Australians spend an estimated $88 billion per year on real estate, and the country’s top real estate agents command astronomical commissions. Some of these agents eat at Woolloomooloo Wharf, while others drive Mercedes supercars. Others vacation in Aspen, wear clothes designed by the best Italian tailors, and party like rock stars at champagne-fueled yacht parties. Regardless of their personal style and work ethic, however, the industry is notoriously tough, with 80 percent of wannabes burning out within the first year.
Family-owned businesses are some of Australia’s most prominent real estate agents. LJ Hooker, founded in 1883, was publicly listed until 2009, and Raine & Horne is a fourth-generation family business. Phillips Pantzer Donnelley, which started in late 2013, is an agency that has been recognized as one of the top real estate agencies by Ratemyagent in 2017-2019. The company has 400 offices throughout Australia. Barry Plant was founded in 1979 and has 78 locations across the country. It claims to have the highest number of satisfied clients in Australia.
A local agent will give you the best results. It’s possible to save time and headaches by choosing an agent who is knowledgeable about the local real estate market. Top Agent Magazine featured agents who had five-star buy plots in hyderabad about their areas. In addition, agents who donate to local charities also made the list. These agents are not only experts but are also dedicated to educating customers about the local real estate market.
LJ Hooker, Century 21, and LJ Hooker received five-star ratings in customer satisfaction survey. Century 21 received five-star customer satisfaction ratings for communication and knowledge & advice. Contract handling was also rated highly. Elders Real Estate and McGrath Estate Agents were among the other companies that received four-star ratings. The company received three-star reviews for their ability solve problems. However, Professionals, Belle Property, and ERA Australia are not rated in the top three categories.
Communication skills are a key quality in a top-notch agent. Estate agents are known for their “gift of gab,” but poor communication skills can lead to frustration for all parties involved. Estate agents should keep their customers informed when making important calls like lease renewals. They should also treat each customer as an individual. All emails should be addressed to them personally Hiring a professional can help you get the best results.
Another factor that determines a real agent’s standing in the industry is their experience. Agents must be licensed and supervised by the Real Estate Institute of Australia (REIA).
Another important factor in a top agent’s professional life is their membership in an association. Real Estate Institute of NSW, and Real Estate Buyers Agents Association of Australia are two of the most respected industry bodies. They promote professionalism in real estate. They represent thousands and have developed guidelines for their industry. These groups focus on the needs of consumers and the requirements of buyers and sellers in real estate.
Every year, REB conducts an annual survey to determine the top real estate agents. These results were released this month. The REB Top 100 Agents revealed the industry’s best for the ninth year. The prestigious listing showcases agents who have managed to navigate difficult markets and produce outstanding results. It also sets the benchmark for other agents in their field. The REB Top 100 Agents 2020 survey uses metrics such as average sale price and the number of properties sold each year.
The top 100 real estate agents in Australia have a median age of 16 years. The average top agent has 16 years of experience and has an average fee of $1.4 million. While some may be overcharging, others may offer extra services to clients. It is important to compare their fees and service packages to ensure that you are getting the best deal. What is the best way to find the right real estate agent for you?