call Girls in Karkardooma Delhi +91 84487779280}Woman Seeking Man in Delhi NCR
 
Mahindra Happinest Tathawade Pune Brochure.pdf
Mahindra Happinest Tathawade Pune Brochure.pdfMahindra Happinest Tathawade Pune Brochure.pdf
Mahindra Happinest Tathawade Pune Brochure.pdf
 
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, NoidaM3M 129 E Brochure Noida Expressway, Sector 129, Noida
M3M 129 E Brochure Noida Expressway, Sector 129, Noida
 
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 2 Delhi (Call Girls) Delhi
 
3D Architectural Rendering Company by Panoram CGI
3D Architectural Rendering Company by Panoram CGI3D Architectural Rendering Company by Panoram CGI
3D Architectural Rendering Company by Panoram CGI
 
Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝
Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝
Call Girls In Vasant Vihar Delhi 💯Call Us 🔝8264348440🔝
 
Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024Greater Vancouver Realtors Statistics Package April 2024
Greater Vancouver Realtors Statistics Package April 2024
 
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 1 Delhi (Call Girls) Delhi
 
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial VenturesM3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
M3M The Line Brochure - Premium Investment Opportunity for Commercial Ventures
 
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 137 Noida (Call Girls) Delhi
 
Kolte Patil Kharadi Pune E Brochure.pdf
Kolte Patil Kharadi Pune E  Brochure.pdfKolte Patil Kharadi Pune E  Brochure.pdf
Kolte Patil Kharadi Pune E Brochure.pdf
 
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
9990771857 Call Girls in Dwarka Sector 7 Delhi (Call Girls) Delhi
 
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
9990771857 Call Girls Dwarka Sector 9 Delhi (Call Girls ) Delhi
 

Featured

Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Saba Software
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
Simplilearn
 

Featured (20)

How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
Unlocking the Power of ChatGPT and AI in Testing - A Real-World Look, present...
 
12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work12 Ways to Increase Your Influence at Work
12 Ways to Increase Your Influence at Work
 
ChatGPT webinar slides
ChatGPT webinar slidesChatGPT webinar slides
ChatGPT webinar slides
 
More than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike RoutesMore than Just Lines on a Map: Best Practices for U.S Bike Routes
More than Just Lines on a Map: Best Practices for U.S Bike Routes
 
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
Ride the Storm: Navigating Through Unstable Periods / Katerina Rudko (Belka G...
 
Barbie - Brand Strategy Presentation
Barbie - Brand Strategy PresentationBarbie - Brand Strategy Presentation
Barbie - Brand Strategy Presentation
 
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them wellGood Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
Good Stuff Happens in 1:1 Meetings: Why you need them and how to do them well
 
Introduction to C Programming Language
Introduction to C Programming LanguageIntroduction to C Programming Language
Introduction to C Programming Language
 

