What You Need to Know About Hiring a Property Agent

Amelia Varley

Mar 64 min read

Have you ever found yourself scrolling through property listings and wondering if you’re missing out on the perfect home? Or perhaps you’ve thought about selling your property but felt overwhelmed by the process? Hiring a real estate agent can make these situations far simpler. Property agents—often called estate agents in the UK or real estate agents in Australia—bring professional insight, negotiation skills, and local knowledge to guide you through buying or selling a home.

But what exactly does hiring a property agent involve, and why is it so useful? In this blog post, we’ll chat about the ins and outs of selecting the right agent for your needs, along with a helpful breakdown of typical fees and responsibilities. We’ll also highlight how to become a buyer’s agent, in case you’re exploring a career switch. This is your go-to resource for anyone looking to explore the property market with an expert by their side.

By the time you reach the end, you’ll know the key steps to choosing a real estate agent, the difference between seller’s and buyer’s agents, and what to watch out for in terms of costs. Along the way, we’ll also dive into exclusive leasing and managing authority in Victoria, how letting fees work, and what a buyers agency does for you. Ready to get stuck into the world of hiring a real estate agent? Let’s begin.

Understanding the Basics of Real Estate Agents

Buying or selling property typically involves significant sums of money and plenty of emotions. Real estate agents serve as trusted professionals who can ease the process by offering seasoned guidance and navigating the legalities on your behalf. They’re often the glue that holds a transaction together, helping buyers find ideal properties while assisting sellers in securing top value.

What Do Real Estate Agents Do?

Real estate agents market properties, arrange viewings, and handle negotiations. They also liaise with solicitors, mortgage brokers, and other parties to make sure the deal proceeds smoothly. A capable property agents shares insights about local market trends, helping you determine realistic asking prices or offers. When you’re hiring a real estate agent to sell your home, they’ll set up your listing, schedule open houses, and use their expertise to attract serious buyers.

Who Hires Real Estate Agents?

Anyone looking to buy, sell, or rent property can benefit from a real estate agent’s services. First-time homebuyers often seek agents to guide them through the confusing maze of paperwork and negotiations. Experienced homeowners also hire professionals when moving up the property ladder or downsizing. Landlords and tenants use letting agents to arrange rentals, manage day-to-day communication, and handle property maintenance. In every scenario, a knowledgeable agent can be the difference between a smooth transaction and a frustrating experience.

The Difference Between Seller’s and Buyer’s Agents

A seller’s agent (or listing agent) looks after the property owner’s best interests, aiming to secure the highest possible price from the sale. A buyer’s agent, on the other hand, supports those looking to purchase a property, focusing on finding the best home at the most favourable price. Some agents are dual-agents, representing both sides, though this practice has specific legal considerations. Understanding these distinctions is crucial before making any commitment, as it helps you pick the professional whose responsibilities align most closely with your goals.

How to Become a Buyer’s Agent

Not everyone reading this is looking to hire someone—some might be curious about how to become a buyer’s agent themselves. Entering this field can be exciting, particularly if you’re drawn to property research, negotiation, and client interaction. In Australia, buyer’s agents are growing in popularity, thanks to increasingly competitive markets in areas like Sydney and Melbourne. Below, we’ll explore the process of becoming one, plus the salary and qualifications involved.

How to Become a Buying Agent

The journey typically starts with completing real estate training requirements in your state or territory. In many regions, you’ll need to attend accredited courses and pass relevant exams to become licensed. This education covers property law, contract preparation, ethics, and more. After obtaining the necessary certification, you might work for an established buyers agency or set up your own practice. Building a network is key—many budding buyer’s agents find success by forging relationships with mortgage brokers, conveyancers, and property inspectors.

Buyers Agent Salary and Earning Potential

A buyer’s agent’s salary can vary depending on market conditions, commission structures, and how many successful deals they close. In busy cities like Sydney, you’ll find that experienced buyer’s agents can earn competitive incomes due to higher property prices. Some are paid a flat fee, while others charge a percentage of the purchase price. This makes it important for newcomers to cultivate strong negotiation skills and a positive reputation, which often leads to repeat business and word-of-mouth referrals.

Required Qualifications and Training

Formal qualifications might include real estate certificates, diplomas, or licences specific to your state. A thorough knowledge of local property markets, legal standards, and negotiation strategies is vital. Beyond official credentials, successful buyer’s agents are typically people-focused, organised, and proactive. Industry seminars and workshops are great ways to stay current, especially in this always changing real estate landscape. Keeping up with new regulations, home-buying trends, and consumer preferences can give you a decided edge in a competitive field.