Young People in the Property Industry 1: How important is training? – Making All-Stars out of agents

With over 2.2 million people forecasted to be working in the property industry by 2020 (ONS), and new businesses and branches popping up all over the country, today’s young estate agents are presented with more opportunities than ever before.

In a five part series exclusive to Industry Views, EAT goes behind the scenes to investigate why an industry that struggles with its public image remains such an attractive career path for young people.

Whilst some young agents continue down the traditional path, learning on the job and picking up tricks of the trade and trusted old habits from older colleagues, others are choosing to take a different route, one which involves more technological know-how and rigorous training.

What better place to start our six part series focusing on young estate agents than a specialist course dedicated to training the best new agents out there.

The Harlow Holiday Inn Express, 14th July 2014. The latest Estate Agency All-Stars course is about to commence, with nine eager and fresh-faced junior estate agents ready for five days of comprehensive training.

The course, which was founded in March 2013 by Rayner Personnel Managing Director Josh Rayner, aims to find the best junior recruits in the business and equip them with the tools to cope with the fast-paced world of property.

Rayner, who has 10 years’ experience in property recruitment, saw a gap in the market when he spoke to Nick Devonport, MD of Northfields Ealing. Devonport said there was a major problem in the hiring and retention of junior staff.

“An average of 60% of new agents drop out in the first three months,” Rayner explains. “Making the hiring and retention of junior agents a more long-term thing was one of the main motivations behind starting Estate Agency All-Stars.”

The programme’s participants are offered extensive training, something that is not currently available to most new agents. The process aims to give candidates everything they need to do well in the industry, as well as an edge over other new recruits and possibly even agents who have been in the job for years.

Across the five days the course covers what exactly estate agency is and the main processes behind running a successful agency business. It also teaches essential property industry knowledge, good questioning and listening skills, benefit selling, the role of portals, the art of negotiation, how to conduct accompanied viewings, secure offers and handle fee enquiries effectively, and how to book valuation appointments in an exceptional manner. Much of the course is completed on laptops donated by Rightmove, who also come in to train recruits for half a day on Wednesdays.

Estate Agency All Stars attracts people from far and wide. This week, the course has participants from locations as varied as Shropshire, the dales of North Yorkshire, Stratford-upon-Avon and Windsor. Some have been in the job for a year or a few months, others are just starting out. But they all have very similar aspirations, one of which is to be the very best at the job they’ve been given.

John and Charlotte are attending the course from J.R. Hoppers in North Yorkshire. John has been working there for five months and Charlotte for three. They both hope to gain knowledge about the industry as a whole and to be trained to a high standard.

John, a former chef, informs us he is completing a law degree alongside his job as a lettings agent. “The two actually go hand in hand really well. I’m enjoying working in the agency and the degree helps me to understand a lot of the legal processes that estate agents have to deal with. I’m hoping to gain a better knowledge of the industry and the workings of an agency.”

Meanwhile, Charlotte has always had a genuine interest in property and found herself looking for a job at the time J.R. Hoppers was hiring.

“It’s great because everyone knows each other – we know the people, we know what they’re looking for and we’re able to put in time and effort to find it,” she says. “Being on this course has already taught me how the property market and the running of an estate agency differ all over the country, especially in London.”

Elsewhere, ex-commercial property agent Vanessa starts her job at The Frost Partnership in Windsor on the Monday after the course, and is keen to brush up on her knowledge before getting stuck in to Surrey’s intense and competitive property market.

“I have experience letting buildings and land to companies from my last job but this is a completely new concept – I want to take as much as I can out of the course so I can feel comfortable, confident and do the job as best I can when I start.”

With frequent bad press creating an unflattering and mostly negative perception of the estate agent profession, the Estate Agency All Stars course aims to alter this image by ensuring junior agents are well-versed in the basics and nitty-gritty of the industry, whilst also placing a key focus on customer service.

As Charlotte Taylor, the course trainer, says: “I make no apologies for banging on about this, because customer service is the most important thing for all estate agents. Estate Agency All Stars wants all those it trains to offer an exceptional service.”

So what credentials does the Estate Agency All Stars course have to make it the ultimate training venue for junior agents? Concluding with a recap and end of week test, the course currently has a 100% pass rate, and is maintaining a 90% conversion rate and a 98% retention rate, according to Rayner.

“So far, Estate Agents All Stars has successfully trained and placed 150 candidates,” he adds. “The overall aim is to train recruits so they aren’t thrown in at the deep end, thus raising the retention rate of new agents and generating better, well-equipped agents the industry can be proud of.”

As John, Charlotte and Vanessa begin their respective journeys with a sound grounding in the principles of the industry, the emergence of training courses such as Estate Agency All Stars confirms the popularity of this ever-changing profession.

