Business skills
Because most Real Estate Agents are self-employed or on a commission basis, they must manage every aspect of their business. This includes searching prospective clients, handling their finances, and advertising their services.
Real Estate Agents
Descriptions & Duties
- Real Estate Agents provide services in relation to the sale, purchase, rental and lease of real property, usually on behalf of clients and on a commission basis. They mediate negotiations between potential buyers/ tenants and property owners. They also develop and maintain networks of banks, mortgage companies, and contractors so as to make necessary referrals.
Generic Competencies
Physical Abilities
Physical abilities
- Physical strength
- Eye hand coordination / precision / dexterity
Importance:2 (Max:5)
Skill is occasionally required
Technology Skills
Technology skills
- Computer literacy
- Application of technology
Importance:3 (Max:5)
Skill is basically required
Cognitive Abilities
Cognitive abilities
- Creativity
- Visualisation
- Logical thinking
Importance:3 (Max:5)
Skill is basically required
Comprehension And Expression
Comprehension and expression skills
- Reading comprehension
- Oral / written expression
Importance:3 (Max:5)
Skill is basically required
Social Skills
Social skills
- Communication
- Negotiation
- Persuasion
Importance:5 (Max:5)
Skill is required all the time
Organisation And Execution Skills
Organisation and execution skills
- Planning
- Organising
- Judgement
- Decision making
Importance:4 (Max:5)
Skill is frequently required
Problem Solving Skills
Problem solving skills
- Ability to solve simple and complex problems effectively and efficiently
Importance:4 (Max:5)
Skill is frequently required
Management Skills
Management skills
- Leadership
- Management of finance / time / people / other resources
Importance:2 (Max:5)
Skill is occasionally required
Trade Specific Competencies
Professional knowledge and skills in real estate
Real Estate Agents must always apply professional knowledge and skills in real estate to solve issues and problems for their clients.
General Requirements
Academic qualification
- Secondary school education or above
Professional qualification
- A valid estate agent's licence
Experience
- 1 to 2 years of work experience in related field
Other specific requirements
must hold estate agent card to facilitate identification by the public
Career Path & Salary
Private Sector
Monthly Salary $10,000-$40,000
Monthly Salary $20,000-$50,000
Monthly Salary $30,000-$70,000
Monthly Salary $40,000-$90,000
Related Education & Training
Work Environment
- Real Estate Agents generally work in a typical office environment. They spend much of their time away from offices, showing flats to customers and meeting with prospective clients. They often work in evenings and weekends to accommodate clients' schedules.
Tools
- Computers with property management system
- Pocket calculator - Handheld calculators
- Tape measures - Measuring tapes
