Hey Everyone! For anyone thinking of getting into Estate Agency , if you have any questions, put them down below! I used to be an Estate Agent myself so I know the ins and outs.
Hey there. Nice video, very clear. I am a landlord, and looking to learn the inner workings through an Estate Agents. Do you have any tips on what questions they would ask for an interview? Cheers
This is crazy and interesting information. I’m a Real Estate Agent in the USA. We are called “realtors” here. No base salary whatsoever, we are 100 percent commission, so most realtors are in and out of the biz in under a year. It’s a really difficult business because people only trust those who have a proven track record of being a successful realtor, so it’s hard for new agents to grab any sales right off the bat. Also your right... a super toxic environment. Everyone is trying to steal each other’s clients. Brutal business....
Hey Zach, thanks for the comment! (first from from outside the UK 😄) I used to work with a Canadian guy who said its very similar to the US in terms of pay and commission structure. To me, its crazy to think there's no base salary because its then extremely hard to build up a pipeline unless you have a big chunk of savings to live off, and even then it's still a risk. On the other hand, if you sell one property, and you get like 2% of $500k then i guess it's very rewarding, but it's like you say, you need your name out there and for people to trust you. In the UK, the structure is different and I think it's mainly because anyone can become an agent without any qualifications whereas at least in the US you need a realtors license, which requires passing exams. I think if you were to compare a "good" UK estate agent vs a "good" US real estate agent, then I think the US one would definitely be making so much more money. I've moved on from that side of the business now, but still have a lot of friends in the field 😊 Hope all goes well goes well for you in the Real Estate World out there!
Hi, very helpful video Out of curiosity when you say that yoy may be expected to work some Saturdays does that mean a 6day work week or does that mean that youll be taken off another day in the week and put on a Saturday instead?
Thanks for this very informative video. As you explained in the end, real estate isn’t as glamorous as it seems, I was looking into it before, however I don’t think I will anymore.
awesome video, looking at going into estate agency after an apprenticeship and then starting my own office and charging low fees as I'm the only employee
Thank you for the comment! 😁 Good luck with the apprenticeship and the next step after that! I think starting your own business is an amazing goal, but don't charge low fees just to undercut the market, build your brand, get good at what you do and don't accept any less than what you're worth. Trust me, you don't want to be known as the agent that charges "low fees" because it could come back a bite you when you end up making a loss on taking on an instruction. Running costs can be higher than you think, so always make sure to double check your strategy!
@@RWProperty 100% agreed, charge what you're worth, people pay lots of money to employ accountants to handle their money, why wouldn't they spend a similar amount on somebody to assist with the biggest purchase you'll ever make? Good luck with it!
Hi, you mention that property consultants are essentially a fancier title for negotiators. Is this true? I have an interview next week for a property consultant position, the same company has separate negotiator roles though, so I would assume there is some difference? Could you elaborate please? Thanks
Hi Shifted, that's a good question, and thanks for asking! In my experience, a property consultant is typically the same thing as a negotiator. This will depend on the company type. Normally where a property consultant and negotiator are the same is in a traditional estate agency model. If you are applying to a multi-disciplinary company, one where for example, there is sales, property management, lettings, surveying, investment, and other property roles, then a property consultant can be a very different type of role. I would say to have a look at the job spec and see whether it resembles a traditional negotiator role. If it's unclear, then definitely ask at the interview what the difference is, and what types of responsibilities you would have. Hope that helps!
