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.
