Overview
Real Estate Agency Principals manage the overall activities of real estate agencies.
Day-to-day
- accepts and lists properties and businesses for sale and lease, conducts inspections, and advises buyers on the merits of properties and businesses and the terms of sale or lease
- advises vendors of sales and marketing options such as sale by auction and open house inspections
- catalogues and details land, buildings and businesses for sale or lease and arranges advertising
- assesses buyers' needs and locates properties and businesses for their consideration
- offers valuations and advice for buying and selling properties and businesses, and structures the terms of settlement
- collects and holds rent monies from tenants, and remits to owner on agreed basis
- monitors and addresses non-compliance with terms and conditions of tenancy and pursues rental arrears
- develops and implements business plans, budgets, policies and procedures for the agency
- may arrange finance, land brokerage, conveyancing and maintenance of premises.
Considerations
- Requires driving
- Working outdoors
- Stressful
To become a Real Estate Agency Principal
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You usually need a certificate IV in real estate practice or property services to work as a Real Estate Agency Principal. Some Real Estate Agency Principals have university qualifications in related areas such as business and management.