I want to become an estate agent when I’m around 16+. My question is do you have to work on Saturday or can you work Monday-Friday from 9am to 4pm, so that you can work the forty hours in the week and get weekends off. Also, do you have control over your work schedule? Btw thanks for the video!👍
Hey A.M, thanks for the comment and questions. This would highly depend on your contract. Most companies will want you to work Monday-Friday, and the hours typically are 8:30 - 6ish. Every company is slightly different though. Most companies will want you to work Saturdays too, but some might have a 'every second Saturday' policy or even a once a month Saturday policy, so it varies. When the time comes for you to apply, they'll usually specify the working hours. Estate Agency is one of those that the more you put in, the more you'll get out, so if you start doing 9-4, you'll probably quickly realise that it's not enough time to get everything done! When you start out, you don't really have a huge amount of control of your schedule. Since it's targets based, if you've hit your months targets in your first 3 weeks, then technically you can kind of kick back for the last week, or prep for the next next month and get a head start. Overall, I would say its not super flexible, especially in big corporate firms... Independents I think are a bit more relaxed though. Hope that helps and answers your questions 😁👍🏻
Hey Anne! So that comment is aimed at the personality traits that border any association with being a pushover, or fragile or not able to stand up for yourself, because that was what I saw quite often in the estate agency world and people who were seen as the 'nice' people, who wanted to be friends with everyone, didn't actually do that well. It's unfortunate but a cruel truth. Don't get me wrong, you have to be nice, but as soon as someone mistakes your niceness for weakness, then you have to show them your other side. Hope that makes sense 😅
I'm looking to come to UK with a work and travel visa and can be granted to stay no more than 2 years. Wanted to know if Real Estate firms accept people with visa and also do you need a Real estate certification to be able to work. Also what are places known best to work as a real estate agent in the UK.
Hey Mylxs, unfortunately you'll have to take the loss. Normally there's a clause in your employment contract that says if you leave before commission is due then you're not entitled to it
i’m 15 about to get my gcse results back and i’m about to start a level3 buisiness course at college but i want to get an apprenticeship, what qualifications are need to do an apprenticeship and what qualifications are need to become an actual estate agent, thanks
Hey 1, thank you for your comment and good luck with the GCSE results 🙏🏻 no doubt you've smashed them There's no requirement for any qualifications to become an estate agent. They mainly look for sales experience, and if you lack the experience then they'll look at your drive and enthusiasm and ability to work hard/dedication to the job. I'm almost certain there are some property related courses. I have seen property surveying and valuation courses (not sure if they're NVQs) that may help. There are also external courses you could do like the NAEA - check that out on Google. I would recommend you look for some work experience at an estate agents so you have something to put in your CV, sometimes calling directly and speaking to managers will show then that your proactive and not afraid to pick up the phone and just go for it. You can also learn a lot of property stuff online for free, and practice your questioning/rapport building skills. With those basics you should have a strong advantage over others in your future interviews. Hope that helps 😁
Hey Albert Yes, the basic pay usually goes up with promotions. Most notable ones would be: From negotiator to senior negotiator (basic salary goes up slightly, potentially a change in the commission structure, but it's usually the same for both neg and senior neg). Then senior negotiator to assistant manager - basic pay will go up slightly and your commission structure might change to a managerial one (you get a % of office profits) - assistant manager to manager, you'll get an increase in basic (probably the biggest increase till now) and maybe a better commission structure (% of office profits) Then after that it can vary - but a regional manager will be on maybe around £30-40k with a commission structure of taking a % of all the office profits in the region. This can vary greatly though. Never got that far, so I can't speak from experience 😅
@@albertspringer2097Thank you, I really appreciate the Sub! Hope you're enjoying the content too! If there's any topics you'd like me to cover in future videos, feel free to message me 😊
@@RWProperty A possible video idea could be explaining what different roles there are, what they do, how they work together etc, all in one video as I’ve searched everywhere for this sort of video and couldn’t find one. This video would probably be best of being abit longer than your others.
Hey hahahaha (I read this in my head and giggled), that's not entirely true.. I would say being an estate agent, it would be quite hard, but if you invested in property yourself, I think it's quite doable.
Hello sir, I am currently pursuing by Bachelor's degree in Architecture from India, I have a British passport. I am completing my graduation this May. I want to come to London and work as a property negotiator. Please tell me if this is realistically possible, and if yes could you guide me on how I can get a job as a real estate agent trainee. Thank you
Hey Yash, thank you for the comment! This is definitely possible, however I think a career in architecture sounds more fulfilling in my opinion! Once you graduate, you can start applying for trainee negotiator positions in different estate agencies. You could also speak to recruiters who would search around for you. There are no specific requirements to become an estate agent, but you need to show your drive to succeed in a sales environment, so the interview would be key. Also any type of sales experience would probably be beneficial, and also interpersonal skills. There is no specific 'guide' because theres no one specific process. Its like with most jobs, you have to apply, do well in the interview and hope you get the job 😁 Hope that helps and good luck with the graduation and job hunt!
