Real Estate Representative ANZSCO Code: 612115
A licensed professional representing buyers or sellers in real estate transactions is called a real estate representative, sometimes called a real estate agent or broker. Typically, they are paid on commission, a fixed portion of the sale price. Most states need a real estate agent to collaborate with a real estate broker, company, or other professional with a specialized license and more excellent expertise. On behalf of an agency, a real estate representative sets up the conduct of real estate transactions, including leasing and sales, and helps purchasers locate properties that meet their needs.
Occupation description
A real estate representative works on behalf of an agency to coordinate the conduct of real estate transactions, including leasing and sales, and helps purchasers locate properties that meet their needs.
Occupations considered suitable under this ANZSCO code:
- Real Estate Salesperson
- Real Estate Subagent
- Property Portfolio Officer
Occupations not considered suitable under this ANZSCO code:
- Real Estate Agency Principal
- Property Manager
- Business Broker
These jobs need the necessary skill level or are categorized differently in ANZSCO.
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Group allocation:
VETASSESS Group D occupation: Real Estate Representative
This occupation requires qualifications, such as a bachelor’s degree or higher degree, which are assessed as comparable to the educational level of an Australian Qualifications Framework (AQF) or experiences in the related field.
Applicants must have fulfilled at least one of the following four criteria (1–4):
Extra credentials in a highly applicable topic of study correspond to the following levels:
- AQF Diploma
- AQF Advanced Diploma
- AQF Associate Degree or
- AQF Graduate Diploma
Bachelor’s degree or higher degree includes:
- AQF Master’s Degree or
- AQF Doctoral Degree
Highly relevant paid employment duration (20 hours or more per week)
- 1–3 minimum number of years of highly relevant work experience in the specified occupation gained during the five years before the application date for a skills assessment and at a suitable skill level.
- 4 A minimum of 6 years of relevant work experience is needed, with at least one year of highly relevant work completed in the five years before application and five years of relevant work (which may have yet to be completed within the last five years).
An applicant must have at least one year of highly relevant work at an adequate skill level within the last five years if employment occurs before attaining the certification at the requisite level. The final five years of pre-qualification could fall inside the previous ten years. A favorable evaluation of the degree of qualification and length of employment is necessary for a favorable conclusion of the Skills Assessment.
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Qualification and Employment Criteria
Qualification
This occupation requires a qualification in:
- AQF Advanced Diploma, Associate Degree, Bachelor, Master and Doctoral level.
HIGHLY RELEVANT MAJOR FIELDS OF STUDY INCLUDE:
- Real Estate
- Property Management
Employment
Highly relevant tasks include:
- Accepting and listing businesses and real estate for sale or lease, carrying out inspections, and counseling purchasers regarding the pros and cons of companies and real estate and the conditions of the sale or lease.
- Offering sales and marketing suggestions to sellers, such as auction sales and open house visits.
- Organizing advertising and compiling a list of properties, structures, and companies for sale or lease.
- Determining the needs of the buyer and locating businesses and properties for their consideration.
- Valuing assets, guiding the purchase and sale of real estate and companies, and arranging settlement conditions.
Employment information
Since a qualified real estate agent supervises them, real estate representatives cannot own an estate agent license.