Yep that is right – it is true and anyone can do it, even you! Your only requirement is to undertake a short inexpensive industry qualification and pay your Registration or Licence fees to the Office of Fair Trading (OFT) and you’re on your way to earning a 6-figure income in your first year.
It doesn’t matter what your background is, what previous career you did – take the leap and you could be in a career giving you more than you ever dreamed of.
We outline the 5 must know steps to starting your new career in real estate.
Step 1: Decide a career in Real Estate is for you!
This is an important step. If $$$$ is what you are chasing chances are you will want to get into anything around sales or property management. If you have a general interest in property and people, you are 50% of the way to being a success in real estate.
What career is right for you?
There are many careers within the real estate industry, including:
- Real Estate salesperson
- Buyers or Sellers Agent
- Sales Manager
- Property Manager
- Resident Letting Agent
- Property Developer
- Property Valuer
- Research Analyst
- Business Development Manager
- Real Estate Writer/Photographer
- Real Estate Marketing Executive
- Corporate Support Administration
Did you Know?
The good thing about real estate is that you don’t have to have a background in sales to work in this industry. Starting at an entry level allows you to learn more about the industry and gives you all-round experience. You may start in sales but soon decide that property management suits you better and moving to different roles within the industry is relatively easy to do.
Step 2: Check you are Eligible to be Registered or Licenced with the OFT
You may not realise that the Office of Fair Trading Queensland issues Registrations and Licences to work within real estate or property industries. For example, to become a real estate agent, property manager or letting agent in Queensland the first thing you need to do is obtain your Real Estate Salesperson Registration Certificate or full Real Estate Agent Licence.
Best to check first
It doesn’t make sense to pay for and obtain your qualification without ensuring you’re eligible for the Registration Certificate or Licence, so it’s a good idea to check you meet all the Office of Fair Trading (OFT) Queensland requirements on their website first.
Why would I not be eligible?
Most people have no problems getting their Registration Certificate or Licence. However, there are a few personal circumstances that can stand between you and a successful application (eg. age at time of application, criminal history, insolvency history etc).
Step 3: Get your qualification to work in real estate?
Before you can apply to the Office Fair Trading Queensland for your Salesperson Registration Certificate or Real Estate Agent Licence you are required (as a minimum) to have completed an approved real estate qualification. This ensures you understand the basic real estate environment and what to do when working in the real estate industry.
Where do I get my qualification?
Ensure you get qualification from a licensed Registered Training Organisation (RTO) like Validum Institute who is a provider of quality-assured and nationally recognised real estate qualifications.
If you like the flexibility of online study but also the personal attention of face to face training, Validum Institute offers a blended approach to suit all your learning needs with an interactive online learner portal combined with personal one-on-one tuition and a student lounge. For less than $500 you won’t find a better real estate training provider for your real estate qualification than Validum Institute.
What will I learn?
You may be wondering what you learn in your real estate course. The following is a list of the Units of Competency (subjects) in your Real Estate Registration Certificate Course:
- CPPDSM4008A – Identify legal and ethical requirements of property sales to complete agency work
- CPPDSM4009B – Interpret legislation to complete agency work
- 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
What do I do after I have completed my qualification?
After studying with Validum Institute you will feel empowered with the practical skills and knowledge ready to start your new career. Upon completion of your course you will be issued with a Statement of Attainment for the above Units of Competency. Use this Statement of Attainment to show the OFT that you have obtained your real estate qualification.
Step 4: Apply for Your Real Estate Registration Certificate or Licence
Once you pass all your Units of Competency for your qualification, you’ll be issued with a Statement of Attainment. The next step in the process is to provide a copy of this Statement of Attainment in your Application for your Real Estate Salesperson Registration Certificate or Real Estate Agent Licence to the Office of Fair Trading Queensland. Fortunately, the application paper work is very simply and only a few pages long.
How much does it cost?
There are costs involved to be Registered or Licenced, but the outlay is relatively small for the gains in a real estate career. For example, your Registration Certificate Fee can be as little as $350. These fees 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)
What can I do with my Registration Certificate or Licence
A Salesperson 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!
You can also undertake your Real Estate Agent Licence Course upfront and obtain your full Real Estate Agent Licence allowing you to start your own agency or contract yourselves to various agencies and learn even more skills about the real estate industry. If you’re wanting to see how a career in real estate suits you first, you can always upgrade to your full real estate qualification and Licence at a later date – so don’t worry.
Step 5: Start your new career
Now you’re Registered or Licenced, 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.
Make sure you bring you ‘go get’ attitude and approach agencies direct with your employment interest. Look for an industry mentor to help guide you and attend industry networking events.
Real Estate Success is all about putting yourself out there to reap the rewards, so don’t be shy!