Insite
December 15, 2015
EAA
Train and Retain: Hiring and Retaining Staff
Read more
Insite
March 31, 2015
EAA
How important is training? – Making All-Stars out of agents
Whilst some young agents continue down the traditional path, learning on the job and picking up tricks of the trade and trusted old habits from older colleagues, others are choosing to take a different route, one which involves more technological know-how and rigorous training.
Read more

“I thought the trainer was very good and came up with some great ideas and gave the information and help that we need!”

Richard – Morrison Watts

“Charlotte, just thought I would give you an update on how things are going…. Really well… the course helped me so much with getting started! So thank you very much!!! You were also an excellent teacher – may I add! I have been and escorted viewings, I am also dealing with a sale as we speak which is really exciting. I have listed properties on Rightmove as well so really getting involved in every aspect – Which is great! Thanks again and keep in touch!”

Matthew Hedges – BigBlackHen.com

“Thank you Charlotte. The course was great really effective and it’s really helped my training I feel more confident and understand the industry a lot better now. Thank you again l, I will let you know how I’m getting on.”

Henry Hammond – Martin & Co

“Charlotte, I think the thanks should go to you for a great week! I’ve had training before and it wasn’t as interesting as this week was, I have put my agenda into place already and my manger has been impressed with my structure in my calls, thank you again.”

Jack Terry – Park & Bailey

“I’d like to thank you for a great week. Very beneficial and enjoyable, i learnt a lot and feel more confident going into the field now. Wish you all the best in the future.”

Yazen Hasi – Kensington Lettings

“Hi Charlotte, I just wanted to thank you so much for the past week, We all learnt so much from you! I think I would have been completely lost if I didn’t go on the course. You were a brilliant teacher and I will definetly recommend it! Thanks again and I will keep you updated on how everything’s going :)”

Sophie Bartlett – Charles David Casson

“The course was excellent I really enjoyed it. Charlotte was an excellent trainer. I’m getting on really well and am excited about selling some houses”

Ellie Edwards – Anthony Pepe & Co – Green Lanes

“I really enjoyed the course and I love my new job, everyone is really nice and the role is interesting and it is going to keep me very busy!”

Hollie Jarvis – Grey Fox – Rainham

“Thank you Estate Agency All-Stars for helping me secure a placement within a brilliant organisation. I have done two deals so far this week, hopefully should have another one by tomorrow. I am really enjoying everything so far. The course has definitely helped me have confidence in what I’m saying, knowing the theory makes a world of difference. I’ve been using the magnificent 7 a fair bit and think that has really helped with qualifying. So all in all – so far so good!”

James Rigby – Imagine Group – Watford

“I just wanted to send you a quick note asking you to thank Cate for visiting yesterday and finishing off Shazin’s training. It was really above and beyond and we really appreciate it. Shazin was really impressed with the course itself and I can already tell that she is a lot more confident and enthused about the job. Thank you again – her enthusiasm is brushing off on the whole team – myself included! We will definitely be sending new starters to see you in future.”

Andy Sewell, Manager, MARTIN & CO

“Our All-Star has hit the ground running and it’s obvious the training has probably helped her jump at least 6 months.”

Steve O’Neill, owner of Greyfox Estate Agents

“Hilbery Chaplin are extremely pleased with ‘Estate Agency All-Stars’ who offer a unique combination of recruitment and training which places them above other industry recruitment agents. The standard of candidate has so far been excellent and we are looking forward to working with them again in the future.”

Anita Pashley, HR Manager at Hilbery Chaplin

In January 2015 I enrolled three of my junior colleagues on the 5 day ‘Introduction to Estate Agency’ course run by Josh Rayner and Estate Agency All-Stars. It proved to be exactly what was needed. I sent three young, inexperienced and slightly nervous delegates, one week later I had three confident and enthusiastic Junior Negotiators. I would be the first to say that nothing beats experience but everyone has to start somewhere and this course provided an excellent base from which they can build and also gave them confidence in themselves and their abilities. Thanks Josh and Team.

Aidan Branch FNAEA (Honoured) NAVA MARLA, Director, Durrants

“Sending four of our new recruits on a weeks course was new territory for us. The structured and condensed method of training provided was simply not something a company of our size could provide in house. Given the feedback from the attendees we will certainly make this part of every trainees first six months to ensure they grasp the fundamentals of the role and hit the ground running.”

Mark Cooper, Partner, Coopers Residential

“I was very pleased with the standard of training and the content covered. Our new recruits have got off to a flying start. We have now made it company policy that all new recruits without industry experience will attend this course.”

Sean Newman, Chairman, Newmans Estate Agents

Next courses

See all courses
How to Help Employees Remember What They Learned in Training https://t.co/P9Q6RcJSYh
@EAAllStars
#quoteoftheday “It's what you learn after you know it all that counts.” – John Wooden
@EAAllStars

Pin It on Pinterest