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Understanding Different Types of Real Estate Licenses

real estate licenses

As the Australian housing market boomed, so did the need for real estate agents. And with that, the real estate industry brought several career opportunities to everyone. Choosing a path in real estate might be overwhelming as there are various types of real estate licenses.

However, understanding the basics about each of them will help you to make an informed decision. In this blog post, we’ll explore the types of real estate licenses and which one is better for you.

Salesperson License 

To kickstart your real estate career, it is a fundamental license.  After obtaining this license you’ll be able to offer real estate services to the buyers, sellers & renters. 

A real estate salesperson is an individual who facilitates transactions by involving in property search, documentation, property marketing & market analysis.  

Broker License 

Having a broker license means you are qualified enough to manage & hire real estate agents. Being a real estate broker means you can independently own a brokerage firm and engage other real estate professionals. More than that, having a broker license means you can now ensure whether the transactions are smooth or not.

Dual Agent License

In some cases, only a single agent is preferred for making the transaction smooth & balanced. The dual agent represents both the buyer & seller matching the interests of both parties. Hence, if a state has fewer brokers or agents getting a dual agent license can be a great start to your profession.

Realtors License 

All realtors are real estate agents but not all real estate agents are realtors. A realtor is someone who has joined the Realtors Association and enjoys the perks of using several tools & has access to MLS (Multiple Listing Service).

Also, it’s important to note that the regulations & licensing might differ from states in Australia. So, whether you want to be a property manager, realtor or broker everything is a part of real estate. Hence, as per your interests and qualifications, you can choose the appropriate license category for yourself.

Disclaimer



This information is for general informational purposes only and is not intended as professional advice. While we strive to present accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the content provided.



Real estate transactions and financial decisions involve complex considerations that may vary based on individual circumstances. Do not consider the content provided as a substitute for professional advice tailored to your specific situation.



Conducting thorough research and consulting with licenced and experienced professionals in the relevant fields is crucial. Every individual’s financial and real estate situation is unique, and professional advice is essential to making informed decisions.

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