Real estate agency work - moved from Sheep Dip to Main forum.
#1
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Joined: Jul 2008
Location: From Devon, England - Now Timaru, New Zealand
Posts: 45
Real estate agency work - moved from Sheep Dip to Main forum.
Soz, first time ive been on this and while reading spotted Am Loolah is a real estate agent, Im an estate agent in the UK and moving over in Sept hoping to continue in this field, any help would be greatly appreciated, cheers kay
Last edited by BEVS; Jul 31st 2008 at 1:32 am. Reason: moved from Kiwi says thread to it's own thread.
#2
Re: Real estate agency work - moved from Sheep Dip to Main forum.
I have moved this post from the 'Kiwi Sayings' thread in the Sheep Dip to it's own thread in the main forum.
#3
Re: Real estate agency work - moved from Sheep Dip to Main forum.
Hi Kayos,
You should have no problems with your type of work as its on the long term list for skill shortages.
Have a look on immergration site under skilled migrant.
as you may get extra points.
So hope you look forward to going, wish I was still there.
Regards
You should have no problems with your type of work as its on the long term list for skill shortages.
Have a look on immergration site under skilled migrant.
as you may get extra points.
So hope you look forward to going, wish I was still there.
Regards
#4
By name and by nature
Joined: Mar 2005
Posts: 1,852
Re: Real estate agency work - moved from Sheep Dip to Main forum.
Hi there. Is it really on the long term list???? I'm a PA in the industry and agents are dropping like flies at the moment. The agency I work for is recruiting and your best bet would be to take a position as a sales assistant to an established agent if you can - usually only the top earners have 'assistants'. You get a retainer (not all agencies offer this) and a bonus from sales as opposed to actual commission but it means you're well placed to strike out on your own when the tide turns. Good luck.
#5
Re: Real estate agency work - moved from Sheep Dip to Main forum.
Hi there. Is it really on the long term list???? I'm a PA in the industry and agents are dropping like flies at the moment. The agency I work for is recruiting and your best bet would be to take a position as a sales assistant to an established agent if you can - usually only the top earners have 'assistants'. You get a retainer (not all agencies offer this) and a bonus from sales as opposed to actual commission but it means you're well placed to strike out on your own when the tide turns. Good luck.
It is NOT the same as in the UK. Basically you are self-employed and you represent a company - the agency with whom you have a contract. They pay you nothing, you are on a commission based income only. You need to source your own business, it is rare (may vary from area to area) for someone to pick up the phone or walk in the door of the office and ask you to sell their house, until you are known and recommended. You build up a database and start with pretty much nothing. This includes such fun jobs as door knocking, flyer dropping and offering to do other agents open homes. By doing that you will come in to contact with buyers. Here you can take your buyers through any other company's listings - by appointment - and the commission is split between the 2 companies if sold.
Having said that it can be financially rewarding in a good market. Sadly, the current market is pretty lacking in confidence and as Batty said agents are dropping out as you can't live on nothing. I can't imagine it will have improved much by September, so Batty's advice would be the best route in at this time. We're certainly not seeing many newcomers to the industry at the moment!
PM me if you'd like to know more.
cottageinthesky is another agent, she's near Wellington.
Also should mention there are start up costs involved. You need to attend a Salespersons Course and pass it (fees for this have just increased to I think around $750). You need to apply for registration and your certificate from the Institute (another $350-$400 I think.) You'll need a car with business insurance. A laptop and mobile. And to be registered for GST and tax as you will be responsible for this.
Last edited by Am Loolah; Jul 31st 2008 at 10:43 am. Reason: Forgot something ... dur!
#6
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Location: From Devon, England - Now Timaru, New Zealand
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Re: Real estate agency work - moved from Sheep Dip to Main forum.
Cheers all, really good advice! Soz how do I 'PM' someone? Looks like I'm jumping out of the frying pan into the fire then as market there sounds like ours here, anyone give advice about a career change! Seriously though been thinking maybe I should train as a teacher or something....
#8
Re: Real estate agency work - moved from Sheep Dip to Main forum.
also to add to the above, my father was a real estate agent for years in wellington. He was very involved with 'community' stuff. by that i mean, he sponsored a few kids sports teams, and helped out with rugby club type activities. ie what Am Loolah said about getting a database of people is important, and also being recognised by those people. Lot of church going agents found their clients there too. Not by passing out cards (though i think if half of them, including my father could have got away with it they would have) but rather by being the person they think of when they go to sell the property.
Actually my mother started working part time when he was in real estate as well - as stated, most work on commission only.
You'll need a car with business insurance
Definitely! i am not sure how common it is in the UK as the real estate agents I encountered never once drove me to the property (perhaps an anomoly? also it was for rentals) but it is quite common to meet at an office and drive out in one car - therefore, as my father found out when he first started, you can't drive a 2 door hatchback! They also drive out to the properties themselves, so don't worry you are not a taxi service! But a lot still do (at least where i live) drive you to a property.
Actually my mother started working part time when he was in real estate as well - as stated, most work on commission only.
You'll need a car with business insurance
Definitely! i am not sure how common it is in the UK as the real estate agents I encountered never once drove me to the property (perhaps an anomoly? also it was for rentals) but it is quite common to meet at an office and drive out in one car - therefore, as my father found out when he first started, you can't drive a 2 door hatchback! They also drive out to the properties themselves, so don't worry you are not a taxi service! But a lot still do (at least where i live) drive you to a property.
#9
Forum Regular
Thread Starter
Joined: Jul 2008
Location: From Devon, England - Now Timaru, New Zealand
Posts: 45
Re: Real estate agency work - moved from Sheep Dip to Main forum.
Hi there. Is it really on the long term list???? I'm a PA in the industry and agents are dropping like flies at the moment. The agency I work for is recruiting and your best bet would be to take a position as a sales assistant to an established agent if you can - usually only the top earners have 'assistants'. You get a retainer (not all agencies offer this) and a bonus from sales as opposed to actual commission but it means you're well placed to strike out on your own when the tide turns. Good luck.
#10
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Joined: Mar 2005
Posts: 1,852
Re: Real estate agency work - moved from Sheep Dip to Main forum.
I'll PM you.