Becoming an estate agent is a dream for many, and at Belvoir Franchise Group we can help turn that dream into reality. But what if you have no experience in being an estate agent? Usually having no experience for a job hinders your chances, but not at Belvoir.
Here at Belvoir Franchise Group, all of our estate agent franchisees have different levels of experience and also different financial situations. Luckily, we’re experts at matching opportunities with the right person, ensuring that your journey is as smooth sailing as possible.
Do you need any qualifications to be an estate agent?
Before wandering into the world of franchising at Belvoir, it’s important to know whether you need any qualifications to get started with us.
In short, no. There are no official qualifications that make you an estate agent, instead Belvoir looks for certain personality traits that mean you’re the right fit for working with us.
We want our new estate agents to be people focused. We look out for personality traits such as confidence, communication skills, enthusiasm and also the ability to take hold of a situation and make it your own. We expect some negotiation skills as well as the ability to stay calm under pressure, as this industry has its moments.
The traits we look for are similar to those needed for running your own business, as that’s essentially what being an estate agent is, so if that’s you, keep reading!
What knowledge do estate agents need?
Although no qualifications are technically needed to become an estate agent, we expect you to know a few things just to get started.
A bit of knowledge about the real estate industry wouldn’t hurt, this includes knowledge on the local area you’ll be operating in as well as an idea about the rules and regulations surrounding property buying and selling. We suggest doing a bit of research before you come to us just so you get a bit of a head start. General Maths and English skills will go a long way, just like in most industries, so time to brush up on those!
We’re always on the lookout for hardworking, people focused, like minded individuals, as this can take you much further than having experience or knowledge. Hard work can be the difference between being a good estate agent and a great one. We will support you every step of the way and make sure that you have all the resources to create a successful property franchise at your fingertips.
Is it hard to be an estate agent?
Just like running any business, being an estate agent has its ups and downs.
With a bit of hard work and persistence, however, it can be an incredibly rewarding and lucrative business venture.
There can be barriers surrounding listings, insurance, taxes and general property management but with time and experience these all become easier to deal with and resolve, just like any career issue.
To ensure that each of our franchisees has all the support they need, we match each of them with a Business Development Mentor (BDM). They will be there from the start to provide whatever support is needed and to work closely with you to fulfill your estate agent dreams. Alongside your BDM, we have a network of support teams that can help you with whatever you’re faced with and make sure you always have someone there to lend a helping hand.
Financing your estate agent journey
To begin your career as an estate agent through Belvoir, though little to no experience is required, a solid business plan must be created and an initial investment must be provided. Of course, we’ll support you wherever we can.
Whatever the size of your franchising aspirations, we have options and opportunities for all situations, and can help with every step of the way.
When it comes to financing your new sales and lettings business, some are able to provide the full capital required to purchase their franchise outright, while others may prefer more flexibility for financing their new venture. So we’ll start with a conversation – once we understand your financial position, we will tailor an ownership plan for you.
Whether you’re acquiring a pre-established Belvoir, Newton Fallowell, Northwood, Lovelle or Nicholas Humphrey’s branded business, taking over a competitor brand or opening a new branch altogether, we can put you in contact with lenders and financial partners that we have had long term partnerships with, ensuring that the situation is trustworthy and as smooth as possible.
Read more about our financing options here.
The journey to being your own boss
Every franchise journey starts with a discovery day (currently online), which is an opportunity for you to have your business plans looked at, discuss your ambitions and finances and work out the best opportunity for you.
You will then have the opportunity to talk to existing franchisees and be matched with a BDM to work closely with you throughout your journey.
Research, financing and properties will be discussed further on down the line with branding and training becoming an integral part of your journey here.
To find out more about the journey to becoming your own estate agent, read our Belvoir Group Sales and Lettings Franchise Journey and How Much do Estate Agents Earn in the UK articles.
Ready to get started? Click here to see our approach to becoming an estate agent.
