Real Estate Agency Principal manages the overall activities of a real estate agency. Registration or licensing is required.
Occupation description
Real Estate Agency Principal manages the overall activities of a real estate agency. Registration or licensing is required.
Real Estate Agency Principal is a VETASSESS Group C occupation
This occupation requires a qualification assessed as comparable to the educational level of an Australian Qualifications Framework (AQF) Diploma or higher, in a field highly relevant to the nominated occupation.
In addition to this, applicants must have at least one year of post-qualification employment at an appropriate skill level completed in the last five years in a field which is highly relevant to the nominated occupation. If employment is not post-qualification, then three additional years of highly relevant employment are required.
If the qualification is not in a highly relevant field, two years of employment at an appropriate skill level, completed in the last five years which is highly relevant to the nominated occupation is required. This is reduced to one year if there is an additional qualification at least at AQF Certificate IV level in a highly relevant field.
A positive assessment of both qualifications and employment is required for a positive Skills Assessment Outcome.
Qualification & Employment Criteria
Qualification
Highly relevant major fields of study include:
- Real Estate Agency Management is the study of the developing, purchasing, leasing and selling buildings, businesses and properties, as well as the associated management and business skills to operate a real estate agency.
- Property Services (Agency Management)
This occupation requires a qualification assessed as comparable to the education level of an Australian Qualifications Framework (AQF) Diploma or higher and in a field highly relevant to the nominated occupation.
Employment Criteria
Highly relevant tasks include, but are not limited to:
1 accepting and listing properties and businesses for sale and lease, conducting inspections, and advising buyers on the merits of properties and businesses and the terms of sale or lease
2 cataloguing and detailing land, buildings and businesses for sale or lease and arranging advertising
3 developing and implementing business plans, budgets, policies and procedures for the agency
Additional tasks may include, but not be limited to:
- Develops and implements business plans, budgets, policies and procedures for the agency
- Maintains and monitors business records and prepares financial statements and reports
- Arranges the purchase of supplies and maintains office support systems and facilities
- Selects, trains and supervises staff
- Identifies and implements competitive advertising and marketing techniques
- Implements and monitors customer service standards and strategies
- Maintains and monitors sales and property management systems
- Ensures that real estate practices, statutory duties and legal requirements are observed
- Authorises listings of properties for sale or rent
- Ensures compliance with occupational health and safety regulations
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