||Overview of Real Estate
Real estate is a tough but rewarding industry for people who love sales and talking about house prices. Real estate careers include real estate agent, land valuer or appraiser, property manager, developer and property administrator.
The road to becoming a real estate agent involves studying a Certificate of Property Services, followed sometimes by a diploma. Other study options in the field include a graduate diploma in property valuation, a property management degree and a business degree.
Studying Real Estate
There is a wide range study options in real estate. Taking a Certificate III in Property Services would be your starting point, and a property management degree will teach you some broader skills.
However, qualifications are not necessary for some entry-level real estate agent jobs, because agencies can help you get your real estate licence as you work.
There are also institutions that can deliver the real estate course online, in-person or a combination of both.
Getting Certified Practising Valuer (CPV) status requires a degree in property, real estate or valuation; two years of full-time work under supervision; and an Australian Property Institute Board of Examiners interview.
Careers in Real Estate
The job prospects in real estate to 2013 are expected to remain steady, according to the DEEWR. It’s a large industry and there will always be people looking to buy, sell or rent properties.
And although the number of employed property valuers has dropped by over 6,000 since 2007, the DEEWR expects strong growth in the next three years.
It can be tough for a new agent to adjust to the fluctuating work hours and getting paid on commission. However, full-time agents and property managers earn an average of $920 a week.
It’s a property valuer’s job to predict the value of all types of land and buildings, before putting the findings into a comprehensive report. People who want to become a valuer need to reach Certified Practising Valuer (CPV) status with the Australian Property Institute (API).
Skills needed in Real Estate
Real estate agents and property managers are not only great at customer service, networking and sales, they also have very good money and time management skills and a grasp of real estate ethics and the law.
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