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Be your own boss: Starting your own agency

2 Jul 13

If you love being in the business of real estate, then starting up your own real estate agency could be the next step in your property career.

There are many rewarding aspects to running your own agency - you get to be your own boss, you can have greater control over the locations and areas you want to focus on and you can still work closely with people to help them find their dream homes.

If you're wondering what steps you need to take to move your real estate career to the next level, here are a few things to keep in mind.

Legal requirements

Firstly, in order to run your own real estate agency in South Australia, you'll need to ensure that you have the necessary legal documents, licences and registrations in place - to find out which are applicable for your situation, get in touch with the knowledgeable staff from the Real Estate Institute of South Australia (REISA).

You'll also need to be up to date on the relevant legislation surrounding buying and selling real estate, property management, leasing, and more.

A point of difference

The real estate business can be very competitive, so it's important to highlight your strengths and your own unique selling points (USPs), to differentiate you from other similar agencies and give you an edge.

Whether it's unparalleled local knowledge of the property market in your area, a personalised approach to customer service or great communication skills, identify what your USP is and apply this to starting up your own real estate agency.

Getting off to a great start

To get your agency up and running, it's important to make sure you lay the foundations for success early on.

REISA offers a nationally accredited Diploma of Property Services (Agency Management) which is funded through the South Australian government's 'Skills for All' initiative.

The diploma offers everything you need to know to set up your own real estate agency in South Australia, and you even have the option of studying online for greater flexibility.

It's important to get your agency off to a great start, so take advantage of the opportunity to participate in training courses that set the benchmark for real estate practice.