Budding Buyers Agent

Discussion in 'Introductions' started by Aspiring Buyers Advocate, 11th Dec, 2017.

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  1. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    5th Dec, 2017
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    Location:
    Sydney, NSW
    Hi All,

    With 4 properties purchased I am looking at becoming a Buyer's Agent so i can help those looking to purchase a home out by providing my services, assistance and experience.

    I would love to hear from any existing Buyer's Agents in the Sydney area on tips to get myself out there and develop myself!

    Thanks in advance!
     
    Mal Baini-Bartrop likes this.
  2. D.T.

    D.T. Specialist Property Manager Business Member

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    Location:
    Adelaide and Gold Coast
    What suburbs would you specialise in? Where and how would you find paying clients?
     
  3. Xenia

    Xenia Well-Known Member

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    Hi Aspiring buyers advocate, welcome to the real estate world and congratulations on the 4 properties.
    If you do a search there are a few friendly people in here from Sydney that would love to have a chat and set you in the right direction.

    I used to own a buyers agency in Adelaide but have since moved to just selling. I don't know anything about the Sydney market, except that it has awesome beaches and lot's of ethnic food places ;)
     
  4. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    Location:
    Sydney, NSW
    Thanks for the tip Xenia!
     
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  5. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

    Joined:
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    Location:
    Sydney, NSW
    I would look to specialise in sydney north, northwest and west as that is where my properties are located.

    I would like to start by assisting friends and family. Then maybe advertise in the local property magazines.

    Do you have any other suggestions?
     
  6. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    Im not a BA...................

    Working with friends and family and other close associates can be a great starting point, in fact its how most of our mentees get started.

    Advertising in a property magazine where everyone else has 1000 % more experience and/or posture............ your point of difference and sales methodology better be really effective

    Start with why someone would use your services over the dozen plus super well established names in the market - and if its a great why, the how will become obvious

    ta

    rolf
     
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  7. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    Location:
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    Thanks for the advice rolf.

    It would be difficult to gain attention in an advertisement against more established competition. 100% agreed.

    I was considering heavily discounting to gain exposure... but this may be a ways down the track.
     
  8. Scott No Mates

    Scott No Mates Well-Known Member

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    Location:
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    • Check the requirements of Fair Trading
    • Work for someone established to learn the ropes
    • Develop your network of potential buyers & agents
    • Read the PSBBA & regulations
    • Join REIA NSW or REBA
    • Give up your day job and become 100% committed (a bit of hunger doesn't hurt)
     
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  9. Kate Hill

    Kate Hill Active Member

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    13th Nov, 2017
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    Location:
    Sydney
    Hi there,

    Something to add to Scott's list, you could also consider becoming QPIA qualified through PIPA.

    You might want to get fully qualified and make sure this is your passion before you give up your day job.

    Feel free to PM me or call, happy to have a chat.

    Regards Kate
     
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  10. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    Location:
    Sydney, NSW
    Great suggestions, will definitely add these to my to do list.
     
  11. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    Location:
    Sydney, NSW
    Thanks for the offer Kate!

    Much appreciated.

    I will definitely keep your number in my contacts.
     
  12. Jacque

    Jacque Jacque Parker Premium Member

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    Location:
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    Hi @Aspiring Buyers Advocate have you got your RE licence yet? If not, then that should be your first priority. I'd recommend a face to face licensing course, to get the best value out of learning so try the REINSW or TAFE. Second step is to look for work experience or part time work in a buyers agency or similar to ensure it's the right career for you. Not everyone is suited to BA work and it's highly competitive here in Sydney.
    Best of luck :)
     
  13. Jake Milne

    Jake Milne Well-Known Member

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    Location:
    Melbourne
    To purchase properties on other people's behalf as a solo entity you'll need to be licensed.

    Each state has its own requirements to become fully licensed which usually involves being an agents rep whilst studying the relevant course materials followed by an application to the BLA.

    From my own experience, working with reputable, larger organisations is a great way to immerse yourself in the role and expose yourself to a broad base of knowledge. Many heads are better than one. :)
     
  14. Jacque

    Jacque Jacque Parker Premium Member

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    Take note, however, that the NSW licensing regs are changing this year and by the year's end (if not sooner) you will require your complete RE licence (ie Cert IV in Property Services) to act as a buyers agent, not just the current restricted licence. I speak from experience here as I also train and assess part time for the REINSW, as well as managing my own BA business.

    I'd advocate obtaining the complete licence regardless, as it provides further learning and a valuable insight into the theory and practice of the sales side of RE, which is especially useful if you've not worked in sales or PM before. You can currently still do the restricted BA licence via REINSW after you obtain your Certificate of Registration Buyers' Agent License
    but It's preferable to do the entire licence along with the Unit of Competency currently called "Act as a Buyers Agent" (CPPDSM4001A) Certificate IV | Course schedule
    Good luck and I might see you in the classroom should you elect to obtain your learning in the future :)
     
    Last edited: 31st Jan, 2018
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  15. Aspiring Buyers Advocate

    Aspiring Buyers Advocate Member

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    Location:
    Sydney, NSW
    Thanks Jacque,

    I will definitely enquire and look into those steps.
     
    Jacque likes this.