Estate Agency job description

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Description - Skills - Education - Trends

Those wishing to sell, buy, or rent office buildings or homes will visit estate agencies to consult competent individuals who can negotiate on their behalf. One of an estate agent’s most important tasks is figuring out how much the properties they rent or sell are worth in comparison to similar structures elsewhere in the area. A key aspect of the job is total familiarity with the districts in which properties are located in order to successfully market them to potential renters or buyers.
While representing their clients, estate agency employees also have frequent interaction with mortgage brokers, banks, surveyors, solicitors, and building societies. When clients are unable to manage their own rented properties, they often use estate agencies to do the job for them
Most estate agency positions only require basic formal educational qualifications as entry-level employees are hired as trainees who learn as they advance their careers. Trainees can expect to earn between £10,000 and £20,000 at entry-level, but salaries can increase to between £25,000 and £55,000 with increasing experience in the field.

Description

Estate Agency sector is related to negotiation, sales, managing, and marketing procedures for property selling. Inside this industry there are different jobs, such as estate officers, letting agents, estate agents, among others. Estate officers are required to manage properties and estates of land that belong to health authorities, local councils and other organisations. These officers need to ensure that the property or land is maintained in terms of its economic value and proper use.

An Estate officer usually performs many of the following tasks:
• Organising repairs.
• Overseeing environmental issues.
• Ensuring properties are well maintained.
• Monitoring tenancy agreements.
• Investing resources in order to obtain returns.

Skills

• Being able to work under pressure.
• Having high attention to details.
• Being organized.
• Having competent IT skills.
• Having good knowledge about market.
• Having strong presentation and communication skills.
• Being tact and trustworthy.
• Being able to motivate others.
• Having teamwork skills.
• Having competent negotiation abilities.

Education

Estate Agency area has multiple set of requirements depending on required job. A recommended way to enter to this business is to join a company as a trainee. There are no specific qualification requirements for this job, but it is recommended to have GCSE’s/S grades (A-C/1-3) as a minimum.

It is also suitable to have a driving licence and a Level 3 Technical Award in Residential Letting and Property Management from the National Federation of Property Professionals.

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