Property agents act as a liaison between property sellers and buyers. They assist property sellers to look for someone who will pay the highest selling price and help buyers look for a property at the lowest possible cost. In cases where they need to act as both, they would need to have both parties sign a dual agency agreement which specifies whom they represent as client and customer to protect their broker license.
As an ERA property agent may not be the career of choice for most people because it requires a lot of hard work and time. But some people choose to be one because of the income or commissions are limitless. So how can you become a real estate agent?
In order to become a real estate agent, you need to pass some requirements and qualifications. Requirements to become a real estate agent may be different for most countries. In Singapore, there are basic requirements before you can start a career as a property agent and these are:
- At least 21 years old
- Passed a minimum of 4 GCE O-Levels or Equivalent
- Must be a Singaporean citizen or a Permanent Resident
If you meet these requirements, you can take and pass the Real Estate Salesperson (RES) Course which is schedule every two months and has a fee of $250-$350. Next, you must choose and apply to the property agency you want to represent and secure a real estate agent license.
Personal Skills and Investments
A real estate agent should be passionate about what they do. First you must love to sell and meet different types of people and money will just come in second. Becoming an effective real estate agent is a long process and requires you to gain more experience before you start earning. On the average, it will take about six months before you earn your first commission. If you’re lucky you might get it sooner, worse, it may take you longer.
Time management is the key. A real estate agent does not work behind a desk most of the time. They have to be flexible and make sure all clients are met and this could mean working after office hours, weekends and even holidays, depending on the demands of your clients.
Invest in making yourself better. You can do this by attending seminars to master the art of selling and know your target market. This may be a cost for you at first, but most people can prove this to be rewarding.
Advertise. Some agents skip this part in order to cut expenses thinking it’s more profitable but they may be cutting out potential customers instead. Advertisement is a marketing strategy that can gain you more exposure and possibly more customers.