Working in real estate and property is a really social job that is fundamentally about getting along well with all sorts of people. Of course, you also need to be legally qualified to broker deals, which is where the VET qualification becomes important.
What is VET?
VET stands for Vocational Education and Training, which is an education pathway that’s focused on gaining practical skills and providing you with a nationally-recognised qualification, ranging from a Certificate I to Certificate IV, to a Diploma, Advanced Diploma, Graduate Diploma and Graduate Certificate.
A VET course is similar to a university degree in that you spend a chunk of your time getting qualified for a real-world career, but it’s generally shorter, less theoretical and more hands-on, and more work-focused. You can complete a VET course at TAFE or another registered training organisation (RTO). Statistically, those who complete a VET course, have higher rates of employment and, on average, get paid slightly better than university graduates.
Why is VET relevant to the industry?
VET courses offer very clear and simple qualifications that are designed to provide the skills for people to be able to work as a real estate agent. Within these industries, there are multiple pathways that can then be pursued further as a long term, stable career.
Universities offer bachelor’s degrees in property development but VET courses tend to be shorter, taking anywhere from a couple of weeks to four years for an apprenticeship. In considering VET, you want to ask yourself how long it will take, how much it will cost, how practical it is and the employment outcomes afterwards.
What are some courses that I can do?
One of the most appealing parts of VET is that the courses are generally shorter and cheaper than a bachelor’s degree. Rather than doing a 3- or 4-year degree, the tendency is to do a short course in order to get qualified and then learn more while on the job. As you progress through your career, you can then upskill with more VET training. Alternatively, many people turn to a VET course before or after they’ve completed a university degree in order to enhance their skills and gain more practical experience. Here are a few examples of training courses, from entry-level to advanced:
- Certificate III in Business Administration (Entry Level)
This course is designed to qualify graduates to work in various business and sales roles across a whole range of industries, including real estate and property. It’s a year-long, entry-level program that’s designed to provide an introduction to business and could lead to any number of roles within the business and property sectors. Over 82% of those who complete the course are satisfied with it and 57% receive job related benefits from training.
- Certificate IV in Property Services (Real Estate) (Trade Level)
This course is designed to qualify graduates to work with potential clients, including sellers, buyers and agents in order to broker deals on property. It’s a six-month program that covers appraisal, brokerage, team management and customer service within real estate and property development. More than 91% of graduates are satisfied with this course.
- Diploma of Property Services (Agency Management) (Advanced Level)
This course is suited to those who’ve already got a bit of experience in real estate and want to manage their own firm. It’s year-long program that is designed to lead to a higher-tier job title in the industry. More than 88% of graduates are satisfied with the course and it’s expected that there will be around 59,000 job openings within this industry in the next 5 years.
What are the career outcomes?
The job titles associated with real estate and property are many and far reaching. Here are a couple of examples to kick start your imagination:
Appraisal manager, real estate appraiser, agent, broker, closing agent, real estate agent, real estate clerk, real estate consultant, real estate manager, real estate analyst, sales consultant, loans specialist, mortgage advisor, mortgage consultant, mortgage loan processor, mortgage specialist, home inspector, building inspector, title coordinator, title examiner, marketing coordinator.
For more info on courses and career paths, check out the My Skills website.