Your guide to starting a successful career in real estate

  • 1. TOP 6 TIPS FOR SURVIVING YOUR FIRST YEAR IN REAL ESTATE + MANY BONUSES YOUR ULTIMATE GUIDE TO ENSURE SMOOTH START OF YOUR REAL ESTATE CAREER 6 TIPS FOR SURVIVING YOUR FIRST YEAR IN REAL ESTATE Learn how to make a smooth transition to real estate and make your first year a success. A CAREER IN REAL ESTATE Discover the many different types of roles you can do as a real estate professional. BECOME AN AGENT IN QUEENSLAND Your ultimate step-by-step guide on becoming an agent in Queensland. HIGHLIGHTS VA L I D U M INSTITUTE RTO No. 41224
  • 2. Starting your new career in real estate might seem like a daunting challenge, but it doesn’t have to be. With such a rewarding career ahead of you, all it takes is a few extra steps to ensure you not just survive but thrive as a real estate professional. Here are six tips for how you can get the most out of your first year in real estate. 1. Prepare an Ideal Week When it comes to working in real estate, effective time management is the most important element contributing to your success. Whether you are a sales agent, property manager or administrator, you will be required to plan, prioritise and complete many daily tasks, on top of answering never- ending phone calls and emails. The best way to manage your time is by preparing what’s called an ‘Ideal Week’. An Ideal Week is a document which identifies tasks and prioritises them in an efficient daily order. This is how you can maximise your productivity and minimise your stress, which both go a long way in helping you succeed. 2. Build a support network Having a support network is essential if you want to survive your first year in real estate. Whether it’s through real estate conferences, seminars, and workshops, or connecting with colleagues on LinkedIn or Validum student alumni, these networking opportunities all help build your team of advisors. Forming valuable industry connections with colleagues from all roles and levels is a great way to fill the knowledge and experience gaps you will undoubtedly have when starting your career. 6 TIPS FOR SURVIVING YOUR FIRST YEAR IN REAL ESTATE 2
  • 3. 3. Find a mentor Whilst it’s important to build a support network, finding a mentor is how you can take your career to the next level. Attending networking events and connecting with colleagues online are the best ways to find a mentor that’s right for you. A mentor boosts your career, helps you set goals, and holds you accountable. You should look for someone who asks challenging questions, provides constructive criticism, offers useful resources, and willingly shares their expertise. As the most valuable part of your support network, finding a mentor is how you can take your career from good to great in your first year. 4. Know your marketplace Once you get started in real estate, you’ll soon discover that knowing your marketplace is the key to succeeding. Since real estate is about living and breathing your market area, you should allocate time in your Ideal Week to stepping outside your office and into your community. Getting to know the best places to wine, dine, shop and play, is just as critical as knowing your area’s latest property data. Conducting this weekly research not only helps you become a market area specialist but ensures you feel more at home in the community you now represent. 3
  • 4. 5. Learn about property investment Whilst understanding real estate is essential, agents often overlook the hidden value of learning about property investment. From the moment you start, you will be making important decisions about your clients’ investments and financial security, so it’s critical you understand their needs and how best to fulfil them. As a result, taking a property investment course can not only help you better understand your clients but help you perform better in your new role and stand out from other candidates. 6. Continue to upskill Once you gain your real estate sale certificate and start your new career, your training should not stop there. As you apply what you’ve studied, you’ll naturally find areas where you excel, where you lack, and where you’re interested in learning more. Surviving your first year, therefore, requires commitment to ongoing training. Upskilling and fine-tuning your existing skills can be done online through institutions like Validum – why not upgrade from your Sales Certificate to your full Real Estate Agent Licence? This is how ongoing training can be part of your Ideal Week to ensure you remain at the top of your game in your first year. Your first year in real estate might seem challenging, but these six tips will help you not just survive but thrive. A career in this industry can be truly rewarding if you simply take a few extra steps to help you get started. 4
  • 5. HOW TO MOVE INTO AN AMAZING CAREER IN REAL ESTATE So you’ve made the decision to start a career in Real Estate, good on you. Whether you have been out of the workforce for some time or simply looking for a career change, Real Estate is an exciting industry and one that you have unlimited opportunities for great job prospects and earning capacity. But what’s next? We share 4 simple tips to consider on your path into a successful Real Estate career. 5
  • 6. WHAT ROLE DO I WANT IN REAL ESTATE? This is an important question. There are many careers within the real estate industry, including: Consider your current skills and capabilities which align with the various roles available and do some research on what jobs are out there. Remember, starting at an entry level allows you to learn more about the industry and gives you all-round experience, and allows you to choose which area you’d like to focus on once you’re in the job. Do I need to undertake a Real Estate Course? The simple answer is yes. If you are wanting to become a Real Estate Agent, the Office of Fair Trading requires you (as a minimum) to have completed an approved real estate course. Most agencies will require you to undertake the minimal qualification - this is a Real Estate Registration Certificate Course. In your Real Estate Registration Certificate Course you will learn about: • Your rights and responsibilities as a real estate agent • How to sell a property correctly • Understanding zoning laws and regulations • The importance of continuing education • Consumer advocacy so you can represent your clients professionally and ethically. We often see people undertake a Real Estate Agent Licence Course instead of a Registration Certificate Course to gain a competitive edge over their peers. »» Real Estate Salesperson »» Property Manager »» Resident Letting Agent »» Corporate Support Administration »» Buyers or Sellers Agent »» Sales Manager »» Auctioneer »» Property Valuer »» Research Analyst »» Property Developer »» Business Development Manager »» Real Estate Writer/Photographer »» Real Estate Marketing Executive 6