@@RWProperty Thanks alot man, I was wondering if you know any specific agencies who are looking to hire trainees in the coming months. If you could tell me a few names that would be of great help, and thanks alot on sharing your views on this
@@yashkumthekar7177 Hey Yash, Sorry for the slow reply, but I'm not sure of any specific agencies that are looking to hire trainees. You probably want to look at the big corporate companies such as Countrywide or the Connells Group (they have loads of brands underneath those names - so definitely do some research into those two). I haven't worked in agency since early 2018 so I'm not sure which companies are doing what.
I'm 16 im going to leave my college to go to do a A plumbing apprenticeship but I'm not that good at maths or should I just go to during an estate agent
Hey, so I'd say in terms of longevity and self development, plumbing is probably a better career choice in my opinion. I'd say if you're interested in plumbing and maths is what you need, then you can definitely brush up on maths knowledge. There's so much material out there. As a career choice, I'm sure eventually with plumbing you can make really good money, and can even go from employed to self employed or business owner if you want. The same options in Estate agency aren't that available, you couldn't just start your own business. Plus, I think that everyone will need a plumber regardless of the economic situation, however in a recession, the housing market gets hit really hard. Lastly, an apprenticeship will teach so much when you do hands on learning. It's the way I like to learn and sometimes I wish I did an apprenticeship. Working on site and doing hands on stuff will eventually make the maths easy because you'll see it in action and how it works. Hope that helps and good luck! 👌🏻
@@RWProperty it did help but I'm not good at maths I left school with no GCSE's but I have a lot of knowledge what property I think I'm going to do plumbing because it has good money I will save it up I may be put into rent to rent or something else have you got any good books I could read
Hey Luke, thanks for the question 😁 What kind of advice do you mean specifically? This can vary greatly, let me know and I'll try answer as best I can!
Do you need GCSE's to become an estate agent? - and i would like to become an estate agent at 16+ (Currently 15 now) Would i get the same salary as others?
Hey Anna, You don't need A- Levels to become an estate agent, but my understanding is that people need to stay in school till 18 whether that means doing A Levels, or BTEC or some course. I would say if you're looking to go in Estate agency, you could look into an NVQ in that field (something property related). That could give you an upper hand for when you're ready.
Not yet! Haha I plan on making a similar video but for lettings agents! I once had to fill in as a dual role (covering lettings as well) but that was brief, so I'll have to brush up my knowledge of how the commission structure worked, but it's different in terms of timing and structure. Keep an eye out for it in the near future 😁
Hey Everyone! For anyone thinking of getting into Estate Agency , if you have any questions, put them down below! I used to be an Estate Agent myself so I know the ins and outs.
Hey there. Nice video, very clear. I am a landlord, and looking to learn the inner workings through an Estate Agents. Do you have any tips on what questions they would ask for an interview? Cheers
I'm impressed with this guy. Knowledgeable as hell and he wrotes a detailed
reply to every comment .
This is crazy and interesting information. I’m a Real Estate Agent in the USA. We are called “realtors” here. No base salary whatsoever, we are 100 percent commission, so most realtors are in and out of the biz in under a year. It’s a really difficult business because people only trust those who have a proven track record of being a successful realtor, so it’s hard for new agents to grab any sales right off the bat.
Also your right... a super toxic environment. Everyone is trying to steal each other’s clients. Brutal business....
Hey Zach, thanks for the comment! (first from from outside the UK 😄)
I used to work with a Canadian guy who said its very similar to the US in terms of pay and commission structure.
To me, its crazy to think there's no base salary because its then extremely hard to build up a pipeline unless you have a big chunk of savings to live off, and even then it's still a risk.
On the other hand, if you sell one property, and you get like 2% of $500k then i guess it's very rewarding, but it's like you say, you need your name out there and for people to trust you.
In the UK, the structure is different and I think it's mainly because anyone can become an agent without any qualifications whereas at least in the US you need a realtors license, which requires passing exams.
I think if you were to compare a "good" UK estate agent vs a "good" US real estate agent, then I think the US one would definitely be making so much more money.
I've moved on from that side of the business now, but still have a lot of friends in the field 😊
Hope all goes well goes well for you in the Real Estate World out there!
That's what's makes it appealing.
