Real Estate Agency Principals
Real Estate Agency Principals manage the overall activities of real estate agencies.
- The Job
- The Facts
- Related Courses
What the job involves
- Accepts and lists properties and businesses for sale and lease, conducts inspections, and advises buyers on the merits of properties and businesses and the terms of sale or lease
- Advises vendors of sales and marketing options such as sale by auction and open house inspections
- Catalogues and details land, buildings and businesses for sale or lease and arranges advertising
- Assesses buyers' needs and locates properties and businesses for their consideration
- Offers valuations and advice for buying and selling properties and businesses, and structures the terms of settlement
- Collects and holds rent monies from tenants, and remits to owner on agreed basis
- Monitors and addresses non-compliance with terms and conditions of tenancy and pursues rental arrears
- Develops and implements business plans, budgets, policies and procedures for the agency
- May arrange finance, land brokerage, conveyancing and maintenance of premises
Key values of workers in Real Estate Agency Principals
- Achievement - Occupations that satisfy this work value are results oriented and allow employees to use their strongest abilities, giving them a feeling of accomplishment. Corresponding needs are Ability Utilization and Achievement. 
- Relationships - Occupations that satisfy this work value allow employees to provide service to others and work with co-workers in a friendly non-competitive environment. Corresponding needs are Co-workers, Moral Values and Social Service. 
- Working Conditions - Occupations that satisfy this work value offer job security and good working conditions. Corresponding needs are Activity, Compensation, Independence, Security, Variety and Working Conditions. 
- Recognition - Occupations that satisfy this work value offer advancement, potential for leadership, and are often considered prestigious. Corresponding needs are Advancement, Authority, Recognition and Social Status. 
- Support - Occupations that satisfy this work value offer supportive management that stands behind employees. Corresponding needs are Company Policies, Supervision: Human Relations and Supervision: Technical. 
Top skills required for workers in Real Estate Agency Principals
- Reading Comprehension - Understanding written sentences and paragraphs in work-related documents. 
- Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times. 
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions, or approaches to problems. 
- Active Learning - Understanding the implications of new information for both current and future problem-solving and decision-making. 
- Negotiation - Bringing others together and trying to reconcile differences.