Specialists in this area are concerned with the valuation, leasing, letting, purchase and sale of either residential or commercial properties.
|Practice Area||Agency (Commercial or Residential)|
|What skills are required?||
|What qualifications are required?||
The requirement for formal qualifications depends on where you work and what you do. Commercial Agents are often expected to have a non-cognate or RICS accredited degree and work towards Chartered status with the Royal Institute of Chartered Surveyors (MRICS). Some Residential Agents may also be Chartered Surveyors, particularly if working with complex or prestigious markets.
There are alternative qualifications for those working in Residential Sales or Lettings, which can often be achieved whilst working.
|What is it like in practice?||
Agents role are busy, varied and active. You may need to work weekends and evenings. The work can include meeting vendors or landlords to talk about marketing their property, researching local markets and trends and collecting evidence to reach an accurate market value.
You will be involved in different stages of the disposal, ensuring all paperwork is completed, managing the sale or letting as it processes and ensuring regulations are followed.
|Work Environment||Split between office and site work, with regular meetings with vendors and applicants.|
Commercial Agents usually work for professional firms, who often recruit graduates on to graduate development programmes, giving participants the opportunity to work across a number of different departments before choosing their specialisms. Smaller firms recruit all year round, offering both specialist and General Practice work.
Whilst many students have an RICS accredited degree, there are opportunities for non-cognate graduates to join a firm and study for a property qualification whilst working.
Estate Agencies regular recruit and often advertise locally and online.
There are also degree apprenticeships in Real Estate Surveying and Estate Agency available.
|Relevant UCEM programmes|
You might like this role if you enjoy:
- Working with different people, including the general public, clients and specialists
- Doing deals and making transactions through leasing and selling properties
See more skills used in agency work:
- Using verbal and written communication skills
- Combining work in an office with visiting properties with clients
Royal Institute of Chartered Surveyors (2019) RICS (2019) [online]. Available at https://rics.org/uk [accessed 1 August 2019]
Graduate Prospects (2019) ‘Job profile’ [online]. Available at: www.prospects.ac.uk/job-profiles [accessed 1 August 2019]
Target Jobs (2019) ‘Job sectors’ [online]. Available at: https://targetjobs.co.uk/ [accessed 1 August 2019]