When people need to buy, rent, or sell homes or office buildings, the first people they turn to are estate agents. Before selling or renting properties, these professionals must first carefully assess the value of each property compared to others in the region. The position requires strong knowledge of the local area where properties are situated to properly market to people who may be interested in renting or buying. Agents will negotiate with buyers or renters on behalf of owners wishing to sell or rent properties
Solicitors, surveyors, building societies, banks, and mortgage brokers are others with whom estate agents frequently interact while conducting transactions on their clients' behalf. A number of estate agencies sub-specialise in managing rental on behalf of their clients. An essential requirement for the position is honesty in dealing with clients.
No formal educational qualifications are necessary for the job, although studies in engineering, business, surveying, or estate management can be helpful. Previous experience in sales or administration is an asset, but most estate agents enter the field as trainees who learn on the job. Trainee salaries begin between £10,000 - £20,000, with experienced agents taking home between £25,000 and £55,000 per annum.