  • 7. Ensure you get training from a licensed Registered Training Organisation (RTO) like Validum Institute who is a provider of quality-assured and nationally recognised training and qualifications. Consider if you prefer to study in a face to face classroom style or online. At Validum Institute, we offer a blended approach to suit all your learning needs so you can study via an interactive online learner portal combined with personal one-on-one trainer and assessor support. At Validum Institute we offer up to 6 months to complete your Registration Certificate Course. This means you have the flexibility to complete your course at your own pace in your own time. Validum Institute also offers multiple attempts at assessments ensuring your course success. Validum Institute offers a blended approach to suit all your learning needs. HOW TO SELECT A TRAINING PROVIDER 7
  • 8. “I highly recommend the Validum Institute real estate training to anyone that wants to begin a career in Real Estate. Validum allowed the flexibility of being able to manage work, family life and study at my own pace. The knowledge I received was always informative and of a high standard. Their staff are extremely enthusiastic and are always willing to help you in any way to ensure you achieve your goals.” STUDENT TESTIMONIAL WHAT ARE MY JOB PROSPECTS LIKE? The truthful answer is if you’ve gone to the trouble to get Certified and study in an area you are obviously passionate about, they’re really good. A lot depends on where you want to work, what the market is like in that area, and your own personal attributes. Strong salespeople can expect to make six figures and up per year. Research companies you’d like to work for and join professional groups. Get onto LinkedIn and create your professional profile and join Real Estate Groups – it’s free. It will also help you keep up to date with industry trends and you can follow industry movers and shakers. You never know, you just may end up working for them one day! 8
  • 9. HOW TO BECOME A REAL ESTATE AGENT IN QUEENSLAND: EVERYTHING YOU NEED TO KNOW 9
  • 10. Step 1: Check that You’re Eligible to Become an Agent with the OFT To become a real estate agent, property manager or agency administrator in Queensland the first thing you need to do is obtain your Real Estate Salesperson Registration Certificate. Most people will have no problems getting their Registration Certificate. However, there are a few personal circumstances that can stand between you and a successful application (age at time of application, criminal history, and insolvency history). It doesn’t make sense to train without ensuring you’re eligible for the licence, so it’s a good idea to check the Office of Fair Trading (OFT) Queensland requirements first. Step 2: Study for Your Statement of Attainment Your Registration Certificate application with the OFT will require that you have studied for and achieved a Statement of Attainment for Units of Competency with a Registered Training Provider (RTO), such as Validum Institute, for a Real Estate Registration Certificate Course. To obtain your Statement of Attainment you must pass the core 7 units of competency required by the Office of Fair Trading. These units include: »» CPPDSM4008A – Identify legal and ethical requirements of property sales to complete agency work »» CPPDSM4009 – Interpret legislation to complete work in the property industry »» CPPDSM4010A – Lease property »» CPPDSM4012A – List property for sale »» CPPDSM4015B – Minimise agency and consumer risk »» CPPDSM4022A – Sell and finalise the sale of property by private treaty »» CPPDSM4080A – Work in the real estate industry Upon completion of your course you will be issued with a Statement of Attainment for the above Units of Competency. When you study with Validum, we help ensure you’ll get through these units by: »» Clustering them into 4 items of assessment »» Allow you 6 months to complete the course »» Blended approach to training with free on-one-one trainer assessor support »» Making all assessments open book, and including both theory and practical questions »» Allowing up to 3 attempts to complete your assessments with NO exams »» Employing experienced real estate professionals to train you »» Offer an interactive state of the art online learning platform »» A dedicated student lounge to study with free Wi-Fi and parking 10
  • 11. 11
  • 12. Step 3: Apply for You Registration Certificate Once you pass all your units, you’ll be issued with a Statement of Attainment. The next step in the process is to use this Statement of Attainment in your application for your Registration Certificate through the Office of Fair Trading Queensland. Fortunately, the application paper work is only a few pages. There are Registration Certificate application costs involved, however, and as at 9 December 2016 these include: • An application fee and registration issue fee of $312.10 for 1 year or $530.30 for 3 years • A criminal history check ($38.80) A Registration Certificate will allow you to work for a real estate agency under a licensee or real estate principal. Obtaining your Registration Certificate is the first big achievement on your path to a successful real estate career! Step 4: Find Your Agency Now you’re certified, you need to find a job! The good news for those seeking a career within real estate is that, according to the Australian Government’s Job Outlook data, real estate is an industry full of opportunity for both beginners and experienced agents: • Job openings for real estate sales agents are expected to be above average until at least November 2019. • Employment for real estate agents rose moderately in the last five years and strongly in the last ten years. Strong industry growth is expected until at least 2020. • There is an above average number of full-time jobs in the real estate industry. • The unemployment for real estate agents is below average when compared to other jobs. 12
