Marlborough Boys’ College
Real Estate Agent Māngai Hoko Whare/Whenua
Real estate agents arrange property and house sales for clients.
Real estate agents must be licensed with the Real Estate Authority (REA).
Real estate agents may also choose to register with the Real Estate Institute of New Zealand.
Real estate agents may do some or all of the following:
- advertise and market properties
- arrange and host open homes
- build relationships with sellers and buyers
- complete sales and negotiate contracts
- research the housing market and property values
- organise building inspections and reports.
Branch manager
To become a branch manager you need to:
- complete the New Zealand Certificate in Real Estate (Branch Manager) (Level 5) after you have been working for three years.
- apply for a branch manager’s licence from the Real Estate Authority to legally work in New Zealand.
Real estate agent
To become a real estate agent you need to:
- complete the New Zealand Diploma in Business (Level 6) with the real estate strand after you have been working for three years.
- apply for an agent’s licence from the Real Estate Authority to legally work in New Zealand.
Useful Experience
Useful experience for real estate agents includes:
- sales work
- public relations
- customer service.
Personal Qualities
Real estate agents need to be:
- self-motivated and hardworking
- skilled communicators and negotiators
- honest and trustworthy.
Skills
Real estate agents need to have knowledge of:
- sales and marketing techniques
- networking and relationship building
- real estate market trends, nationally and in their area
- property laws and regulations
- mortgage financing, basic accounting, and business contracts.
Conditions
Real estate agents:
- may work long and irregular hours, including weekends and evenings
- are based in offices
- travel to local homes or commercial properties that are for sale.
Subject Recommendations
You need NCEA Level 2 to do the study or training for this job. Useful subjects include accounting, business studies, digital technologies, economics, and mathematics.
Related Courses
Real Estate Agents can earn around $63K-$185K per year.
Pay for real estate agents varies.
Real estate agents usually earn $63,000 to $185,000 per year.
Real estate agents can earn $48,000 to $316,000 per year.
Source: TEC research.
With further training, real estate salespeople may progress to become real estate agents or branch managers.
Real estate agents may specialise in selling residential, commercial, or rural properties.
Years Of Training
<1 year of training usually required.You need experience and a qualification to become a real estate agent.
You need:
- 3 years' supervised experience at a licensed real estate agency
- a New Zealand Certificate in Real Estate (Level 6) OR a New Zealand Certificate in Real Estate (Agent) (Level 6) OR a Graduate Diploma in Business Studies (Real Estate)
- a current agent's licence from the Real Estate Authority
- to be 18 years old
- to pass a police check
- to be a fit and proper person.
You may need:
- a tertiary qualification recognised by the Real Estate Authority
- a driver licence.
You need to be registered to do this job. This means you meet your industry's professional standards.
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