Hi, very helpful video
Out of curiosity when you say that yoy may be expected to work some Saturdays does that mean a 6day work week or does that mean that youll be taken off another day in the week and put on a Saturday instead?
Good all round content in a short video thanks 🎉
Got another couple quick questions,
how many houses do agents sell per month (on average)
and
How many Agents per branch?
appreciate it
Thanks for this very informative video. As you explained in the end, real estate isn’t as glamorous as it seems, I was looking into it before, however I don’t think I will anymore.
Why too much hard work?
@@balance3201 Its easy, unless you go luxury
I'm an 18 year old estate agent
I’m looking into it now, is why I clicked on this video. Thought it be much more money 🤭 🤣
awesome video, looking at going into estate agency after an apprenticeship and then starting my own office and charging low fees as I'm the only employee
Thank you for the comment! 😁 Good luck with the apprenticeship and the next step after that! I think starting your own business is an amazing goal, but don't charge low fees just to undercut the market, build your brand, get good at what you do and don't accept any less than what you're worth. Trust me, you don't want to be known as the agent that charges "low fees" because it could come back a bite you when you end up making a loss on taking on an instruction. Running costs can be higher than you think, so always make sure to double check your strategy!
@@RWProperty 100% agreed, charge what you're worth, people pay lots of money to employ accountants to handle their money, why wouldn't they spend a similar amount on somebody to assist with the biggest purchase you'll ever make? Good luck with it!
Hi, you mention that property consultants are essentially a fancier title for negotiators. Is this true? I have an interview next week for a property consultant position, the same company has separate negotiator roles though, so I would assume there is some difference? Could you elaborate please? Thanks
Hi Shifted, that's a good question, and thanks for asking!
In my experience, a property consultant is typically the same thing as a negotiator. This will depend on the company type. Normally where a property consultant and negotiator are the same is in a traditional estate agency model.
If you are applying to a multi-disciplinary company, one where for example, there is sales, property management, lettings, surveying, investment, and other property roles, then a property consultant can be a very different type of role.
I would say to have a look at the job spec and see whether it resembles a traditional negotiator role. If it's unclear, then definitely ask at the interview what the difference is, and what types of responsibilities you would have.
Hope that helps!
I want to become an estate agent when I’m around 16+. My question is do you have to work on Saturday or can you work Monday-Friday from 9am to 4pm, so that you can work the forty hours in the week and get weekends off. Also, do you have control over your work schedule?
Btw thanks for the video!👍
Hey A.M, thanks for the comment and questions.
This would highly depend on your contract.
Most companies will want you to work Monday-Friday, and the hours typically are 8:30 - 6ish. Every company is slightly different though. Most companies will want you to work Saturdays too, but some might have a 'every second Saturday' policy or even a once a month Saturday policy, so it varies.
When the time comes for you to apply, they'll usually specify the working hours.
Estate Agency is one of those that the more you put in, the more you'll get out, so if you start doing 9-4, you'll probably quickly realise that it's not enough time to get everything done!
When you start out, you don't really have a huge amount of control of your schedule. Since it's targets based, if you've hit your months targets in your first 3 weeks, then technically you can kind of kick back for the last week, or prep for the next next month and get a head start. Overall, I would say its not super flexible, especially in big corporate firms... Independents I think are a bit more relaxed though.
Hope that helps and answers your questions 😁👍🏻
@@RWProperty Thanks!
Hello,
Thank you for your video it was really informative, however I wanted to ask
What did you meant by saying you can’t be ,,too nice” 🤔
Hey Anne!
So that comment is aimed at the personality traits that border any association with being a pushover, or fragile or not able to stand up for yourself, because that was what I saw quite often in the estate agency world and people who were seen as the 'nice' people, who wanted to be friends with everyone, didn't actually do that well. It's unfortunate but a cruel truth.
Don't get me wrong, you have to be nice, but as soon as someone mistakes your niceness for weakness, then you have to show them your other side.
Hope that makes sense 😅
Don’t know why the hobnobs part cracked me up 😂😂
Good video tho 👌🏼
Hey En Route!
Hehe, I'm glad it did 😄
... And thank you for the comment! 😁
Who knew Estate Agents could be funny!! Very helpful vid, thank you....
