A career in the real estate profession creates an opportunity to interact with a wide range of people while working. Different jobs in real estate can give personal satisfaction by assisting people with important life decisions to achieve their dream(s) of buying a home or an investment property.
Exceptional customer service and individuals who exude confidence are some of the qualities required in a realtor. A realtor ought to be ready to work long hours, late nights and on weekends despite the job market being subject to market fluctuations and intense competition. Over and above this the jobs are lucratively rewarding.
High ethical standards must be observed as the real estate job involves transactions that are mainly financial decisions made between a realtor and the client. Getting a job in the real estate industry requires both academic qualifications and good personal attributes. Different jobs in real estate require different set of skills
Real Estate Definition
Real Estate is the business of selling land, buildings as well as any physical property i.e. houses, buildings, landscaping, fencing, wells and other improvements on the land. There are many careers in the Real Estate field depending on one’s passion, academic, talent, professional qualification and legal requirements. Job opportunities in real estate are many, and the following are some that one can choose from.
Job Opportunities in Real Estate Industry
A Real Estate Agent Representative
A real estate agent in Australia assists in transactions; they also represent a fully licensed agent by getting a real estate license. Being an entry level job, they get to learn on the job under the close guidance of the fully licensed agent. One is also required to fulfill a list of requirements by the Business Licensing Authority in Australia. Their work entails renting, buying, selling a property for clients, they arrange for site visits, hold interviews with prospective customers, and analyze property listings, a background check on a property, draw up contracts, terms and conditions for sale. Their qualification is that they must have a year’s experience as an agent representative.
A Property Manager
They are also known as an Estate Manager. Their work majorly involves managing properties on behalf of clients at a specified fee. They come in handy especially on taking care of rental properties and, particularly when the owner has other commitments. They also help where the property or the project is big and needs professional management in an estate, a commercial building with offices to let. They can also manage residential apartments for renting. The manager can be a person or a company to oversee the buildings. The manager is involved in marketing, tenant’s management, occupancy, facility management, general administration and risk management.
Like other jobs, the manager should possess people skills, organization skills, good communication skill as well as negotiation skills. The skills help him to cope with the daily needs of the tenants. These makes sure the building is well-maintained, and the owner is also satisfied. The manager also makes sure the rent is paid in time, and the monies reach the owner. He is also involved in rent reviews to match the current market rate and improve the building appropriately.
A Conveyancer takes care of the conveyancing process. These includes transferring of property, title, from buyer to seller. The Conveyancer draws up the legal papers to assist in the transfer process. They are necessary since the legal process can be complicated thus needing legal experience and consultancy. They also advise on the financial aspect of purchasing e.g. mortgages and must be carried out by a professional Conveyancer. A Conveyancer in Australia has to be a registered member of The Australian Institute of Conveyancer. Before being admitted to the body, one has to undergo a two-year training program to be certified.
Values are responsible for giving fair property value assessments. In most cases, they are recommended by a company or a bank and use comparative market data or estimated property cash flow to determine value. The valuations are mostly used for refinancing as well as for new sales. Their work is not mainly affected by market fluctuations, and they are always on call. They are usually certified by Australian Property Institute (API) with Certified Practicing Valuer (CPV) status. The Valuers should possess the latest information to keep up with the property market trend. Knowledge of land economics is also relevant
There are other careers in real estate that are supportive in nature. They serve to improve the real estate sector both directly and indirectly. Examples include landscaping, wells and boreholes drillers, interior designers, interior decorators and even finance consultants. The finance consultants aid in sourcing funds to facilitate a buyer to purchase property e.g. Through mortgages or to advise on an investment portfolio for real estate investors.
Real estate jobs in Australia are many; one can use the internet to do a job search or register with a recruitment agency