Estate agents and auctioneers

£28,080

Average Annual Pay

Annual Survey of Hours and Earning 2017

41

Average Weekly Hours

Annual Survey of Hours and Earning 2015

3.86%

Unemployment Rate

Labour Force Survey 2018

Future employment projections (Working Futures UK)

Description

Estate agents and auctioneers arrange for the valuation, sale, purchase, rental and leasing of property on behalf of clients.

Qualifications

There are no formal academic entry requirements although entrants to professional training via the National Federation of Property Professionals (NFOPP) will normally possess GCSEs/S grades, an NVQ/SVQ and/or relevant experience. Off- and on-the-job training is possible, and apprenticeships are available in some areas.

Typical tasks

  • discusses client’s requirements and may advise client on the purchase of property and land for investment and other purposes;
  • conducts or arranges for structural surveys of properties and undertakes any necessary valuations of property or agricultural land;
  • advises vendors and purchasers on market prices of property, accompanies clients to view property;
  • markets the property on behalf of the vendor, prepares written information and press advertisements;
  • negotiates land or property purchases, sales, leases or tenancy agreements and arranges legal formalities with solicitors, building societies and other parties;
  • makes inventories of property for sale, advises vendor of suitable reserve price, issues catalogues, conducts auction, notes bids and records sale.

Common job titles

Agent, land
Agent, site
Agent, estate
Inspector, property
Auctioneer
Agent, letting
Auctioneer and valuer
Agent, land and estate
Assistant, sales (estate agents)
Consultant, sales (estate agents)
Agent, transfer, business
Consultant, letting
Agent, relocation
Negotiator, sales (estate agents)
Negotiator, lettings
Consultant, relocation
Agent, house
Negotiator (estate agents)
Agent, viewing
Agent
Agent and valuer, land
Assistant, agent's, estate
Consultant, property
Agent, property

Education background

Destination of Leavers survey, supplied by the Higher Education Statistics.