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Estate agent : Salary and conditions

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  1. Job description
  2. Salary and conditions
  3. Entry requirements
  4. Training
  5. Career development
  6. Employers and vacancy …
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Case studies

  • Typically salaries are made up of a basic salary and commission. Salaries are often advertised as OTE or on target earnings which are an estimated total salary.
  • Range of typical starting salaries: £10,000 - £20,000 OTE for trainee posts.
  • Range of typical salaries with experience: £25,000 - £55,000 plus OTE.
  • Salaries vary greatly depending on location, qualification, specialist area, size of firm and the economic climate in the property market and the building industry.
  • Commercial agency tends to pay higher salaries with less commission based earnings.
  • Entrants may be employed on a guaranteed initial commission with this being reviewed (and not guaranteed) after three to six months.
  • Frequently, a company car is provided or a car allowance is paid in addition to salary.
  • Estate agents generally work a basic 39-hour week, although hours may be longer.
  • Working hours typically include unsocial hours. Extra hours are expected as part of the work for clients, and weekend and evening work are regular features.
  • Self-employment and freelance work is possible and experienced staff with a client base can easily establish their own business. Success depends on the economic state of the property market.
  • An increasing number of women are being recruited into this profession, which has typically been male dominated.
  • There are greater opportunities available in urban areas such as large towns or cities but work is also available in rural areas.
  • A smart appearance is necessary.
  • Travel within a working day is frequent and driving is usually a key feature of this job. You may require a clean driving licence.
  • Absence from home overnight and overseas work or travel is uncommon unless you are dealing with international property.
 
AGCAS
Written by Jo Wolff, Middlesex University
Date: 
December 2009
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