  • 13. Step 5: Upskill With a taste for the industry and a little experience behind you, it won’t be long before you’re discovering which parts of the job you excel at, and where you might like to go next. At Validum Institute, we offer training not just to newcomers, but also to experienced agents who are looking to level up their industry skills, or perhaps even start their own business. We can provide you with the training necessary to apply to be certified to: • Manage residential and holiday resort complexes, apartment complexes, developments of townhouses or villas and tourist facilities with our Resident Letting Agent Licence Course. • Own & manage a real state agency, act as a principle licensee, and work as an independent contractor with our Real Estate Agent Licence Course. We can also help you achieve an educational advantage over other candidates with our CPP40307 Certificate IV in Property Services (Real Estate) Course – one of the highest VET qualifications in real estate available in Queensland. Whether you’re a real estate beginner and are enthusiastic about kick-starting your new career, or you’re an experienced agent who wants to take their skillset to the next level, Validum Institute can train you! One of the most exciting aspects of the real estate industry is the huge opportunity for career progression – you never stop learning, and we’re here to help you make your education count towards a brighter professional future! 13
  • 14. What does a Property Manager do? Property Managers are responsible for leasing and managing the residential, commercial, industrial and retail property on behalf of property owners. They also do the following: • Listen well • Provide excellent customer service • Interview prospective tenants, does reference checks and selects the best tenant for the owner • Collect rent • Arrange repairs • Market the property • Negotiate leases and rent reviews • Advise owners on market rents • Represent the property owner at tribunal hearings What skills and training do I need to become a Property Manager? The professional Property Manager needs excellent communication and people skills, knowledge of all relevant legislation, including building maintenance and town planning, and an understanding of how economic conditions affect the property market. You will receive on the job training in your role, however given the above requirements, in Queensland, you will need to complete a Real Estate Registration Certificate. There are additional Property Management Courses available that will keep you up-to-date after you’ve received your Registration Certificate. Once referred to as the job you have before you step up into a Real Estate sales role, Property Management is now seen as a fantastic career option in its own right. SALES NOT FOR YOU? EVERYTHING YOU NEED TO KNOW ABOUT A CAREER IN PROPERTY MANAGEMENT 14
  • 15. Consider this… What job options are there for a Property Manager? It takes a special type of person to be a professional Property Manager. Your role will be demanding, and you could be expected to work long hours when it’s needed. You will work Saturday’s and be on call to your tenants after hours. Your job is to represent owners and their property investments, and you also want a great working relationship with your tenants. It’s often a juggling act, so an enthusiastic, honest approach to your work will ensure you manage the daily stresses. Increasingly, agencies are valuing the importance of having someone who is well versed and educated – not just in Property Management tasks, but in the management of a profitable and well-run Property Management business. Someone who can demonstrate high-level leadership skills and good people management. Large companies often employ Property Managers to look after the housing needs of their employees. Businesses that have multiple sites employ property managers to look after their retail outlets. You can even work in shopping centres, where you manage retail tenants and the property. You’ve chosen Property Management as your career, so now it’s important to find a job where you can demonstrate your abilities and really succeed. Do your homework online, check out your prospective employer’s business on social media and see what people have to say about them. When researching or interviewing for potential roles, make sure you ask the following questions: • How large their rental portfolio is, how many people work in the PM division? • Why are they recruiting? • Ask the average amount of time a PM stays in the role • Is there a dedicated mentor to help you on the job? • What systems do they use? • Do they plan to offer you any ongoing training or professional development for you? • What type of office culture do they have? You want a place that is supportive and inclusive and genuinely wants you to succeed. If you are prepared to put in the hard work, you will enjoy a rewarding career in Property Management. It will provide you with excellent long term job opportunities and if you are good, no – great at your job, the jobs (and rewards) will find you! Your job checklist? 15
  • 16. “I was extremely impressed with the level of service I received while completing the Full Real Estate Licence course with Validum Institute. From the outset, I had access to great support and fantastic customer service. Doing the course online also made it convenient and easier to complete, as I was able to fit the course into my own schedule. Thanks Validum!” STUDENT TESTIMONIAL INDEPENDENT VS FRANCHISE AGENCIES – WHO SHOULD YOU CHOOSE TO WORK FOR? 16
