Finding the most suitable job that matches your strengths and career goals can seem a bit daunting.
Have you considered the real estate industry? It attracts thousands of people every year across a diverse range of roles, from Property Managers and Agents to Marketing, Sales, Auctioneers and more.
While real estate is a thriving sector in Australia, it’s also a fast-paced environment that can be both challenging and rewarding. The benefit is that you can typically enter the industry at any age or life stage and only require some professional training, a bit of experience, a love of property and strong interpersonal skills.
In this article, we’ll discuss the steps you need to take to get started in real estate and some considerations you need to know before you embark on this career trajectory.
Why choose a real estate career?
The most common roles in real estate are Sales Agent and Property Manager.
Working as a real estate agent or property manager offers a great deal of variety. From working with different clients to visiting homes, marketing properties and achieving a great outcome, no day is ever the same – making this profession ideal for those who love diversity and excitement.
According to recent data, the average real estate agent salary in Australia is $56,750 per year (not including commission) while most experienced agents can make in excess of $114,000 per year. This means there’s a huge earning potential in real estate and, when compared to other careers that require a tertiary degree with similar earning potential, getting your real estate license is a relatively quick and affordable process.
Things you need to know before beginning your real estate career journey
If you’re thinking about pursuing a career in real estate, there are a few important things to know and understand before you begin.
The starting point for most real estate careers involves working as a sales support, assistant or property manager. To become a registered agent, you must complete a real estate registration course, depending on the Australian state you’re in, at a registered training organisation such as:
While working as a sales support, assistant or property manager is a great way to gain experience and learn more, you may have your sights set on obtaining your license to become a registered agent or even run your own agency. However, many people also enjoy other real estate roles and stay in them for their entire career – there are so many options.
3 steps to start a career in real estate
The Australian property landscape is an ever-changing industry and there are many great reasons why you should work as a real estate agent or property manager in Australia.
Here are three simple tips to set you on a career trajectory in real estate:
1. Review your state’s guidelines
Since there’s no national regulatory body for real estate agents, each state has different guidelines for real estate licensure as well as rules and regulations about property. You may need to submit proof of training, undergo a background check and meet certain age requirements. Research your state’s guidelines to make sure you’re prepared.
2. Complete a real estate pre-licensing course
In order to learn more, join the industry and take the licensing exam, you have to complete a real estate course first. These courses will teach you the fundamentals of selling and buying real estate, including:
- Property rights
- Titles, deeds and ownership laws
- Property taxes
- Zoning and environmental laws
- Appraisals and market analysis
You can take these courses at community colleges, dedicated real estate schools or even online. While each state has different requirements for how many hours of coursework you need to complete, expect anywhere from 20 to 200 hours.
No matter what real estate role you choose, these courses will help you get up to speed fast so you can achieve great results.
3. Pass the state real estate exam then apply for a license
You need to pass your state’s real estate license examination to earn your license. Although each state exam varies, you’ll have to complete two sections: a national real estate portion and one that’s specific to your state’s laws and regulations.
Once you passed the exam, you can apply for a license. While requirements may vary by state, you’ll likely need to submit proof of completing a real estate course and a passing grade on the exam.
Now, you’re ready to go! It’s time to find the ideal real estate role.
To help you get noticed by the right real estate agency that matches your core strengths and work preferences, an intuitive and revolutionary recruitment platform like MPLOI allows proactive job seekers like you to start your career in the real estate industry with success.
What is MPLOI?
MPLOI is an interactive and innovative employment app that matches like-minded employers and potential employees based on similar values, qualities and skills through a career alignment algorithm.
With MPLOI’s modern approach to proactive recruitment, we empower job seekers and business professionals to pursue new career opportunities by simply swiping to start a conversation with a potential employer.
This recruitment platform gives you instant access to a plethora of potential estate employers offering the ultimate stress-free recruitment solution for professionals like you.
Register your interest below and get notified of our upcoming launch! HERE MPLOI