How to become a real estate agent in Melbourne, Victoria in 2024

Wondering how you could become a real estate agent in Victoria? Wonder no more! Earning your real estate qualifications in Victoria could easily be one of the best decisions you’ll make. With the property market booming, there’s never been a better time to get involved in the industry.

However, to work in real estate in Victoria, you’ll need to complete an assortment of study requirements with a registered training organisation to earn your qualifications. If you’re keen on exploring a career in Victoria’s property market, you’ve come to the right place. As the leading provider of real estate training in the country, Entry Education makes the process of obtaining your real estate licenses responsive, engaging, and easy.

Before we look into the details of just how to become a real estate agent in Victoria, let’s take a look at your potential future work environment.

The Victorian property market is booming

Regional Victoria’s property market is flourishing, and Geelong, Ballarat and Bendigo holding stronger growth than some of the suburbs in Melbourne. If you’ve been looking at learning how to become a real estate agent in Melbourne alone, it may be worth expanding your horizons to all of Victoria.

For an increasing number of Victorians, regional cities within commuting distance to Melbourne’s CBD are attractive alternatives to big-city living. The normalisation of working remotely has created opportunities for people to move away from Melbourne and purchase quality homes for more economical price tags.

Moreover, government incentives for first-home buyers, combined with record low interest rates, have contributed to the development of a dynamic market where homes are selling in record time, in some cases, just days after being listed. The latest Domain House Price Report showed that Melbourne’s median house price in the 2021 June quarter increased by $41,000 to $1.02 million. Impressive right? It’s worth learning how to be a real estate agent in Melbourne.

And it’s not just Victoria that is seeing stark growth in the property market; the entire country is seeing record growth. In the three months to June 2021, Australia experienced its highest quarterly growth on record.

Those interested in understanding how to become a real estate agent in Victoria will be happy to learn about the recent developments in technological integration for home buying, with the Sydney Morning Herald recently reporting on the growing trend of purchasing property unseen instead through 3D house inspections. An option many have taken, 3D house inspections have changed the game, especially in the age of COVID-19 and have contributed heavily to the property boom in Victoria.

A fulfilling, engaging career

As a successful real estate agent, you can build a prosperous business, be your own boss and build an impressive client list based on your good reputation. Your investment in yourself now can be your blueprint for achievement.

To be successful in the real estate industry, you need to tick off as many of the following attributes as possible.

• You enjoy working with people.
• You’re a savvy networker or willing to learn.
• You’re happy to take directions and learn from others when you start out.
• You’re an effective communicator and a good listener.
• You’re proactive and comfortable phoning potential clients, as well as existing customers.
• You know, or aim to get to know, your local area of work.

Here are some of the reasons why learning how to become a real estate agent in Victoria could be one of the best decisions you’ll ever make:

• Licensed real estate agents are in demand in Victoria.
• The job is interesting, challenging, and fast-paced.
• You can branch into other roles such as buyers advocate, valuer, or auctioneer.
• You’re able to build a list of lifelong clients.
• You’re on the frontline, helping people make life-changing decisions.
• You reap direct rewards from your hard work.

Are you ready to meet kindred spirits and launch your career in real estate? Let’s look at how you can begin your journey to becoming a real estate agent in Victoria by enrolling in an Entry Education real estate course.

Are you ready?

How to Become a Real Estate Agent in Melbourne, Victoria

You can hit the ground running as soon as you enrol in a real estate course in Victoria. It’s true! All you need to get started on your new career are a computer and reliable internet.

You’ll be able to work through your online course at your own rate in your own time. There’s no pressure to sit exams or complete assignments. The only date you’ll need to focus on is your completion date.

The best news yet is that once you’ve completed your course, we’ll send you a copy of your certificate within 48 hours. We get straight to the point so you can get started on your future.

Before you get started with Entry Education

Today, more than ever, a foundation of essential skills and on-the-ground knowledge will help launch a productive, long-term career in real estate.

If you want to hit the ground running with the right skill set, then you need to make an informed decision about where to study.

Learning as an adult is a different experience from being at school. Adult learners generally prefer no-fuss learning without time-wasting admin tasks or paperwork. They want first-class student support and, ideally, they don’t want that support to end when the office door shuts.

It’s only possible to understand students’ needs by listening to them, and when you put your students at the centre of everything you do, you create a welcoming and productive learning environment. After-hours student support is important because most adult students work in day jobs and are time-poor. These are things to consider when selecting where to study for your real estate licence or certificate.

Wondering how to be a real estate agent in Melbourne? Study with Entry Education.

How do I break into the industry?

If you’ve decided to become a real estate agent in Victoria, you don’t need to look any further. There are two different roles within the Victorian real estate industry. You can take a course to work as:

1. an agent’s representative (entry-level)
2. a fully licensed real estate agent.

Here’s how to become a real estate agent in Victoria

1. Entry level – Certificate IV in Real Estate Practice (CPP41419)

This course is the government requirement to work in real estate and the first step to becoming a licensed real estate agent.

Note: From 30 September 2021, the Certificate IV in Real Estate Practice replaced the Agent’s Representative course.

There are 18 units to study in the course, and on completion, you can work as an agent’s representative for any agency in Victoria. You’ll be qualified to work in a variety of roles, including sales, property management and buyers advocacy.

You won’t be able to operate your own real estate agency with this certificate. However, you’ll be working under the supervision of a licensed real estate agent, and the opportunity will enable you to learn the ropes and gain valuable experience.

2. Run your own agency with the Diploma of Property – Agency Management (CPP51122)

This diploma course is your key to a successful career in residential and commercial real estate. You’ll also be qualified to work in property management, business broking, stock and station, and auctioneering.

You’ll be a fully licensed real estate agent working in senior roles such as principal agent and agency manager.

You can also operate your own real estate agency.

There are 12 units in the Diploma of Property – Agency Management, but you’ll need to complete 18 units of the Certificate IV in Real Estate Practice (CPP41419) before commencing this course.

Once you’ve successfully completed both qualifications, you can apply to the Business Licensing Authority for your Real Estate Licence.