  • 17. When entering the real estate industry, it can be difficult deciding which agency is the best fit for you. Many questions come up during this time, the most common being- should I choose an independent or franchise agency to work for? To help with your decision, we weigh up their pros and cons and what you should know about both types of agencies. What You Should Know About The Independent Real Estate Agency An independent agency is a single office owned and managed by a licensee who, alongside their team, offers all real estate services or specialises in either sales or property management. There are many reasons why real estate professionals choose an independent agency over a franchise agency. To begin with, since an independent is not governed by a franchise policy, you have more flexibility when it comes to branding, marketing, pricing and service standards. This also means an independent may be quicker to adopt new ideas, technology, and tools, giving you more autonomy and room for creativity. As well, unlike the regulated franchise agency, an independent can easily appeal to a niche market by delivering unique pricing or customer service strategies, which gives you the ability to differentiate and win more business. Other reasons many opt to work at an independent are because they’re usually smaller in size, more in tune with the local market, deliver a personalised service, and provide a greater sense of belonging. However, there are many reasons why real estate professionals choose not to go with an independent real estate agency. To start with, an independent usually has less brand recognition than their franchise competitors. This means you do not have the luxury of winning business simply through using the brand’s reputation, presence or buying power. As well, some independents can be slow to grow as they may have limited resources which could, as a result, hinder your career progression. Due to their smaller size, an independent usually does not have specialist divisions, such as administration, marketing or training departments. Such departments can help you with upskilling and having more available time to dedicate to sourcing clients which can increase your ability to achieve your desired results. When it comes to deciding if an independent agency is right for you, keep in mind that all independents are different. Some have established reputations and some are start-ups, some focus on community and others focus on marketing, some are forward-thinking whilst others are inflexible and lack resources. As such, it’s important that you do your research on each independent agency to determine which one best suits you. 17
  • 18. What You Should Know About The Franchise Real Estate Agency In contrast, a franchise real estate agency is when one party (the franchisor) grants another party (the franchisee) the right to use its trademark, trade name, systems and processes to market and deliver real estate sales and property management services. There are many reasons why real estate professionals choose a franchise agency over an independent agency. For starters, a franchise agency has a larger referral network to help source homes, buyers, sellers and renters, which gives you greater potential to win business due to this extra support. Another reason many opt for a franchise agency is because they have a brand behind them. This high level of brand recognition can help you form instant trust with prospects and win more business. What’s more, a franchise agency usually has greater buying power for marketing and advertising. This means that their website, collateral, signage and other forms of promotion are more visible in the market area. Most franchise groups also put more focus on internal recognition and awards to help keep the group on track and motivated. As a result, many franchise groups offer ongoing training programs and access to mentors to give you the best chance at achieving results and winning awards. However, there are many reasons why real estate professionals choose not to go with a franchise real estate agency. To begin with, a franchise agency has less flexibility when it comes to branding, marketing, pricing and service standards, which can limit your autonomy and creativity. As well, if the franchise agency belongs to a brand that is considered weak in the market area, it can hinder your chances of winning business. Joining a franchise agency also means abiding by strict policies, procedures and territory restrictions, which may impact on your ability to perform and grow your career. When it comes to deciding if a franchise agency is right for you, keep in mind that all franchise groups, and standalone franchise agencies for that matter, are different. Some groups have larger budgets, some have greater brand recognition, some focus on training and others focus on technology, some are fast-moving whilst others are slow to change. As such, it’s important that you do your research on each franchise group to determine which one best suits you. I laughed when someone told me their toddler was devastated because they woke up without their glasses and when the mother tried to tell the toddler that he didn’t wear glasses a hysterical breakdown occurred. So negotiation skills – yep mummies I think you have that covered! Your ability to reason, look at things from other people’s view, to stay calm during chaos will make you the best real estate negotiator around. 18
  • 19. As you can see, there are many pros and cons to consider when it comes to choosing between an independent and franchise agency. It should be noted that online real estate tools and apps, such as Buzz Sumo, Beacon, Canva, and Coschedule, are now giving independents greater access to resources and levelling the playing field. But, when it comes to choosing the best fit for you, it still pays to do your research. Independent vs Franchise – Which wins? A good place to start is by reviewing agencies’ websites and chatting with industry colleagues about their experiences so you get a greater understanding of individual agencies. When doing your research consider the cultural- fit for yourself and whether the agency’s values and ethics are aligned to yours. If, perhaps, you feel you want to be creative in your role or would like mentoring first and foremost, then select an agency that matches that, whether independent or franchise. Don’t be lulled into a false sense of brand recognition or long-time local agency. Whether independent or franchise, you should opt for the agency that is progressive, aligned with local markets, has a great reputation as a standalone office, and suits you and your career goals. 19
  • 20. Wanting to know more about starting a career in Real Estate? Call Validum Institute TODAY on (07) 3193 5270 for a FREE Consultation to answer all your needs with an industry experienced Course Trainer and Assessor. LOCATION Level One / Unit 9 The Fresh Centre Brisbane Markets Precinct 385 Sherwood Road Rocklea QLD 4106 E: admin@validumgroup.com.au RTO No. 41224 20