Hi. I was a bit confused. So is a estate agent a negotiator? Aren't they the people who make the 2.5% from selling the house?
I'm looking to come to UK with a work and travel visa and can be granted to stay no more than 2 years. Wanted to know if Real Estate firms accept people with visa and also do you need a Real estate certification to be able to work. Also what are places known best to work as a real estate agent in the UK.
Hey, what if you leave an agency while houses are still going through the process? will they pay your commission still or do you just take the loss?
Hey Mylxs, unfortunately you'll have to take the loss. Normally there's a clause in your employment contract that says if you leave before commission is due then you're not entitled to it
Hi im just starting out no properties no landlords so here i am
Hey Mr Abz, it's always tricky starting out, but you've taken the first step, so all the best on your new adventure! 🙏🏻
I start my new job as an estate agent next week I’m just looking for a bit of advice what to expect and what I should do
How's it going ?
i’m 15 about to get my gcse results back and i’m about to start a level3 buisiness course at college but i want to get an apprenticeship, what qualifications are need to do an apprenticeship and what qualifications are need to become an actual estate agent, thanks
Hey 1, thank you for your comment and good luck with the GCSE results 🙏🏻 no doubt you've smashed them
There's no requirement for any qualifications to become an estate agent. They mainly look for sales experience, and if you lack the experience then they'll look at your drive and enthusiasm and ability to work hard/dedication to the job.
I'm almost certain there are some property related courses. I have seen property surveying and valuation courses (not sure if they're NVQs) that may help. There are also external courses you could do like the NAEA - check that out on Google.
I would recommend you look for some work experience at an estate agents so you have something to put in your CV, sometimes calling directly and speaking to managers will show then that your proactive and not afraid to pick up the phone and just go for it. You can also learn a lot of property stuff online for free, and practice your questioning/rapport building skills. With those basics you should have a strong advantage over others in your future interviews.
Hope that helps 😁
you only get 1000 pound commission selling a 500,000 pound house that is terrible wtf...
That's the UK. They get a slightly better than min wage salary though.
does basic pay raise significantly once you get to the more senior roles?
Hey Albert
Yes, the basic pay usually goes up with promotions. Most notable ones would be:
From negotiator to senior negotiator (basic salary goes up slightly, potentially a change in the commission structure, but it's usually the same for both neg and senior neg).
Then senior negotiator to assistant manager - basic pay will go up slightly and your commission structure might change to a managerial one (you get a % of office profits)
- assistant manager to manager, you'll get an increase in basic (probably the biggest increase till now) and maybe a better commission structure (% of office profits)
Then after that it can vary - but a regional manager will be on maybe around £30-40k with a commission structure of taking a % of all the office profits in the region. This can vary greatly though. Never got that far, so I can't speak from experience 😅
@@RWProperty Thank you this was great help, I appreciate the amount of effort you are putting into your reply's. I subscribed because if it.
@@albertspringer2097Thank you, I really appreciate the Sub! Hope you're enjoying the content too! If there's any topics you'd like me to cover in future videos, feel free to message me 😊
@@RWProperty A possible video idea could be explaining what different roles there are, what they do, how they work together etc, all in one video as I’ve searched everywhere for this sort of video and couldn’t find one. This video would probably be best of being abit longer than your others.
@@RWProperty Also you could do a day in the life of a uk estate agent. This will most likely get better views than your other videos.
How do I join real estate as an agent without working for the company.
So basically in the UK there’s no chance of being a millionaire from real estate is that what we are saying?
Hey hahahaha (I read this in my head and giggled), that's not entirely true.. I would say being an estate agent, it would be quite hard, but if you invested in property yourself, I think it's quite doable.
@@RWProperty that’s what I mean like if I was to work for myself and buy my own properties, refurbish the house then that’s my money right?
Hello sir, I am currently pursuing by Bachelor's degree in Architecture from India, I have a British passport. I am completing my graduation this May. I want to come to London and work as a property negotiator. Please tell me if this is realistically possible, and if yes could you guide me on how I can get a job as a real estate agent trainee.
Thank you
Hey Yash, thank you for the comment!
This is definitely possible, however I think a career in architecture sounds more fulfilling in my opinion!
Once you graduate, you can start applying for trainee negotiator positions in different estate agencies. You could also speak to recruiters who would search around for you.
