Typically, salaries are made up of a basic salary plus commission, which is usually based on a percentage of your sales. Salaries are often advertised as on-target earnings (OTE), which are an estimated total salary including the potential commission.
Range of typical starting salaries: £10,000 - £20,000 OTE for trainee posts. Those positions starting at £10,000 usually include enough commission to take the employee over the minimum wage threshold.
Range of typical salaries with experience: £25,000 - £55,000 plus OTE. The higher end of the scale may be reached in certain management positions.
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 35-40 hour week, although hours may be longer.
Working hours typically include unsocial hours and almost all roles will involve some work on a Saturday. Extra hours are expected as part of the work for clients and evening work is a regular feature.
Work is office-based but also includes a significant amount of time spent visiting properties, either for valuations and marketing opportunities or for viewings with potential buyers.
Self-employment and freelance work is possible and experienced staff with a client base can establish their own business. Success depends on the economic state of the property market. Part-time work is common.
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.
Salary data from the National Federation of Property Professionals (NFoPP). Figures are intended as a guide only.
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