The majority of estate agents believe that estate agency is a job best learnt on the ground, not in a classroom, latest research from eXp UK reveals.
Every third week of November marks Global Education Week and the survey of UK estate agents, commissioned by eXp UK, found that although there is no formal qualification required to become an estate agent, 30% hold GCSE level qualifications, 30% have a university degree or similar, with a further 9% holding a masters degree.
Despite this, just 23% believe that there should be a mandatory level of education required in order to become an estate agent and just 29% believe that those who have completed higher education make for better estate agents.
When it came to their first job in estate agency, just 35% were required to complete any form of training course or similar when first starting their career.
SPECIFIC QUALIFICATION
However, 68% stated that they believe there should be a specific qualification implemented in order to become an estate agent.
Even with the widespread belief that there should be some form of barrier to entry when becoming an estate agent, 83% maintain that the role itself is one best learnt on the ground, rather than in a classroom.
HOT TOPIC
Adam Day, Head of eXp UK, says: “The lack of qualification required to be an estate agent is a hot topic that has been raised on many occasions and it’s clear that, in the modern day property market, many agents believe there should be some form of entry requirement.
“We’ve seen the education sector evolve over the years to offer more hands-on vocations to students and providing a clearer pathway to entering the profession could help encourage more people to pursue a path as an estate agent.
“But whilst it’s clear that agents do see the value in a sector focussed qualification, estate agency remains a role that is best mastered on the ground, learning on the job, not in a classroom.”
