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  iExpert is a Q & A platform that allows iProperty.com members to connect and find answers to their questions. Whether you’re buying, selling, renting or a real estate professional, if you want an answer to that burning property question from our resident iExperts, or would like to become an iExpert yourself, this is the place for you. To participate, please register as a member or sign in.
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What is iExpert?
 

iExpert is a Q & A platform that allows iProperty.com members to connect and find answers to their questions. Whether you're buying, selling, renting or a real estate professional, if you want an answer to that burning property question from our resident iExperts, or would like to become an iExpert yourself, this is the place for you

 

iExpert users can earn points by answering questions posted by fellow users and receiving votes from the owner of the question, OR those who find your answers useful to them. The more votes you get for your answers, the more popular you will get as a resident iExpert.

 
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Q : Becoming a part time agent
Category : About iExpert       Location : Any/No Specific Location
Hi, I'm a undergraduate student who is interested to become a part time property agent. I just want to know where should I start. Below is some of the questions that I have in mind: 1) Do i need a licence to become an agent? 2) Do i need to register with an agency? 3) Does agent receives commission, or fixed salary? Besides the questions above, I'd really appreciate if I can get any info to help me start in this field. Thanks Regards, Din
By Mohd Aizuddin Mohd Khalid, 16-Dec-2009.

 
sophia trus answered : 11-Nov-2014.
First of all you need to know the difference between an agent and a negotiator. An agent is a person who holds the real estate agency license to operate an estate agency while a negotiator is the person who works for the agent. For your information, negotiators work without a basic salary and their income is from sales commission alone. After closing a deal, the total commission is calculated as 2% of the property's value. An agent gets full (100%) commission while negotiators shares a part of this commission. As accordance to the law, real estate agents obtain their license through the Diploma in Estate Agency while negotiators are registered by attending a 2-day registration of negotiator course and attaching to a real estate agency. For more information regarding these courses, please visit http://www.goodinstitute.my or call 03-5611 9671 For further information you can contact Good Institute (07-5562560 / 012-5582400) or visit www.goodinstitute.my (Valli-3/11/2014)
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Shawn Fernandez answered : 17-Dec-2009.
Din, Generally, there are no barriers to entry for someone to start off as a property agent (they call them Real Estate Negotiators). Most lisenced Real Estate Firms would gladly welcome you to join them; even on a part time basis. Indeed, they will even pay you a commission from the professional fees they earn from a sale or rental of a property which you conclude on. However, while all this sounds great, it is a difficult field and extremely competitive. To succeed you would need to join an established Real Estate Agency which offers a significant level of training and support. For the former, you would need to be trained at the in's and out's of both rental's and sales. These are fairly complex processes and you will need to understand them completely before you begin to start showing any properties. Most potential purchaser's and tenant's are extremely knowledgable these days and can spot a rookie very quickly. A good starting point is just to focus on one segment of the market (sale or rentals of terrace house) in one particular area. That way, you quickly get up to speed on the locality, what is has to offer, the average price of houses there, etc, etc. In other words, you come across as a minature expert. Do note too that how you present yourself is also very important to how your potential employer views you and also how potential clients (buyers or tenants) treat you. The better you dress, the better your interaction. I do hope all this helps. Shawn Fernandez. Fernstate Sdn Bhd
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