There are no specific requirements to become an estate agent, but you need to show your drive to succeed in a sales environment, so the interview would be key. Also any type of sales experience would probably be beneficial, and also interpersonal skills.
There is no specific 'guide' because theres no one specific process. Its like with most jobs, you have to apply, do well in the interview and hope you get the job 😁
Hope that helps and good luck with the graduation and job hunt!
@@RWProperty Thanks alot man, I was wondering if you know any specific agencies who are looking to hire trainees in the coming months. If you could tell me a few names that would be of great help, and thanks alot on sharing your views on this
@@yashkumthekar7177 Hey Yash, Sorry for the slow reply, but I'm not sure of any specific agencies that are looking to hire trainees. You probably want to look at the big corporate companies such as Countrywide or the Connells Group (they have loads of brands underneath those names - so definitely do some research into those two). I haven't worked in agency since early 2018 so I'm not sure which companies are doing what.
Very informative and precise
I'm 16 im going to leave my college to go to do a A plumbing apprenticeship but I'm not that good at maths or should I just go to during an estate agent
@Oblong02 I'm going to do plumbing and then if I don't like it I'm going to do estate agent
Hey, so I'd say in terms of longevity and self development, plumbing is probably a better career choice in my opinion. I'd say if you're interested in plumbing and maths is what you need, then you can definitely brush up on maths knowledge. There's so much material out there. As a career choice, I'm sure eventually with plumbing you can make really good money, and can even go from employed to self employed or business owner if you want. The same options in Estate agency aren't that available, you couldn't just start your own business.
Plus, I think that everyone will need a plumber regardless of the economic situation, however in a recession, the housing market gets hit really hard.
Lastly, an apprenticeship will teach so much when you do hands on learning. It's the way I like to learn and sometimes I wish I did an apprenticeship. Working on site and doing hands on stuff will eventually make the maths easy because you'll see it in action and how it works.
Hope that helps and good luck! 👌🏻
@@RWProperty it did help but I'm not good at maths I left school with no GCSE's but I have a lot of knowledge what property I think I'm going to do plumbing because it has good money I will save it up I may be put into rent to rent or something else have you got any good books I could read
hello, I am an international student in the uk, can I become a real estate agent while I am here, to gain experience ?
Do I need to study a course to become an agent or I can work as a trainee and apply the license along the way?
In the UK you don't need a brokerage license(US). There's enough Trainee Estate Agents positions around, look it up on Google.
Any advice you’d give to a lettings negotiator?
Hey Luke, thanks for the question 😁
What kind of advice do you mean specifically?
This can vary greatly, let me know and I'll try answer as best I can!
Nice info
Hey Alexander, Thank you and I'm glad you think so!
How to get an internship in any estate agency in London at 17 with no prior experience
Procedure to register without joining the company
Answer - F-all compared to people with actual skills and talent. You're one notch above a supermarket supervisor in terms of talent, buddy.
Do you need GCSE's to become an estate agent? - and i would like to become an estate agent at 16+ (Currently 15 now) Would i get the same salary as others?
Interesting
Great video, subscribe, like any video, how start estate agent?
Do I need a levels for this
Hey Anna,
You don't need A- Levels to become an estate agent, but my understanding is that people need to stay in school till 18 whether that means doing A Levels, or BTEC or some course. I would say if you're looking to go in Estate agency, you could look into an NVQ in that field (something property related). That could give you an upper hand for when you're ready.
@streetcheese I have a levels and want to get into this 🤣 am I wasting my skills
Still have so much to practice but moving away from having it too cakey - my earlier videos on my channel the make up just didnt work😍
Estate Agency is a lifestyle.... NOT A JOB.
Been a successful branch director for the last few years but you need to commit to the industry.
Have you got a Twitter I could get in touch with you on? Thanks
@@3znCOLD What did you want to know pal ? I don’t have Twitter
U chatting patty for 70 percent
Do you have any videos about Letting’s agent?
Not yet! Haha I plan on making a similar video but for lettings agents! I once had to fill in as a dual role (covering lettings as well) but that was brief, so I'll have to brush up my knowledge of how the commission structure worked, but it's different in terms of timing and structure. Keep an eye out for it in the near future 😁
Thank you very much!!