Real estate is a booming business and in order to be a part of this lucrative industry one needs to obtain a license to operate. Almost everywhere, a real estate license is a requisite and to get a license in Queensland, there are certain criteria that need to be fulfilled. An integral part of the eligibility is the training one must undergo from a recognized property training organization e.g. Complete Property Training and Recruitment Pty Ltd. The QLD Real Estate License Course is available in classroom mode as well as correspondence. You can go for any mode of training whatever is more convenient for you.
The QLD Real Estate License Course covers the following topics:
1)Implementing and monitoring financial systems – This unit involves establishing and maintaining financial records, preparing formats for presenting and delivering financial reports and monitoring all sorts of financial transactions.
2)Managing agency risk – There are a comprehensive set of tools that will help manage the individual as well as the agency risk. Techniques and strategies of risk management are included in this apart from five other important aspects. The other topics covered here are professionalism (understanding the social and legal risks), finance, sales, property risks as well as health and safety risk.
3)Providing property appraisal – This covers recording and researching property factors and rent indicators, obtaining and analyzing market information, maintaining important property records and assisting the client and providing them with accurate advice to make informed decisions.
4)Establishing and expanding client base – The license course also includes ways and means to establish and expand the client base. This would include satisfactorily servicing previous clients, establishing and expanding business networks, maximizing repeat business opportunities and implementing proper strategies to expand the client base. Quite obviously, this is going to help you a lot in growing your business.
5)Obtaining property listings – This unit deals with the interaction between the client and agency staff to help in successfully listing a property for management or sale.
6)Marketing property – The license course also deals with promoting and advertising the property and developing a market plan for the property.
7)Undertaking property sale by private treaty – This unit deals with the sale of property using general sales techniques and procedures. It deals with screening procedures for buyers, sales presentations, property inspection and the like. This does not however deal with property auction techniques.
8)Monitoring sales process – This unit deals with the correct transfer of ownership and the procedures involved in the monitoring and lodging documents in the requisite legal format.
9)Leasing property – The license course deals in leasing property as well. It involves undertaking property inspections, screening tenant enquiries and applications, preparing and completing documentation and necessary agreements for leasing property.
10)Providing property management services – The agency guidelines usually suggest ways and means to manage property at an operational level.
11)Presenting and explaining property reports – For efficient property management and sales functions, candidates will be taught effective ways of making a property report. It must combine the real facts as well as incorporate the client’s needs.
12)Conducting property sale by auction – This unit involves the preparation, conduct and completion of selling a property by auction.
13)Maintaining trust account – This unit involves establishing a trust account and record-keeping statements, securing cash payments and recording trust account transactions.
14)Implementing a personal marketing plan – This unit involves addressing client requirements, building client database and maintaining a professional image.
15)Performing and recording property management activities and transactions – This unit involves checking and providing tenancy reports, preparing tenancy requirements, recording tenant and landlord transactions, receiving and launching security deposits.
16)Preparing and executing documentation – It involves preparing and presenting appropriate documentation, drafting and constructing documents to meet client and customer needs.
17)Clarifying and confirming property information requirements – This unit deals with the agency staff giving informed advice to clients on the market or on a specific property.
The real estate license course deals with all the above topics and once a candidate has mastered the units and falls into the eligibility criteria, they can get a real estate license. Having a real estate license one can take full advantage of the real estate boom and profit from having their own agency or working in one.