Estate Agent

Estate agents are responsible for the lease and selling of private, commercial and industrial properties.

• Gathering information about the property as well as the seller/lessee and/or prospective purchaser/lessor.



• Establishing a market value of the property.



• Negotiating the value of property between parties in a fair and professional manner.



• Explaining terms and conditions of sale and sales agreement, municipal rules, body corporate rules, transfer duties, etc..



• Making sure that both parties are in possession of a copy of a signed Offer to Purchase shortly after signature.



• Assisting in obtaining back loans.



• Arranging transfer of property with conveyancer and arranging payment of deposit.



• Collecting rent and deposit in the case of a lease and seeing to it that both parties are furnished with a signed lease agreement furnished duly with revenue stamps.



• Keeping a trust account.



• Administrative functions, e.g. , assisting with application for loans to financial institutions, liaising with conveyancers, and other similar duties.



• Adhere to the Estate Agent Board, which is governed by the act of parliament, and the Code of Conduct.

Requirements
 
Secondary Education
There is no specific requirements to enter this occupational field.
 
Tertiary Education
The prospective estate agent are required to pass the Estate Agent Board examination, which is offered 3 times per year. If the candidate passes the examinations, he/she is awarded a fidelity certificate. Estate agents should register with the Institute for Namibia Estate Agents in order to obtain ongoing training in the many specialised fields of the property industry.

Personality
The prospective estate agent should be a person of high integrity with good interpersonal communication skills. It is essential that this person be of utmost fairness. The estate agent should put the interest of the client as first priority.

Work Opportunities
Employment opportunities are greatly influenced by the economic and political climate. Estate agents are employed by estate agencies, and the banking industry. Employment opportunities do not seem favourable, since the industry is very competitive.

Back